FORNETY FARM WOOD By Newburgh, Aberdeenshire Hectares/ Acres

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1 FORNETY FARM WOOD By Newburgh, Aberdeenshire Hectares/ Acres John Clegg & Co CHARTERED SURVEYORS & FORESTRY AGENTS

2 FORNETY FARM WOOD Newburgh 1 mile Ellon 4 miles Aberdeen 14 miles Edinburgh 140 miles (Distances are approximate)

3 FORNETY FARM WOOD Hectares/ Acres A highly productive area of former arable farmland established with a range of tree species, providing income from the sale of foliage and timber in the future. Excellent location with potential for residential housing development, close to Ellon and within easy reach of Aberdeen. Sporting rights included. FREEHOLD FOR SALE AS A WHOLE WITH A LEASEBACK Offers Over 550,000 SOLE SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS Tel: Fax: Ref: Patrick Porteous

4 LOCATION Fornety Farm Wood is situated approximately 14 miles north of the City of Aberdeen with its international airport and excellent transport links to the rest of the country. The pretty market town of Ellon lies just 4 miles to the north of Fornety and, with the coastal village of Newburgh just 1 mile to the east, there is excellent access to the many beaches along the coast. The property also sits within the proposed low-carbon, sustainable development corridor known as Energetica, which is supported by Scottish Enterprise, Aberdeen City Council and Aberdeenshire Council. 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 38, Grid Reference NJ ACCESS From the City of Aberdeen follow the A90 trunk road north to Fountainbleau and, just beyond the B9000 junction, turn right on to the single track public road leading to Mill of Tarty. Fornety Farm Wood straddles this section of the public road. A private access track leads up to a cluster of houses known as Fornety, situated within the eastern section of the property. There are several access points into the woodland off the public and private access to Fornety. As shown on the sale plan, part of the land adjoining the A90 trunk road (shaded yellow) has been the subject of a Compulsory Purchase Order to widen and improve this section of the road. The new design and layout will greatly improve the existing access on to the A90. DESCRIPTION The property extends to a total area of hectares of former arable farmland, which was acquired in 1999 and planted with Noble fir, Nordmann fir, Norway spruce and areas of mixed broadleaves. The Noble fir crop is now producing an annual harvest of foliage for which there is considerable demand in the floristry (flower/wreath) market The owners expect a future annual harvest of tonnes of foliage from the Noble fir until it reaches the age of years, when the crop will be ready for felling. This will provide an excellent annual income stream as the sellers are interested in continuing with this operation on a leaseback arrangement. Species Planting Year Area (Ha) Noble fir Scots pine Nordmann Fir/Norway Spruce Mixed broadleaves Unplanted 6.64 Total The Nordmann Fir is being grown for the Christmas Tree market and is excluded from the sale. This will be harvested by the sellers and the remaining Norway spruce growing amongst the Nordmann Fir, will continue to be grown on as a commercial crop. There is also the opportunity to utilise the areas on which the Nordmann Fir was growing for further Christmas Tree production, or other tree crops such as high yielding Sitka spruce. There is an excellent network of access tracks and rides throughout the woodland used for management. The additional areas of mixed broadleaves add diversity and provide habitat for wildlife and a future supply of fuelwood. The woodland is divided into three manageable units with excellent access to all areas and includes two ponds, situated in the southern section, where an area of wetland habitat has been created. LEASEBACK The seller would like to enter into a leaseback arrangement with the purchaser to allow them to continue to manage and harvest the Noble fir foliage. This will include the right to harvest the remaining Nordmann fir Christmas trees within the property. The seller will prepare a mutually agreeable lease on the entire subjects, which will run for a minimum period of 5 years, possibly longer if desirable, which the purchaser will be required to enter into prior to the conclusion of missives and date of entry. In return for this lease, the sellers will pay an annual rent of 25,000. For further information, please contact the Selling Agents. DEVELOPMENT POTENTIAL Independent planning consultants have identified the potential for creating a new low-carbon housing development and associated Combined Heat and Power (CHP) biomass fuelled energy supply within Fornety Farm Wood. The concept fits well with the principles of the Energetica Corridor Strategy between Aberdeen and Peterhead. Fornety is also situated within the Aberdeen Housing Market Area, with its excellent employment opportunities, transport links and local services.

5 The additional benefits of utilising the woodland for the production of biomass, adds significant potential to the planning and development opportunities on this site. A copy of the feasibility study produced by the independent consultants is available upon request from the Selling Agents. DEVELOPMENT CLAWBACK A clawback (Standard Security) is to be granted by the purchaser in favour of the seller to secure 30% of the uplift in value of the property arising from any planning consent for residential or commercial development. This is to cover any change of use on the land within a period of 20 years from the date of entry. For further information, please contact the Selling Agents. SPORTING RIGHTS The sporting rights are included in the sale with vacant possession. The owners have enjoyed some Roe deer stalking as well as some excellent rough shooting in season for woodcock and pheasant. The ponds also provide good wildfowling and the wetland creates habitat for wildlife. MINERAL RIGHTS Mineral rights are included in the sale, except as reserved by Statute, or in terms of the Titles. WAYLEAVES & THIRD PARTY RIGHTS The proprietors of the various residential dwellings located in the centre of Fornety Farm Wood enjoy a servitude right of access over the route shown on the sale plan A1-A2. Maintenance is according to user. There are existing public rights of way and servitude/wayleaves passing through parts of the property. The property will be sold with the benefit of and subject to all existing rights and burdens within the Titles For further information on current grants available for woodland management, please visit the FCS and Scottish Government websites: AUTHORITIES Forestry Commission Scotland Grampian Conservancy Ordiquhill Portsoy Road Huntly, AB54 4SJ Tel: Aberdeenshire Council Woodhill House Westburn Road Aberdeen AB16 5GB Tel: BOUNDARIES The boundaries of the property are shown on the sale plan and the majority of the woodland is enclosed within rabbit and deer fences. A new boundary fence is to be erected by the Highways Authority along the boundary of the A90 Road Improvement Zone, shown on the sale plan, when this takes place. Please note that the sale plan is indicative only and boundaries can be defined by reference to Title No. ABN SERVICES The property is well served by mains electricity, telephone lines and a water supply. WOODLAND GRANT SCHEME OBLIGATIONS The Noble fir and mixed broadleaves were established under a Woodland Grant Scheme, which has now expired. There are no further contract obligations. 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 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 Agent.

6 SOLE SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh, EH1 2AS. Tel: ; Fax: Ref: Patrick Porteous. SELLER S SOLICITORS Ledingham Chalmers LLP, Kintail House, Beechwood Business Park, Inverness, IV2 3BW. Tel: ; Fax: Ref: John Smart. 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 LLP, its members, employees and clients give notice that: 1. These particulars (prepared in June 2015) 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 LLP 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 LLP 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 LLP 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 LLP 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 LLP will be responsible for any costs incurred by interested parties.

7 Key Excluded from sale A2 A1 Ponds FORNETY FARM WOOD NEWBURGH ABERDEENSHIRE Sole Selling Agents John Clegg & Co N Chartered Surveyors & Forestry Agents 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 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 metres

8 John Clegg & Co England: Scotland: Wales: John Clegg & Co LLP is a limited liability partnership registered in Scotland (No. SO302718) whose registered office is at 2 Rutland Square, Edinburgh, EH1 2AS