GULLABA FOREST & LAKE COUNTY KERRY, REPUBLIC OF IRELAND

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1 GULLABA FOREST & LAKE COUNTY KERRY, REPUBLIC OF IRELAND Hectares / Acres John Clegg & Co CHARTERED SURVEYORS & FORESTRY AGENTS

2 Gullaba Forest - Co. Kerry 2 Rutland Square Edinburgh EH1 2AS Tel Fax edinburgh@johnclegg.co.uk ± This plan is only for the guidance of intending purchasers. Although believed to be correct, its accuracy is not guranteed and it does not form any part of any contract. Includes Ordance Survey Ireland Data reproduced under OSI License No. EN Unauthorised reproduction infringes Ordance Survey Ireland and government copyright Ordance Survey Ireland Gullaba Forest - Co. Kerry 5,000 2, ,000 Meters

3 GULLABA FOREST & LAKE Hectares / Acres An opportunity to acquire a diverse forest and Lake surrounded by outstanding scenery in Co. Kerry within the south west of the Republic of Ireland. FOR SALE BY PRIVATE TREATY Offers Over 485,000 Ganly Walters 8-34 Percy Place, Dublin 4, Ireland Tel: Ref: Robert Ganly JOINT SELLING AGENTS John Clegg & Co 2 Rutland Square, Edinburgh, EH1 2AS, UK Tel: +44 (0) Ref: Patrick Porteous

4 LOCATION Gullaba Forest and Coomclogherane Lake are situated in the heart of the stunningly beautiful County of Kerry in the south west of the Republic of Ireland. The property lies to the south east of Kenmare and approximately 10 minutes drive south of the village of Kilgarvan. Cork International Airport, which provides regular flights from a variety of locations, is approximately one hour s drive to the east by car. Kerry Airport is also within an hour s drive. ACCESS From the village of Kilgarvan, turn south off the R9569 onto the minor public road signposted Bantry, just opposite the fuel station. Continue south for approximately 3 miles to the junction, turning right where signposted Macaura s Grave. Continue up this road to reach the access into Gullaba Forest, shown on the sale plan. Follow the private access road (shown in red) to the edge of the forest, adjacent to the Kerry County Council water treatment tank. Continue through the access gates onto the internal forest road network, which provides good access to the north and south of the forest and to Coomclogherane Lake, located to the south of the property. The owner has created a four wheel drive/atv track, which provides access up to the top (eastern) boundary and also down to parts of the Lake, which is useful for carrying out fence repairs. Material can be found on site for carrying out road repairs and any further extensions that are required to the access tracks. The forest also has the potential for access to be taken out to the north-east, linking with other commercial woodland properties in the future. DESCRIPTION The forest was established approximately 22 years ago with Sitka spruce (the main crop species) and areas of Scots pine, Lodgepole pine and mixed broadleaves. Following some remedial fertilising, the crop is now established and will provide a good crop for the future. The areas of mixed broadleaves have also established successfully and as well as adding to the diversity of the property, will provide a good supply of firewood. Amongst the woodland, there are open areas providing stunning views out to the north and to the Derrnasaggart Mountains. The forest is situated in a very secluded and sheltered location with the Lake being almost surrounded by hills. The Lake extends to approximately 8 Hectares / 19.7 Acres and provides a fresh water supply to Kilgarvan and Kenmare. There is potential to increase the volume of the Lake with a low dam (subject to consent), improving the fishing and volume of the catchment. The Lake is well stocked with Wild Brown trout, which whilst small in size, provide good challenging sport. The property is situated in a stunning and secluded location, yet very accessible to the surrounding villages and towns of County Kerry. It is an excellent property for the investor looking for long-term security and a property which can provide a lot of enjoyment. The current owner has not explored the potential for development within the property, which would add significant appeal to this property. SPORTING The owner has enjoyed some excellent sport over the past 22 years. Coomclogherane Lake provides some good sport fishing and the forest provides some good stalking with both Sika and Red deer and the occasional wild goat. It also provides some excellent woodcock in season. TIMBER MARKETS The property is well-served by the public road network. The south west of Ireland has a well-established market for timber, with various sawmills and timber processors lying within two hours drive. There is also a well-established contractor base within the forest industry, which can provide the full range of services required for forest management, harvesting, haulage and re-establishment operations. BOUNDARIES The boundaries are shown on the sale plan and whilst every effort has been taken as to their accuracy, the legal boundaries may vary slightly. The boundary is stock fenced and these are maintained at joint equal expense with the neighbouring proprietors, unless otherwise stated in the Folios/Titles. MINERAL RIGHTS The Mineral rights have been reserved by the previous owner.

5 WAYLEAVES & THIRD PARTY RIGHTS Kerry County Council have a 5 metre wide water pipeline wayleave commencing in Coomclogherane Lake and running down the western boundary of the forest to the water treatment tank located at the access. The wayleave then continues down the edge of the property, parallel with the river. The pipe is buried and this area has been sterilised. The property will be sold with the benefit of, and subject to, all existing rights and burdens within the Folios/Titles, including all Wayleaves and Third Party rights. WOODLAND GRANTS There are no grant schemes in place on the forest. Purchasers should make their own enquiries on the availability of grants for future forest management. Further information on the availability of grants for woodland management operations is available from the current Forest Manager, or through the following websites: grantsandpremiumschemes LEGAL PROCESS On acceptance of an offer(s) the vendor s solicitors will send the purchaser s solicitors a contract of sale. The purchaser s solicitors will then satisfy themselves that the contract accords with the property Title and that there are no adverse conditions. If satisfied, the purchaser will sign the contract and return this with a 10% deposit. The vendor will then sign the contract; however, until the vendor signs the contract he/she is not bound to sell and can withdraw from the sale and return the deposit. The purchaser has 28 days from the date of entry to pay Stamp Duty, which is calculated at 2% of the value of the property, (excluding growing timber value, which is currently exempt). In order to purchase a property in the Republic of Ireland, it is necessary to obtain an Irish Tax Number, known as a PPS Number. This is a simple procedure, which takes 2-3 weeks and is solely for Stamp Duty Tax purposes. VIEWING Viewing is by appointment and potential purchasers must contact John Clegg & Co s Edinburgh Office in advance of their intended visit. Viewings must be during daylight hours and potential purchasers must be in possession of a set of these sale particulars. For your own personal safety, please be aware of potential hazards within the woodland when viewing. JOINT SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh, EH1 2AS, UK; Tel: +44 (0) ; Fax: +44 (0) ; Ref: Patrick Porteous. Ganly Walters, 8-34 Percy Place, Dublin 4, Ireland; Tel: ; Ref: Robert Ganly. OFFERS If you are interested in this property and would like to note your interest or make an offer, it is important that you notify the Selling Agents by or letter. SELLER S SOLICITORS P.J. O Driscoll & Sons, 73 South Mall, Cork, T12 YF25, Ireland. Tel: ; Fax Ref: Anne O Driscoll. We recommend this is done in advance of purchasing any property in the Republic of Ireland to avoid any unnecessary delay or a penalty. TAXATION In the Republic of Ireland all revenue from timber sales and forestry grant income is Income and Corporation Tax free at present. There is no Capital Gains Tax (CGT) on growing or felled timber, although it is chargeable on the land. VAT is charged on forestry work and timber sales, although its effect is usually neutral if the property is managed as a business.

6 IMPORTANT NOTICE John Clegg & Co and Ganly Walters, its members, employees and clients give notice that: 1. These particulars (revised in April 2017) 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 purposes only. John Clegg & Co/Ganly Walters 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 /Ganly Walters 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. 3. The sellers do not make or give, and neither John Clegg & Co/Ganly Walters nor its members, employees nor any joint agent have any authority to make or give, any representation or warranty in relation to the property unless incorporated within a contract for sale in the Law Society of Ireland standard format. 4. The property (which may be subject to rights of way, servitudes, wayleaves and others) will be sold as per the title deeds or folios, 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/Ganly Walters in good faith, but purchasers should rely on their own enquiries into those matters. 6. Prospective purchasers should be aware of the influences Wildlife habitat, and any statutory designations, may have on the property, including rights of public access under current legislation. 7. 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/Ganly alters or their joint selling agents will be responsible for any costs incurred by interested parties..

7

8 John Clegg & Co England: Scotland: Wales: John Clegg & Co is a trading name of Strutt & Parker LLP, a limited liability partnership, registered in England and Wales with registered number OC Its registered office is at 13 Hill Street, Berkeley Square, London W1J 5LQ.

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