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Winds of change for €11m in Tipp


Going green: The 80 ac site of Lisheen Mines is on the market for €11m

Going green: The 80 ac site of Lisheen Mines is on the market for €11m

Going green: The 80 ac site of Lisheen Mines is on the market for €11m

The 800ac site of the former Lisheen Mine in Tipperary is on the market. The property, which includes bio-economy enterprises, residences and an active wind farm, is for sale by private treaty and guided by Knight Frank at €11m.

Located between Moyne and Templetuohy on the Tipperary Kilkenny border, the zinc and lead mine began its life in 1999 and the last minerals were extracted and shipped in 2015.

In the course of its 16-year life-span, Lisheen produced 22.4 million tonnes of ore with an average grade of 11.63 per cent zinc and 1.96 per cent lead.

The plant consisted of an underground mine, a concentrator and backfill plant, and employed between 360 and 400 people at full production.

The auctioneers describe the site as an exceptional investment opportunity with significant income streams from renewable energy and agricultural enterprises.

This extensive land holding extends to 800ac and has mainly been returned to brown field condition with 200ac of agricultural land suitable for beef or dairy.

There is a wide range of outbuildings, industrial structures and residential dwellings situated across the holding.

The lands are officially designated as the National Bioeconomy Campus where renewable biological resources from land and sea are used to produce food, materials and energy. Designation as a "Modern Demonstrator Region" was also awarded to the area by the European Commission, one of only six regions in the EU granted the status.

The owners of the site are in discussions with a number of other operators to set up facilities within the Campus on land that will not form part of the land for sale. The property is also home to a wind farm comprising 18 wind turbines that are subject to a long-term lease and will provide significant revenue to any new owner.

The wind farm has the potential to be expanded and further alternative renewable energy production such as solar farming could be carried out on the property, subject to planning permission.

Indo Farming