LENNOX FOREST & WATERHEAD HILL

Transcription

1 LENNOX FOREST & WATERHEAD HILL Campsie Fells, East Dunbartonshire, Central Scotland Hectares / 1, Acres John Clegg & Co CHARTERED SURVEYORS & FORESTRY AGENTS

2 LENNOX FOREST AND WATERHEAD HILL Fintry 5 miles Lennoxtown 3.5 miles Glasgow 18 miles (Distances are approximate) Stirling 20 miles

3 LENNOX FOREST & WATERHEAD HILL Hectares / 1, Acres An extensive and very accessible maturing commercial forest investment opportunity, with adjoining hill ground suitable for tree planting or rough grazing. Situated in the Campsie Fells, within easy reach of timber markets. Sporting rights included. FREEHOLD FOR SALE IN TWO LOTS OR AS A WHOLE Lot 1 Lennox Forest Hectares/ Acres Offers Over 1,750,000 As a Whole Offers Over 1,900,000 SOLE SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS Tel: Fax: Ref: Patrick Porteous Lot 2 Waterhead Hill Hectares/ Acres Offers Over 150,000

4 Lot 1 Lot 1 Lot 1

5 LOCATION Lennox Forest and Waterhead Hill are situated in the Campsie Fells, approximately 18 miles north of Glasgow in Central Scotland. Whilst being very accessible, the property is situated in a secluded part of the country, close to the village of Fintry. The forest adjoins the Carron Valley Forest Complex, which lies to the east. The property is shown on the location and sale plans within this brochure and can be found on OS Sheet 1:50,000 Number 64. The entrance is located at Grid Reference NS ACCESS From Lennoxtown, head north from the A891 on to the B822 (Crow Road) continuing for approximately 3.5 miles past Waterhead Hill, to reach the main entrance to Lennox Forest, shown on the sale plan at point A1. Alternatively, follow the B822 in a south-easterly direction from the village of Fintry. The internal access road leads in from the south of the property, splitting at a junction within the forest to connect with a secondary access road (A2-A3) just north of Waterhead Farm. There is a Servitude Right of Access across this (shared) road from the B822, shown on the sale plan. Maintenance is according to user. The forest access road has been constructed to a good standard but this will require some improvements prior to the extraction of timber. A good supply of stone can be found within the forest for this purpose and for future maintenance. There is no formal access on to Waterhead Hill; however, two large roadside lay-bys (located at points A4 and A5) could be extended to create access points off the B822 public road on to the land, subject to planning consent. DESCRIPTION Lot 1 Lennox Forest Hectares/ Acres The forest was mainly established in 1989 (with some of the planting extending into 1990) with predominantly high yielding Sitka spruce, which thrives in the region s climate. A small proportion of the crop was established in mixture with Lodgepole pine, which can be found on the lower lying slopes adjacent to the forest entrance. A small area of Lodgepole pine was planted as Christmas trees at the very north end of the property, which has been left to grow on as a final crop. Sitka spruce is the dominant species. Whilst growth rates have been quite variable, some remedial fertilising and drainage has been carried out and has greatly improved growth rates. The crop is now beyond thinning age and is growing at an average yield class of The crops growing on the more fertile lower lying slopes could be felled within the next 5-10 years; the remainder of the crop sometime thereafter. Groups of broadleaves have been planted along the northwestern boundary of the forest where it adjoins the River Carron. Potentially, the tree line of the forest could be extended by planting more conifer or broadleaved species. Planting Year Species Area (Ha) Sitka Spruce Sitka/Lodgepole mix Norway Spruce Noble Fir Lodgepole Pine Mixed Broadleaves Open Ground Total Further information, including a compartment plan and schedule, is available from the Selling Agents upon request. Lot 1 Lot 2 Waterhead Hill Hectares / Acres This sizeable area of open hill ground wraps around the western slopes of Lecket Hill and includes a lovely secluded glen. From there, the Alnwick Burn flows over a series of pretty waterfalls down to Campsie Glen. The land is classified as rough grazing (Grade 6.1). This was being grazed under an Annual Grazing Licence, which provided a rent of 1200 per annum. Forestry Commission Scotland are keen to encourage the creation of new woodland here, which would benefit from attractive grants that are currently available. Alternatively, the land could continue to be grazed or a combination of both. The B822 (Crow Road) is a popular tourist route through the Campsie Fells. As a circular walking route passes through part of Waterhead, there is potential to create a woodland that could be enjoyed by the passing public. SPORTING RIGHTS The sporting rights are included in the sale for both lots 1 and 2 and are let on an annual basis. A rental figure of 700 per annum is currently generated, mainly from Roe deer stalking and rough shooting. BOUNDARIES The forest boundary is currently stock fenced, which is maintained, repaired and renewed at joint equal expense with the adjoining proprietors to a stock proof standard. Only the northern and eastern boundaries of Lot 2 are presently stock fenced. There is an obligation to erect a suitable fence along the southern boundary of Lot 2 by the purchaser, if the land is to be used for tree planting. WAYLEAVES & THIRD PARTY RIGHTS A private water supply for Waterhead Farm originates within Lennox Forest, shown on the sale plan at point W1. A buried plastic pipe runs parallel with the burn down to point W2. There is also a private water supply located at point W3, supplying Muir Toll. The River Carron flows in to the Carron Valley Reservoir, which is a public water supply. The property will be sold with the benefit of, and subject to, all existing rights and burdens within the Title.

6 WOODLAND GRANTS There are no grant schemes in place and no transfer of obligations required. For further information on the current grants available please visit the FCS and Scottish Government websites: WIND ENERGY DEVELOPMENT A Standard Security (clawback) is to be granted by the purchaser(s) in favour of the vendor to secure 25% of the uplift in value arising from any consented wind energy development project granted planning approval within a period of 15 years from the date of entry on both Lots 1 and 2. For further information please contact the selling agents. MINERAL RIGHTS Mineral rights are included, except as reserved by Statute or in terms of the Title for both lots 1 and 2. AUTHORITIES Forestry Commission Scotland Central Scotland Conservancy Bothwell House Hamilton Business Park Caird Park Hamilton ML3 0QA Tel: East Dunbartonshire Council Southbank Marina 12 Strathkelvin Place Kirkintilloch Glasgow G66 1TJ Tel: VIEWING Viewing is possible at any time during daylight hours as long as potential purchasers are in possession of a set of these sale particulars. Please contact the Selling Agents in advance of your visit to arrange a viewing and to obtain the access gate padlock code. For your own personal safety please be aware of potential hazards within the forest when viewing. OFFERS If you wish to make an offer on this property or would like us to inform you of a closing date for offers, it is important that you notify us in writing of your interest. Offers in Scottish Legal Form are to be submitted to the Selling Agents. SOLE SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS; Tel: ; Fax: Ref: Patrick Porteous. SELLER S SOLICITORS Turcan Connell, Princes Exchange, 1 Earl Grey Street, Edinburgh, EH3 9EE; Tel: Fax: Ref: Adam Gillingham TAXATION At present, all revenue from timber sales is Income and Corporation Tax free. There is no Capital Gains Tax on growing timber, although there may be a liability on the land. Under the Inheritance Tax regime, 100% Business Property Relief should be available on commercial woodlands. VAT is charged on forestry work and timber sales, although its effect is neutral if managed as a business. Government grants are received tax free with the exception of farm woodland and subsidy payments. IMPORTANT NOTICE John Clegg & Co LLP, its members, employees and give notice that: 1. These particulars (prepared in May 2016) and all statements, areas, measurements, plans, maps, aspects, distances or references to condition form no part of any offer or contract and are only intended to give a fair overall description of the property for guidance. John Clegg & Co LLP will not be responsible to purchasers, who should rely on their own enquiries into all such matters and seek professional advice prior to purchase. 2. Neither these particulars nor any subsequent communication by John Clegg & Co LLP will be binding on its clients, whether acted upon or not, unless incorporated within a written document signed by the sellers or on their behalf, satisfying the requirements of section 3 of the Requirements of Writing (Scotland) Act The sellers do not make or give, and neither John Clegg & Co LLP nor its members or employees nor any joint agent have any authority to make or give, any representation or warranty in relation to the property. 4. The property (which may be subject to rights of way, servitudes, wayleaves and others) will be sold as per the title deeds, which may differ from these particulars. Photographs may depict only parts of the property, which may not have remained the same as when photographed. 5. Where reference is made to grant schemes, planning permissions or potential uses, such information is given by John Clegg & Co LLP in good faith, but purchasers should rely on their own enquiries into those matters. 6. Prospective purchasers should be aware of the influence and effect the Wildlife and Countryside Act 1981, Nature Conservation (Scotland) Act 2004 and the Wildlife and Natural Environmental (Scotland) Act 2011 along with any statutory designations, may have on the property, including rights of public access under the Land Reform (Scotland) Act The sellers will not be obliged to accept the highest, or indeed any, offer and may at any time accept an offer or withdraw the property from the market. Neither the sellers nor John Clegg & Co LLP will be responsible for any costs incurred by interested parties. Lot 1 Lot 1 Lot 2

7 Lot 2 Lot 2 Lot 2 Lot 1 Lot 1

8 John Clegg & Co England: Scotland: Wales: John Clegg & Co LLP is a limited liability partnership registered in Scotland (No. SO302718) whose registered office is at 2 Rutland Square, Edinburgh, EH1 2AS Lot 1