DIPTON WOOD HEXHAM NORTHUMBERLAND

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1 DIPTON WOOD HEXHAM NORTHUMBERLAND

2 DIPTON WOOD HEXHAM NORTHUMBERLAND HECTARES ( ACRES) A most attractive, extensive and diverse mixed aged and species commercial plantation with a substantial volume of mature timber and additional agricultural land. Freehold For Sale as a Whole Joint Selling Agents: Savills, Glendale Road, Wooler NE71 6DW Tel: John Clegg & Co, 2 Rutland Square, Edinburgh, EH1 2AS Tel:

3 Description Dipton Wood is an extensive and diverse mixed aged commercial plantation which includes recently cleared ground ready for replanting through to mature timber ready to fell. It is particularly well roaded and mechanised harvesting is believed to be possible over the whole site. The wood was originally established in the 1930s but the majority of the commercial planting was completed in the 1940s and 1950s. The predominant crop is Scots Pine (51%) with significant stands of Sitka spruce (11%), Hybrid larch (5%) and Corsican pine (5%). Site The site is generally gently sloping with a predominantly west and south facing aspect at elevations between 110 m and 190 m above sea level. The soils are of the Rivington series which can be fairly described as freely draining slightly acid loamy soils. Approximately ha of Scots pine and European larch have been recently clear felled under Felling Licence Ref: 022/62/ The purchaser will be required to restock the area under the terms of the licence planting Sitka spruce 50%, Hybrid larch 20%, Scots pine 15%, open ground 10% and Silver birch and Rowan 5%. Full details are available from the selling agents. In addition there are ha (33.85 acres) of grass fields divided into 3 separate enclosures. This land is currently let on a seasonal grazing basis. Location Dipton Wood is located about 2 miles south of Corbridge, 1.5 miles south east of Hexham in the beautiful countryside on the south side of the Tyne Valley and main A69 corridor between Newcastle and Carlisle. The wood is illustrated on the location plan within these particulars and can be found on OS sheet 1:50,000 Number 87. There is excellent road access heading south from the A69 through Corbridge crossing the River Tyne and on to the A695. Follow signs to Dilston and Slaley on to the B6307 and Dipton Wood lies to the south and east where this road meets the B6306. Access There is excellent access to the wood from the public roads and both the B6306 and the B6307 leading on to the A695 and A69 are all approved Timber Haulage routes. Sporting Rights The sporting rights are included in the sale including excellent opportunities for Roe Deer shooting from a number of high seats throughout the wood. Rights over the entire property are currently let on an annual licence for the purposes of shooting Roe Deer only at an annual rent of 600 plus VAT. Boundaries The boundaries fences and the replacement and maintenance thereof will be the responsibility of the purchaser. Rights of Way, Easements and Wayleaves The property is sold subject to and with the benefit of all rights of way, easements and wayleaves. The purchaser(s) will need to have satisfied themselves of the nature of each. A right of access in favour of the purchaser will be granted through and over the track adjacent to Dipton Sawmill and over the road leading to Lightwater Cottages for all forestry purposes. There are two public rights of way 513/017 & 513/019 which cross the property which are also identified as a restricted byway allowing a right of way on foot, on horseback, or leading a horse, cycling and for any vehicles other than mechanically propelled vehicles. Restrictive Covenant The vendors will apply a covenant restricting the use of the property for forestry, agricultural and sporting purposes. Mineral Rights The mineral rights are reserved in favour of the vendor. Woodland Grants The wood has been managed to a Forestry Commission approved Forest Plan, a copy of which is available from the Selling Agents. Existing grant schemes are in place and the purchaser will be required to accept the complete transfer of obligations under the scheme. Further details are available from the Selling Agents. EWGS Grant reference 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

4 liability on any increase in value 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. Authorities Northumberland County Council Tel: Forestry Commission England Yorkshire & North East Tel: Viewing Viewing is strictly by appointment with the Selling Agents and is possible at any time during daylight hours and will not require to be accompanied. We would point out the potential hazards within any woodland when viewing and would ask that particular care is taken where there is livestock in the fields. Offers If you wish to make an offer or would like us to inform you of any closing date for best offers it is important to notify us in writing of your interest. Vendor s Solicitors Ward Hadaway Tel: Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Crop Species Planting TOTAL Year AREA NAOG Replant Grassland (Ha) BE CP DF EL HL JL MB NS OG OK ROW SP SS PFE Grassland TOTAL

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6 Hexham Main Access Point Key Forest Access Road Restricted Byway Ordnance Survey Crown Copyright All rights reserved. Licence number Plotted Scale - 1:12166

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8 Wooler office t eharris@savills.com savills.com John Clegg & Co Edinburgh t fenning@johnclegg.co.uk johnclegg.co.uk