John Clegg & CoCHARTERED SURVEYORS & FORESTRY AGENTS

HOLMHEAD FOREST Near Moniaive, Dumfries & Galloway

222.28 Hectares/549.25 Acres

HOLMHEAD FOREST

Dumfries 22 miles M74 34 miles Carlisle 44 miles Glasgow 72 miles(Distances are approximate)

A highly productive commercial forest with a significant volume of maturing timber. Fertile land awaiting replanting of the next rotation. Excellent access on to an approved

timber transport route. Sporting rights.

FREEHOLD FOR SALE AS A WHOLE

OFFERS OVER £1,150,000

SOLE SELLING AGENTSJohn Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS

Tel: 0131 229 8800 Fax: 0131 229 4827Ref: Patrick Porteous MICFor

HOLMHEAD FOREST222.28 Hectares/549.25 Acres

LOCATIONHolmhead Forest is situated just east of St John’s Town of Dalry and west of the village of Moniaive in Dumfires & Galloway. In an area renowned for its excellent growing conditions and well located for access to established timber markets in the south west of Scotland.

The property is shown on the location and sale plans within these particulars and can be found on OS Sheet Number 77, Grid Reference NX 690 839.

ACCESSThe forest is part of a much larger forest complex with a shared forest access road leading off the A702, which runs along the southern boundary of part of the property.

Access is located at point A1, shown on the sale plan and leads on to a well-constructed forest road with a locked security barrier (unlocked to allow for viewings). The access road continues up to point A2 which leads into Margree Forest. Maintenance of this route will be according to user.

A new spur road has been constructed along to point A3, which facilitated the harvesting of the north eastern strip. There is also a short spur leading west to point A4, which is currently providing access for the construction of a new overhead electricity power line. Ample stone is available on site for further road construction and maintenance.

DESCRIPTION The timber crop on Holmhead was established with mainly high yielding Sitka spruce in two stages on fertile hill ground. This has generally grown well and has now reached a Yield Class of 22m3/Ha in parts of the forest.

The first phase of felling has now been completed and so far 26.85 hectares of the 106.60 hectares felled has been replanted.Leaving 79.95 hectares of the forest to be replanted by the purchaser. Sitka spruce is approved for replanting and will produce some excellent growth, especially with the use of genetically improved tree stock.

Some wind damage has occurred in the timber crop in recent years and the next phase of felling has been scheduled to take place around 2021. Followed by another two phases in 2026 and 2031 respectively, which can be altered to suit the owners objectives.

An overhead electricity wayleave is being constructed through part of the forest, which requires an unplanted corridor to be left open, extending to 50 metres in width and amounting to 9.07 hectares. This work is expected to be completed by the end of this year.

Further information, including compartment data and maps, is available from the Selling Agent upon request.

SPORTING RIGHTSThe sporting rights are included in the sale and currently let on an annual licence for the sum of £1,000 plus VAT. Both Red and Roe deer control is being carried out to protect the area replanted this year.

BOUNDARIESThe boundaries are generally defined by either stock fences or stone walls in varying condition. The boundaries against adjoining forestry plantations are not currently maintained. Boundaries that adjoin the open hill grazing land are maintained at joint equal expense with neighbouring proprietors. Please note that Regland Loch is not included and the boundary falls short of the water.

MINERAL RIGHTSMineral rights are included except as reserved by Statute or in terms of the Title.

WAYLEAVES & THIRD PARTY RIGHTSThere are third party rights of access in favour of the owners ofMargree Forest to the north between points A1-A2 on the sale plan. Maintenance is according to user.

A new overhead electricity wayleave servitude has been granted to Scottish Power Transmission Plc, as shown on the sale plan.

A one off payment has been paid and there are no further payments due. Further details are available from the Selling Agents.

A Scheduled Monument is located in the south western corner of the property and known as the White Cairn.

The property will be sold with the benefit of, and subject to, all existing rights and burdens within the Title.

WIND FARM DEVELOPMENTA Standard Security is in place on Holmhead Forest in favour of Margree Wind Energy Limited. This includes an Option to grant a lease for wind farm development access along the approximate route of the existing access, shown A1-A2 on the sale plan. Further details are available from the Selling Agents.

Further details are available from the Selling Agents.

The Purchaser shall enter into a clawback agreement with the Seller for the Seller to receive 25% of all income deriving from any wind farm development within the forest commencing within a period of 15 years from the date of entry. The clawback agreement will be secured by a standard security over the property in favour of the Seller.

WOODLAND MANAGEMENTA Long Term Forest Plan contract has been agreed for further felling of the maturing crop and the current managers have been planning replanting operations on areas previously felled. Further information is available from the Selling Agents upon request.

For further information on current grants available for forest management please visit the FCS and Scottish Government websites:

• http://www.forestry.gov.uk/scotland • https://www.ruralpayments.org/publicsite/futures

AUTHORITIESForestry Commission ScotlandSouth Scotland ConservancyWeavers CourtForest MillSelkirk TD7 5NYTel: 0300 067 6007

Dumfries & Galloway CouncilCouncil HQEnglish StreetDumfriesDG1 2DDTel: 03033 333 000

29/09/2017 14:07 LOCATION Holmhead Forest is situated just east of St John’s Town of Dalry and west of the village of Moniaive in Dumfires & Galloway. In an area renowned for its excellent growing conditions and well located for access to established timber markets in the south west of Scotland. The property is shown on the location and sale plans within these particulars and can be found on OS Sheet Number 77, Grid Reference NX 690 839. ACCESS The forest is part of a much larger forest complex with a shared forest access road leading off the A702, which runs along the southern boundary of part of the property. Access is located at point A1, shown on the sale plan and leads on to a well-constructed forest road with a locked security barrier (unlocked to allow for viewings). The access road continues up to point A2 which leads into Margree Forest. Maintenance of this route will be according to user. A new spur road has been constructed along to point A3, which facilitated the harvesting of the north eastern strip. There is also a short spur leading west to point A4, which is currently providing access for the construction of a new overhead electricity power line. Ample stone is available on site for further road construction and maintenance. DESCRIPTION The timber crop on Holmhead was established with mainly high yielding Sitka spruce in two stages on fertile hill ground. This has generally grown well and has now reached a Yield Class of 22m3/Ha in parts of the forest. The first phase of felling has now been completed and so far 26.85 hectares of the 106.60 hectares felled has been replanted. Leaving 79.95 hectares of the forest to be replanted by the purchaser. Sitka spruce is approved for replanting and will produce some excellent growth, especially with the use of genetically improved tree stock. Some wind damage has occurred in the timber crop in recent years and the next phase of felling has been scheduled to take place around 2021. Followed by another two phases in 2026 and 2031 respectively, which can be altered to suit the owners objectives.

An overhead electricity wayleave is being constructed through part of the forest, which requires an unplanted corridor to be left open, extending to 50 metres in width and amounting to 9.07 hectares. This work is expected to be completed by the end of this year.

Further information, including compartment data and maps, is available from the Selling Agent upon request. SPORTING RIGHTS The sporting rights are included in the sale and currently let on an annual licence for the sum of £1,000 plus VAT. Both Red and Roe deer control is being carried out to protect the area replanted this year. BOUNDARIES The boundaries are generally defined by either stock fences or stone walls in varying condition. The boundaries against adjoining forestry plantations are not currently maintained. Boundaries that adjoin the open hill grazing land are maintained at joint equal expense with neighbouring proprietors. Please note that Regland Loch is not included and the boundary falls short of the water. MINERAL RIGHTS Mineral rights are included except as reserved by Statute or in terms of the Title. WAYLEAVES & THIRD PARTY RIGHTS There are third party rights of access in favour of the owners of Margree Forest to the north between points A1-A2 on the sale plan. Maintenance is according to user. A new overhead electricity wayleave servitude has been granted to Scottish Power Transmission Plc, as shown on the sale plan.

A one off payment has been paid and there are no further payments due. Further details are available from the Selling Agents. A Scheduled Monument is located in the south western corner of the property and known as the White Cairn. The property will be sold with the benefit of, and subject to, all existing rights and burdens with the Title. WIND FARM DEVELOPMENT A Standard Security is in place on Holmhead Forest in favour of Margree Wind Energy Limited. This includes an Option to grant a lease for wind farm development access along the approximate route of the existing access, shown A1-A2 on the sale plan. The seller wishes to retain a clawback of twenty five percent 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 Option and timber compensation payments. WOODLAND MANAGEMENT A Long Term Forest Plan contract has been agreed for further felling of the maturing crop and the current managers have been planning replanting operations on areas previously felled. Further information is available from the Selling Agents upon request. For further information on current grants available for forest management please visit the FCS and Scottish Government websites:

http://www.forestry.gov.uk/scotland https://www.ruralpayments.org/publicsite/futures

AUTHORITIES Forestry Commission ScotlandSouth Scotland Conservancy Weavers Court Forest Mill Selkirk TD7 5NY Tel: 0300 067 6007

Dumfries & Galloway Council Council HQ English Street Dumfries DG1 2DD Tel: 03033 333 000

Species 1983 1988 2017 N/A Area (Ha)Sitka spruce 19.82 41.38 25.55 86.75Sitka/Mixed conifer 9.80 9.80Mixed broadleaves 0.10 1.30 1.40Broadleaves/Open ground 3.01 3.01Felled 79.75 79.75Electricity wayleave 9.07 9.07Open ground 32.50 32.50Total 19.82 54.29 26.85 121.32 222.28

Planting Year

VIEWINGViewing is possible at any time during daylight hours so long as potential purchasers are in possession of a copy of this brochure. Please contact the Selling Agents in advance of your visit to arrange a viewing. For your own personal safety please be aware that contractors are on site, constructing the electricity powerline. Please obey safety directions and avoid machinery and any potential hazards within the forest when viewing.

OFFERSIf 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 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 Agent, or from HMRC.

SOLE SELLING AGENTSJohn Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS; Tel: 0131 229 8800; Fax: 0131 229 4827.Ref: Patrick Porteous.

SELLER’S SOLICITORSTurcan Connell, Princes Exchange, 1 Earl Grey Street, Edinburgh EH3 9EE; Tel: 0131 228 8111; Fax: 0131 228 8118.Ref: Grierson Dunlop.

TAXATIONAt 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 NOTICEJohn Clegg & Co, its members, employees and their clients give notice that: 1. These particulars (prepared in September 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. 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 1995. 3. 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 2003. 7. 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.

A1

A2

A4

A702

A3

Key

Forest access road Electricity wayleave

0 100 500 1000metres

Sole Selling Agents

John Clegg & CoChartered Surveyors & Forestry Agents

2 Rutland Square Edinburgh EH1 2ASTel 0131 229 8800 Fax 0131 229 4827

email: 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 100020416

HOLMHEAD FORESTNEAR MONIAIVE

DUMFRIES & GALLOWAYN

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

John Clegg & CoEngland: 01844 291 384 Scotland: 0131 229 8800 Wales: 01600 730 735