ARDTEATLE FOREST. Loch Awe, Argyll Hectares / Acres

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1 ARDTEATLE FOREST Loch Awe, Argyll Hectares / Acres

2 ARDTEATLE FOREST Dalmally 3 miles Fort William 61 miles Perth 73 miles (Distances are approximate) Glasgow 75 miles

3 ARDTEATLE FOREST Hectares / Acres An outstanding mixed age commercial forest, with a significant volume of harvestable timber ready for felling. Located in a highly scenic part of Scotland with stunning views across Loch Awe. Excellent growing conditions and access. Sporting rights included. FREEHOLD FOR SALE AS A WHOLE OFFERS OVER 1,500,000 SOLE SELLING AGENTS John Clegg & Co, 76 George Street, Edinburgh EH2 3BU Tel: Ref: Patrick Porteous

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5 LOCATION Ardteatle Forest is situated on a promontory overlooking the head of Loch Awe in Argyll. The forest has stunning views down Loch Awe and of the surrounding mountains. It is within easy reach of the West Coast and the Central Belt. The property is shown on the location and sale plans within these particulars and can also be found on OS Sheet 1:50,000 Number 50, Grid Reference NN ACCESS The nearby village of Dalmally is located 3 miles to the east of the forest on the A85 heading towards Oban. Approximately 1 mile west of Dalmally, turn off the A85 on to the A819, signposted Inveraray. Head in a westerly direction for approximately 1 mile to find the forest on the left hand side of the public road and continue on to the forest entrance, shown on the sale plan at point A1. The forest road continues up along the southern edge of the forest as far as point A2. Maintenance is shared according to use with the neighbouring forest owners and has been used for the haulage of timber from within Ardteatle Forest. There is potential to create a new access on the northern boundary, shown at point A3, subject to planning permission. This would facilitate the harvesting of the mature timber in this northern section of the forest. DESCRIPTION Ardteatle Forest was established with mainly high yielding Sitka spruce over a period of four years during the 1970s, with a further section planted in A Long Term Forest Plan was approved in 2012 and the first phase of felling was carried out in 2013/14; and, a further area in Replanting of these fertile areas then followed in 2015 and 2017 and are establishing well. The next phase of felling, scheduled to take place during , amounts to approximately hectares, and is estimated to have a timber volume of approx. 7,892 m 3. The next phase amounts to approximately hectares, with a current estimated volume of approx. 14,721 m 3. The volume will obviously increase with each growing season, however, some wind damage has occurred and felling may need to be brought forward sooner than scheduled. The spruce crop planted in 1996 is growing well and parts could be considered for thinning. Some native broadleaves have been established in the newly replanted areas to add diversity and are enclosed within deer fences for protection. The standing timber measurements and a copy of the Long Term Forest Plan are available from the Selling Agents upon request. upon request. SPORTING RIGHTS Sporting rights are included and are currently let to a syndicate to carry out deer control to ensure the young crops establish. Both Red and Roe deer are present and the topography of the property presents some challenging stalking. The current lease can be terminated or remain in place. There are a couple of small ponds located within the forest which add some sporting potential for wildfowling. BOUNDARIES The boundaries are unfenced and there is no requirement to erect or maintain boundary fences, unless erected for the protection of tree crops. If boundary fences are erected, this will be at the expense of the party wishing to fence. Thereafter, maintenance will be at joint expense to a stock-proof standard, either party having the right to hang deer or rabbit netting. MINERAL RIGHTS Mineral rights are included except as reserved by Statute or in terms of the Title. WAYLEAVES & THIRD PARTY RIGHTS The neighbouring forest owners have a servitude right of vehicular access over the forest access road A1-A2. Maintenance is shared according to user. The neighbour also has the right to lay a water pipe to the ponds within Ardteatle Forest and services, subject to the proprietor s consent on alignment. The property will be sold with the benefit of, and subject to, all existing rights and burdens within the Title. Planting Year Species N/A Area (Ha) Sika Spruce Japanese Larch Mixed Conifers Native broadleaves Mixed broadleaves Native broadleaves/open Ground Open ground Ponds Road Total WOODLAND GRANTS The recent replanting has been carried out to the satisfaction of the Forestry Commission and all grants fully paid. The purchaser will be expected to take on the current Long Term Forest Plan obligations. For further information on current grants available please visit the FCS and Scottish Government websites: AUTHORITIES Forestry Commission Scotland Perth & Argyll Conservancy Upper Battleby Redgorton Perth PH1 3EN Tel: Perth & Kinross Council Pullar House 35 Kinnoull Street Perth PH1 5GD Tel:

6 VIEWING Viewing is possible at any time during daylight hours so 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. 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. In addition, any offer presented must be accompanied by certified proof of identity of the purchaser, his/her residential address and the source of the funds for purchasing the property, before acceptance of the offer can be confirmed. Further information can be obtained from the Selling Agents. SOLE SELLING AGENTS John Clegg & Co, 76 George Street, Edinburgh EH2 3BU. Tel: Ref: Patrick Porteous SELLER S SOLICITORS Murray Snell Solicitors, 40 North Castle Street, Edinburgh EH2 3BN. Tel: Ref: John Macleod 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, its members, employees and their clients give notice that: 1. These particulars (prepared in June 2018) 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 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 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 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 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 will be responsible for any costs incurred by interested parties. 8. No warranty is given for the health of the trees within the property for sale.

7 ARDTEATLE FOREST LOCH AWE ARGYLL Sole Selling Agents N 76 George Street Edinburgh EH2 3BU Tel: edinburgh@johnclegg.co.uk This plan is only for the guidance of intending purchasers. Although believed to be correct, its accuracy is not guaranteed and it does not form any part of any contract. Reproduced by permission of Ordnance Survey on behalf of The Controller of Her Majesty s Stationery Office Crown copyright. All rights reserved. Licence number

8 England: Scotland: Wales: John Clegg & Co is the forestry division of Strutt & Parker, a trading style of BNP Paribas Real Estate Advisory & Property Management UK Ltd, a private limited company registered in England and Wales with registered number and with registered office address at 5 Aldermanbury Square, London EC2V 7BP