TOLLISHILL. Nr Lauder, Scottish Borders Hectares / Acres. John Clegg & Co CHARTERED SURVEYORS & FORESTRY AGENTS

Transcription

1 TOLLISHILL Nr Lauder, Scottish Borders Hectares / Acres John Clegg & Co CHARTERED SURVEYORS & FORESTRY AGENTS

2 TOLLISHILL Lauder 8 miles Edinburgh 25 miles (Distances are approximate) Coldstream 30 miles

3 TOLLISHILL Hectares / Acres A solid commercial conifer plantation of Spruce, established in the mid-1980s and now approaching production. LEASEHOLD FOR SALE AS A WHOLE Offers Over 775,000 John Clegg & Co 2 Rutland Square, Edinburgh EH1 2AS Tel: Ref: Fenning Welstead JOINT SELLING AGENTS Savills Earn House, Broxden Business Park, Lamberkine Dr, Perth PH1 1RA Tel: Ref: Alastair Gemmell

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5 LOCATION Tollishill is situated some 3 miles north of the Carfraemill Hotel at the A68/A697 junction. The property is shown on the location and sale plans within this brochure and can also be found on OS map Sheet 1;50,000 Number 73. The entrance at the eastern side of the forest can be found at Grid Reference NT ACCESS From the A697 adjacent to the Carfraemill Hotel, follow the minor public road north towards Tollishill. At the Y junction, bear left climbing up to Hillhouse. Once through this farm area, turn right at point A1. This leads directly on to a private road northwards to point A2, where there is a gate into the forest and a turning area. The private access is by way of a formal legal servitude with rights to upgrade for forestry purposes. Maintenance is shared according to user. There is no developed internal access as yet. DESCRIPTION Tollishill was planted between 1984 and 1987 with virtually pure Sitka spruce. This has grown well and now forms a rapidly maturing crop that can be exploited for timber over the next 5 to 10 years. The north-eastern boundary of the forest has been partially felled to create an improved habit for Black grouse and as a boundary to the adjoining grouse moors. This re-spaced speckled crop does not detract from the very commercial plantation that forms the main part of this asset. Planting Year Species n/a Area (Ha) Sitka spruce Sitka spruce/open ground Native broadleaves Japanese larch Open ground Total Please note that the area of hectares is taken from a recent aerial photographic survey. The lease will be prepared according to the title documents which may record a slightly different area. LEASE TERMS Tollishill is being sold as leasehold. The basic terms of the lease are: Term: 99 years Rent Reviews: none Rent: peppercorn Use: forestry only The lease will terminate at any point after the 99 year period subject to the landlord giving at least six months notice in writing. The landlord can either regain possession of the entire leased subjects by paying compensation for crops growing at that stage or can wait for renunciation of individual sections of the leased subjects as and when they are harvested. It is anticipated that the tenant will, therefore, be able to exploit the existing crops and, possibly, three further rotations during the term of the lease. For further details on the lease terms please contact the Selling Agents. SPORTING RIGHTS The sporting rights will be retained by the Landlord. The forest adjoins actively managed grouse moorland and accordingly the Landlord wishes to keep control over wildlife management. Suitable arrangements for the control of animals injurious to trees will be agreed with the incoming Tenant. Further information may be obtained from the Selling Agents. BOUNDARIES The boundaries are generally demarcated by stock fences. Maintenance of these is on a joint and equal basis with the neighbouring proprietor. MINERAL RIGHTS The mineral rights will be reserved out of the lease, but the tenant will have full access to stone on site for the purpose of road construction and maintenance. This will be available free of charge. WAYLEAVES & THIRD PARTY RIGHTS The property will be leased with the benefit of, and subject to, all existing title conditions, servitude and wayleave rights whether public or private and all burdens whether contained within the Title Deeds or otherwise. The purchaser(s) will be held to have satisfied themselves as to the nature of all such servitude rights and others following examination of the Title Deeds. The property will also be leased subject to the rights of public access under the Land Reform (Scotland) Act WOODLAND GRANTS The forest was subject to an SFGS Scheme (Reference ) which covered the modification to the north-eastern boundary. This scheme is now closed. There is no current grant scheme in place. For further information on current grants available for woodland management, please visit the FCS and Scottish Government websites: AUTHORITIES Forestry Commission Scotland South Scotland Conservancy Weavers Court Forest Mill Selkirk TD7 5NY Tel: Scottish Borders Council Council Headquarters Newtown St. Boswells Melrose TD6 0SA Tel: 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. There is a combination lock on the gate and parties wishing to view are required to contact the Selling Agents to get the combination code. Please close all gates at all times and for your own personal safety please be aware of potential hazards within the woodland 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 with certified proof of identity of the offeror and his/her residential address, before acceptance of the offer can be confirmed. Further information can be obtained from the Selling Agents, or from HMRC at:

6 JOINT SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS; Tel: Ref: Fenning Welstead. Savills, Earn House, Broxden Business Park, Lamberkine Dr, Perth PH1 1RA Tel: Ref: Alastair Gemmell. SELLER S SOLICITORS Gillespie MacAndrew, 5 Atholl Crescent, Edinburgh, EH3 8EJ; Tel: Ref: Alan White. 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 & Savills (here after referred to as the Joint Selling Agents), their members, employees and clients give notice that: 1. These particulars (prepared in August 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. The Joint Selling Agents 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 the Joint Selling Agents 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 the Joint Selling Agents 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 the Joint Selling Agents 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 the Joint Selling Agents will be responsible for any costs incurred by interested parties.

7 TOLLISHILL CARFRAEMILL SCOTTISH BORDERS Sole Selling Agents John Clegg & Co Chartered Surveyors & Forestry Agents 2 Rutland Square Edinburgh EH1 2AS Tel Fax edinburgh@johnclegg.co.uk N 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 A2 A metres

8 Tel Tel 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.