KIRK HILL FOREST. Near Moffat, Dumfries & Galloway Hectares / Acres

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1 KIRK HILL FOREST Near Moffat, Dumfries & Galloway Hectares / Acres

2 KIRK HILL FOREST Moffat 9 miles Lockerbie 13 miles Dumfries 21 miles (Distances are approximate) Edinburgh 60 miles

3 KIRK HILL FOREST Hectares / Acres A highly attractive commercial forest investment opportunity, with a significant volume of maturing and harvestable timber. Good access to the local timber market. Potential wind energy project and sporting rights included. FREEHOLD FOR SALE AS A WHOLE OFFERS OVER 1,550,000 SOLE SELLING AGENTS John Clegg & Co, 76 George Street, Edinburgh EH2 3BU Tel: Ref: Patrick Porteous MICFor

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5 LOCATION Kirk Hill Forest is situated just 9 miles south-east of the popular market town of Moffat in South Scotland. It lies just to the west of Eskdalemuir Forest, the single largest forest complex in Scotland, within a region renowned for its well-established local timber market and good growing conditions. The property is shown on the location and sale plans within these particulars and can be found on OS Sheet 1:50,000 Number 78, Grid Reference NY This identifies the location of the access gate into Kirk Hill and the Laverhay Forest Complex. ACCESS From Moffat, head south on the minor public road to Wamphraygate and on the C102a to point A1, shown on the inset on the sale plan. Then head north towards Laverhay Farm to reach point A2. Pass through two farm gates and follow the forest access up to the entrance gate into Kirk Hill Forest and the Laverhay Forest Complex, shown at point A3. The forest access rights continue as far as point A4. The road is in the process of being upgraded within the forest complex. This includes modifying the public access road junction at point A1 so all timber can be hauled southwards on the C102a to the B723, an Approved Timber Haulage Route. The cost of this upgrading is being shared proportionally between the five forest properties, along with grant funding and a contribution from the local Council. The improvements include some realignment of the access through Laverhay Farm. Maintenance is shared between the five forest properties within the complex that use this route. The Kirk Hill Forest owner currently pays a 10% contribution towards these costs and will be covering the costs attributed to the current access improvements. There is an internal forest access track leading uphill from the forest road, which is only suitable for 4x4 vehicles. This will need to be improved for future access prior to timber harvesting. DESCRIPTION The forest was established between 1979 and 1983 with high yielding Sitka spruce and, to a much lesser extent, Norway spruce with a very small proportion of Douglas fir, Japanese larch and broadleaves. The spruce is growing well and achieving a high yield class, particularly on the lower slopes. However, growth is very uniform, even higher up the slopes, due to the good free-draining mineral soils and ideal climate for the growth of high yielding spruce crops. Felling of the lower slopes could be considered once upgrading of the access road has been completed. There are no felling plans approved, which gives the purchaser the opportunity to draw up harvesting plans to suit their own objectives for management. Further information, including compartment data and maps, is available from the Selling Agent upon request. Planting Year Species N/A Area (Ha) Sitka spruce Norway spruce Douglas fir/japanese larch Mixed broadleaves Open ground Total SPORTING RIGHTS The sporting rights are included with an annual shooting Licence, which provides a rent of 875 plus VAT. This expires on the 31 March 2019 but can be terminated upon sale and the rent reimbursed pro rata. There is limited deer stalking; however, once felling and replanting takes place, there will be some excellent woodland Roe deer stalking. RENEWABLE ENERGY PROJECT A five year Option Agreement has been entered into with Community Windpower Ltd who are investigating the potential for a wind farm development along the eastern ridge of the forest. The purchaser may, therefore, benefit from a consented scheme and potential income stream if this is granted planning permission. The seller wishes to retain a clawback of 25% of all income deriving from any wind farm development interests within the forest commencing within a period of 15 years from the date of entry, excluding any option or timber compensation payments. Please contact the Selling Agents for further information. BOUNDARIES Only the eastern boundary is fenced and we understand there is little pressure from livestock. Boundary fences, where required, are shared at joint mutual expense with the adjoining proprietor. MINERAL RIGHTS Mineral rights are included except as reserved by Statute or in terms of the Title. WAYLEAVES & THIRD PARTY RIGHTS The access road is shared with the five forest properties to the north of Kirk Hill within the Laverhay Forest Complex. Upgrading and maintenance costs are apportioned on the length of road required for access to each property as a percentage of the costs. The property will be sold with the benefit of, and subject to, all existing rights and burdens within the Title. WOODLAND GRANTS There are no grant schemes in place and no transfer of obligations required. For further information on current grants available please visit the FCS and Scottish Government websites: AUTHORITIES Forestry Commission Scotland South Scotland Conservancy Weavers Court Forest Mill Selkirk TD7 5NY Tel: Dumfries & Galloway Council Council HQ English Street Dumfries DG1 2DD 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. 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 forest when viewing.

6 OFFERS If you wish to make an offer or would like to be informed of a closing date for offers, it is important that you contact the Selling Agents to note your interest and to obtain the specific Anti- Money Laundering details that we require from a purchaser prior to accepting an offer. Please also be aware that all offers must be submitted in Scottish Legal Form before they can be formally accepted. FINANCIAL GUARANTEE/ANTI MONEY LAUNDERING All offers, whether cash or subject to loan finance, must be accompanied by a financial reference from a bank/funding source that is acceptable to the Selling Agents and to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the payer) Regulations Further information can be obtained from the Selling Agents. SOLE SELLING AGENTS John Clegg & Co, 76 George Street, Edinburgh EH2 3BU; Tel: Ref: Patrick Porteous. SELLER S SOLICITORS DWF LLP, 2 Lochrin Square, 96 Fountainbridge, Edinburgh EH3 9QA; Tel: Ref: Paul Mason. 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, its members, employees and their clients give notice that: 1. These particulars (prepared in July 2018) 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 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 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 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 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 will be responsible for any costs incurred by interested parties. 8. No warranty is given for the health of the trees within the property for sale.

7 KIRK HILL FOREST NR MOFFAT DUMFRIES & GALLOWAY Sole Selling Agents N 76 George Street Edinburgh EH2 3BU Tel: 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

8 England: Scotland: Wales: John Clegg & Co is the forestry division of Strutt & Parker, a trading style of BNP Paribas Real Estate Advisory & Property Management UK Ltd, a private limited company registered in England and Wales with registered number and with registered office address at 5 Aldermanbury Square, London EC2V 7BP