BALNAMOON FARM BY KEITH, MORAY

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1 BALNAMOON FARM BY KEITH, MORAY

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3 BALNAMOON FARM, BY KEITH, MORAY, AB55 6ND An outstanding mixed use farm with significant renewable energy income Keith 5 miles. Elgin 22 miles. Aberdeen 54 miles About ha (260 acres) Farmhouse Ground Floor: Hall. Sitting Room. Dining Room. Kitchen. Study. Bedroom. Shower Room. W.C. Utility Room. First Floor: 3 Double Bedrooms (1 En Suite). Playroom. Productive arable and grazing land in excellent heart Attractive detached traditional farmhouse Extensive range of traditional and modern farm buildings 11kW C&F wind turbine Rental Income from Enercon 800kW wind turbine Well fenced and in good heart Excellent access 5 Commerce Street Elgin Moray IV30 1BS elgin@galbraithgroup.com

4 and stairs to the first floor. The sitting room has a wood burning stove and ceiling cornicing. Opposite the sitting room is a dining room (currently used as a bedroom). The breakfasting kitchen has a range of wall and floor units with space for a dishwasher and fridge. It gives access to a rear hall and boot room. Also on the ground floor is a double bedroom, shower room, W.C./cloakroom and a study. From the study a staircase leads up to a play room and a bedroom. The main staircase gives access to a landing with generous storage cupboards. There area two good sized double bedrooms, both with walk in wardrobes and one with an en suite bathroom. The house benefits from oil central heating and double glazing. Adjoining the house is a bothy constructed of rendered block with a corrugated roof which consists of a storage room and a room occasionally used as a bedroom. The generous front garden is nicely enclosed by a stone wall and includes a gravelled driveway, an area of timber decking and a lawn. The rear garden is laid to lawn. Farm Buildings There is a good range of modern and traditional farm buildings at Balnamoon, comprising: Garage. About 3.92m x 13.85m Steel portal frame, box profile steel side cladding, cement fibre roof, concrete floor, lights and power, 2 roller shutters doors. Draff Shed. About 5.34m x 12.95m Timber frame under a cement fibre roof, tin side cladding, concrete block walling to 1.5m, concrete floor, lights and power. Switch Gear Shed. About 1.03m x 2.67m Harled block under a box profile steel roof, switch gear apparatus for 11kW C&F wind turbine. Workshop & Store. About 4.08m x 4.08m & 4.70m x 3.51m Stone under a tin roof, concrete floor, power and lights, work benches. Cattle Shed 1. About 12.2m x 29.4m Steel portal frame, reinforced box profile steel roof, concrete floor, part stone walls and Yorkshire boarding, power and lights, bull pen. Straw Shed. About 15m x 18.6m Steel portal frame, cement fibre roof, part box profile steel side cladding, full height sliding doors, hardcore floor, power ad lights. Cattle Shed 2. About 9m x 29m Block walling, concrete floor, box profile steel roof, 2 sliding doors. Cattle Shed 3. About 30m x 18.4m Steel portal frame, cement fibre roof, concrete floor, central feed pass, block walling to half height with ventilated side cladding, power, lights and water. Land Extending to a total of ha (260 acres) and sitting at a height of between 140m and 210m a.s.l, the land at Balnamoon has a gently undulating south easterly aspect. Divided between 16 principal enclosures together with GENERAL Balnamoon is a productive mixed use farm located in a quiet and peaceful setting and yet is only a short distance from Keith in the county of Moray. The local town of Keith offers a good range of amenities including a variety of shops, major supermarket, medical practice, hospital and A&E, primary and secondary schooling. The historic town is also host to the Keith Show, a popular agricultural event and has many sporting clubs including an 18-hole golf course, tennis courts, a bowling club, squash court, skate park, Stagestars Performing Arts and Gymnastics school, a sports hall, swimming pool with gym as well as a popular cricket and football club. The primary school at Crossroads is less than a mile from the farmhouse. There is a train station in Keith providing direct links to Elgin, Aberdeen and Inverness. The historic city of Elgin provides a comprehensive range of shops and amenities including large supermarkets and excellent shopping, a range of leisure facilities and a hospital whilst the surrounding area offers some highly regarded hotels, restaurants and historic local attractions. To the north, Cullen is a popular coastal village with a vibrant local community and a sailing / rowing club. The county of Moray (including the historic county of Banff) is famous for its mild climate, has a beautiful and varied countryside with a coastline of rich agricultural land, prosperous fishing villages and wide, open beaches. The upland areas to the South are sparsely populated and provide dramatic scenery, some of which forms the Cairngorm National Park. The unspoilt landscape provides a wide range of leisure and sporting opportunities including fishing and kayaking on the world famous Spey and Findhorn rivers, skiing at the Lecht and Cairngorm range, and walking. To the east lies Huntly (about 15 miles) which also has a good range of amenities and shops whilst Aberdeen International Airport is about 50 miles away offering regular domestic and international flights. Aberdeen is the oil capital of Europe providing all of the facilities one would expect from a cosmopolitan city including excellent shopping and a superb choice of restaurants, galleries, sports facilities and theatres. DESCRIPTION Balnamoon Farm is a highly productive mixed farm located in a very accessible position to the north of Keith. In recent years, the farm has operated as a livestock unit carrying up to 100 suckler cows and 400 breeding ewes however it has the potential to carry more. The predominant cropping has been grass for silage, hay and grazing together with soil improving fodder crops such as forage rape. Historically owned by the Duke of Fife, the farm was sold to the sitting tenant in 1923 with the title deeds reputed to have been signed by Queen Victoria s granddaughter, princess Louise Victoria Alexandra Dagmar. Since this time, the farm has been occupied by 5 farming families. Balnamoon Farmhouse Sitting at the heart of the farm is Balnamoon Farmhouse, an attractive traditional stone and slate built dwelling dating from the 1880 s. The house provides comfortable and well appointed accommodation over one and a half storeys. On the ground floor, the front door opens into an impressive entrance hall with a double height ceiling

5 established in the land for sale. The Seller will comply with the Statutory Management requirements and to maintain the farm in a good agricultural environmental condition, as laid down in the cross Compliance Rules of the Basic Payment Scheme, until the land is sold. OUTGOINGS Balnamoon Farmhouse has been assessed as Council Tax Band D. EPC RATING Balnamoon Farmhouse has an EPC rating of F. ACCESS From the public road, the property is accessed over a private farm track. A right of access exists in favour of Balnamoon Renewables Limited. may be routed over Balnamoon. It is understood to be an underground cable, however further details will be forthcoming as the final route has yet to be determined. VIEWING ARRANGEMENTS Viewings are strictly by prior arrangement with the selling agents. INTERNET WEBSITE This property and other properties offered by CKD Galbraith can be viewed on our website at www. ckdgalbraith.co.uk as well as our affiliated websites www. rightmove.co.uk and FIXTURES AND FITTINGS Any fitted carpets and curtains in the farmhouse are included in the sale. No other items are included unless specifically mentioned in these particulars. The wood burning stove in the kitchen is not included. Cattle handling equipment may be made available subject to separate negotiation. THIRD PARTY RIGHTS AND SERVITUDES The subjects are sold together with, and subject to, all existing rights of way, servitudes, wayleaves and others whether contained in the Title Deeds or otherwise, and purchasers will be deemed to have satisfied themselves in all respects thereof. There is a possibility that the Moray West Offshore Renewables Ltd wind farm connection smaller strips of woodland, ditches etc. the farm provides good quality arable and permanent pasture, ideal for use as a mixed farm. Although currently down to grass with brassicas grown on rotation, the majority of the holding is capable of producing high yields of spring and winter cereals. According to the James Hutton Institute (land capability classification), about two thirds of the farm has been classified as grade 3(2), with areas of 4(1), 4(2) and 5(1). A small burn, various copses and ditches all add to the overall amenity of what is a very attractive farm. The farm is currently in the second year of a 5 year Agri Environmental Climate Scheme (AECS) contract (Ref: 15AEC00300) which produces a grant income of 4, for the annual management of over wintered brassicas, mown grassland for birds, water margins for arable fields, water margins for grass fields and hedgerow management. The land is in excellent heart and has been very well maintained and operated over the years, an example of this culminating in the property being awarded the 2005 Silver Lapwing Award for conservation. Renewable Energy There is an 11kW C&F wind turbine which generates an income in the region of 4,500 per annum. In addition, an 800kW Enercon wind turbine is located on the farm and which is owned by Balnamoon Renewables Limited. The Company pays a rental figure of 6,000 per annum or 5% of the gross annual output, whichever figure is the greatest. There are two further sites on the farm suitable for wind turbines and for which Balnamoon Renewables Ltd are seeking planning permission. Should this be granted, lease arrangements on a similar basis to the existing turbine would be entered into (subject to agreement). DIRECTIONS From Keith, take the A95 towards Banff. After about 2.5 miles, turn left (at Auchinhove Farm) onto the B9018 sign posted to Cullen. After about 3 miles (passing through the hamlet of Grange Crossroads) turn left onto a private farm track which continues up to Balnamoon Farm. SERVICES Mains electricity. Private water supply. Private drainage. Oil fired central heating SOLICITORS Hewats, 63 King Street, Castle Douglas, DG7 1AG. Tel: LOCAL AUTHORITY Moray Council, Council Offices, High Street, Elgin, Moray. Tel: RURAL PAYMENTS AND INSPECTION DIRECTORATE (SGRPID) Alexander Fleming House, 8 Southfield Drive, Elgin, IV30 6GR. Tel: Farm Code 239/0117 BASIC PAYMENT SCHEME The majority of the land is eligible for claiming Basic Payments. The Basic Payment Scheme entitlements have been established by the seller and are not included in the sale of the land. A buyer(s) will take over and pay for at valuation the Basic Payment Scheme entitlements

6 MINERALS & SPORTING The minerals and sporting rights are included in the sale, insofar as they are owned. TIMBER All fallen and standing timber is included in the sale insofar as they are owned. Vacant possession and entry will be given on completion. POSSESSION AND ENTRY Vacant possession and entry will be given on completion. INGOING VALUATION The purchaser(s) shall, in addition to the purchase price obliged to take over and pay for at valuation to be agreed by a mutually appointed valuer(s) with respect to the following: All cultivations and growing crops on a seeds, labour, lime, fertiliser, sprays and machinery basis with an increment representing the enhanced value of the establishment and age of such crops. All hay, straw, fodder, roots and farmyard manure and other produce at market value. All oils, fuels, fertilisers, sprays, chemicals, seeds and sundries at cost. the interest will become payable on outstanding monies at 8% over the Bank of Scotland borrowing rate as adjusted from time to time. DEPOSIT A deposit of 10% of the purchase price shall be paid within seven days of the completion of Missives. The deposit will be non-refundable in the event of the purchaser(s) failing to pay the purchase price or failing to complete for reasons not attributable to the seller or the seller s agents. HEALTH & SAFETY The property is an agricultural holding and appropriate caution should be exercised at all times during inspection, particularly in reference to the farm buildings. MORTGAGE FINANCE CKD Galbraith are approved agents for the Agricultural Mortgage Corporation (AMC) and we can assist you in securing finance loans for a variety of farming purposes including the purchase of land and property, facilitate and reschedule debt, and to provide working capital for diverse creation, and improving on erected farm buildings. For further details and to discuss any proposals in connection please contact Robert Taylor on robert.taylor@ckdgalbraith.co.uk. Note: If the amount of the valuations has not been agreed on the date fixed for completion, then the purchaser shall pay to the seller such a sum as the selling agents shall certify on account at the valuation pending agreement. Should the payment not be made within seven days then

7 IMPORTANT NOTES 1 These particulars are intended to give a fair and overall description of the property. If any points are relevant to your interest, please ask for further information, prior to viewing. Prospective purchasers are advised to seek their own professional advice. 2 Areas, measurements and distances are given as a guide. Photographs depict only certain parts of the property. Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of services and appliances. 3 These particulars shall not be binding on our clients whether acted on or otherwise, unless the same is incorporated within a written document, signed by our clients or on their behalf, satisfying the requirements of Section 3 of The Requirements of Writing (Scotland) Act Closing Date A closing date may be fixed. Prospective purchasers who have notified their interest through lawyers to CKD Galbraith, in writing, will be advised of a closing date, unless the property has been sold previously. The Seller will not be obliged to accept the highest, or indeed any offer and has the right to accept an offer at any time or withdraw the property from the market. The Seller will not be liable for any costs incurred by interested parties. 5 Offers Formal offers in the acceptable Scottish form should be submitted, through a Scottish Lawyer, to CKD Galbraith, 5 Commerce Street, Elgin, IV30 1BS Third Party Rights and Servitudes The subjects are sold together with and subject to all existing rights of way, servitudes, wayleaves and others whether contained in the Title Deeds or otherwise, and purchasers will be deemed to have satisfied themselves in all respects thereof.

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