15 dyer street cirencester gl7 2pp 15 dyer street...

www.johnclegg.co.uk

ESGAIRNANTAU FOREST

New Radnor, Powys

122.41 Hectares/302.48 Acres

A compact block of Sitka spruce. Part thinned and with sound roads. Well placed for timber markets.

OFFERED FOR SALE AS A WHOLE

Offers Over £1,750,000

15 Dyer Street Cirencester GL7 2PP Tel: 01844 291384 Email: [email protected]

15 Dyer Street, CirencesterGloucestershire GL7 2PPTel: 01844 291384Email: [email protected]

John Clegg & CoCHARTERED SURVEYORS & FORESTRY AGENTS

www.johnclegg.co.uk

ESGAIRNANTAU FOREST

England: 01844 291 384 Scotland: 0131 229 8800 Wales: 01600 730 735

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 4176965 and with registered office address at 5 Aldermanbury Square, London EC2V 7BP

Builth Wells 13 miles Kington 13 miles Hereford 30 miles (Distances are approximate)

SOLE SELLING AGENTS

John Clegg & Co, 15 Dyer Street, Cirencester Gloucestershire GL7 2PP Tel: 01844 291384 [email protected]

Ref: Tanya Gato MICFor

LOCATION Esgairnantau is situated 12 miles from the English border between Kington and Builth Wells, looking over the rolling hills of East Radnorshire. The property is shown on the location and sale plan to the rear of these particulars and can be found on OS Sheet 1:50,000 Number 148, Grid Reference SO 179 614, the centre of the property. ACCESS Esgairnantau takes its access from the A44 Kington to Rhayader road about 1.5 miles west of New Radnor at Grid Ref SO 194 592. There is a well-developed road servicing a Natural Resources Wales forest that leads over farmland and into the forest area. A small car park is close to the public road. The road continues through the NRW forest to the gate into Esgairnantau – shown A1–A4 on the sale plan. There are locked gates at points A3 and A4. Internal access has been developed throughout the forest and has been used for timber operations. Ample stone is available from an easily worked borrow pit in Cpt 2B2. Maintenance of the shared access is generally according to user but full details are available from the Selling Agents. DESCRIPTION Esgairnantau Forest was planted in the early 1990s with a mainly Sitka spruce crop. Elements of larch and Douglas fir complement the spruce and there are some small groups of mixed broadleaves. A summary of the crops is shown in the table below. Full details available from the Selling Agents.

Planting Year Species 1991 1992 blank Area (Ha) Douglas Fir 3.15 3.15 Japanese Larch 3.15 2.41 5.56 Mixed Broadleaves 2.25 1.48 3.73 Mixed Conifers 0.53 0.53 Sitka Spruce 59.18 31.21 90.39 Unplanted 18.20 18.20 Total 67.73 35.63 18.20 121.56

The underlying geology is Silurian Shales which support a well-drained brown earth over much of the site. At the northern end, parts of compartment 2, there is a thin layer of peat. Annual rainfall is around 1,000mm (40 inches). Drainage is assisted by the natural terrain. Yield classes in the northern third are in the range 12-14 but this improves considerably across the majority of the forest where yield class estimates are mainly 16, with some areas up to 18. These faster growing crops were thinned in 2016. This part of Wales is particularly favoured with markets for all product sizes. BSW Newbridge and Pontrilas sawmills are both within easy reach and there are a number of smaller processors in the area. The Kronospan mill at Chirk is about 90 miles to the north. Esgairnantau Forest offers an opportunity to acquire a solid spruce investment in a much favoured area of the country. SPORTING RIGHTS Included in the freehold. There are roe deer resident in the forest and an annual cull is taken in collaboration with the adjoining NRW woods. BOUNDARIES The boundary fences are the responsibility of the woodland owner. MINERAL RIGHTS Mineral rights are included except as reserved by Statute or in terms of the title. WINDFARM POTENTIAL A windfarm developer is exploring the vicinity and the land at Esgairnantau is included in the scoping exercise. Further details are available from the Selling Agents, subject to an NDA. It is the Sellers intention to retain an overage for a period of 20 years, reserving 30% of any subsequent rent, payment or income associated with renewable energy development for a period of 25 years from the date of triggering the overage. Further details may be obtained from the Selling Agents. WAYLEAVES & THIRD PARTY RIGHTS The property will be sold with the benefit of, and subject to, all existing rights and burdens with the title.

ESGAIRNANTAU FOREST



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. However, there are locked gates. Please, therefore, contact the Selling Agents in advance of your visit to arrange vehicular access. For your own personal safety please be aware of potential hazards within the woodland when viewing. PLANS AND AREAS These are based on the Ordnance Survey and are for reference only. The purchaser shall be deemed to have satisfied himself as to their accuracy and any error or mis-statement shall not annul the sale or entitle any party to compensation in respect thereof. METHOD OF SALE Esgairnantau Forest is offered for sale as a whole. Prospective purchasers should register their interest with the Selling Agents to whom offers should be submitted. Please contact our Cirencester office on 01844 291384. TENURE AND POSSESSION Freehold. Vacant possession will be given on completion. TAXATION After two years’ ownership, commercially managed woods qualify for 100% relief from Inheritance Tax. Timber sales are free of all Income Tax and do not attract Capital Gains Tax. In certain circumstances it is possible to roll-over Capital Gains into the proportion of the purchase price attributable to the value of the land.

ANTI MONEY LAUNDERING COMPLIANCE (AML) The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017. This requires us to undertake due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence and proof of source of funds for the purchase, before the transaction can proceed. Further information can be obtained via the following link: https://www.gov.uk/guidance/money-laundering-regulations-your-responsibilities For further information, please contact the Selling Agents. IMPORTANT NOTICE John Clegg & Co for themselves and for the vendors of this property, whose agents they are, give notice that: (1) These particulars do not constitute nor constitute any part of an offer of a contract (2) All statements contained in these particulars as to the property are made without responsibility on the part of John Clegg & Co or the vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) No warranty is given for the health of the trees within the property for sale. (6) The vendor does not make or give, and neither John Clegg & Co nor any person in their employment has any authority to make or give any representation or warranty in relation to this property. Particulars prepared February 2020.

ESGAIRNANTAU FOREST



ESGAIRNANTAU FOREST



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Sole Selling Agents

15 Dyer Street Cirencester GL7 2PPTel: 01844 291384

email: [email protected]

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 100020416

ESGAIRNANTAU

WALESN

ESGAIRNANTAU FOREST



ESGAIRNANTAU

ESGAIRNANTAU FOREST



John Clegg & CoCHARTERED SURVEYORS & FORESTRY AGENTS

Scotland: 0131 229 8800 England: 01844 291384 Wales: 01600 730735John 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 4176965 and with registered office address at 5 Aldermanbury Square, London EC2V 7BP

ESGAIRNANTAU FOREST



15 dyer street cirencester gl7 2pp 15 dyer street...

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