HILL OF COLLITHIE FORESTNear Huntly, Aberdeenshire 117.36 Hectares / 290.00 Acres

HILL OFCOLLITHIEFOREST

Huntly 5 miles Aberdeen 42 miles Inverness 70 miles Edinburgh 146 miles(Distances are approximate)

HILL OF COLLITHIE FOREST 117.36 Hectares / 290.00 Acres

An excellent forest investment opportunity with a maturing timber crop and excellent access on to a public road and to timber markets. Sporting rights included with fishing on the adjoining Kirkney Water.

FREEHOLD FOR SALE AS A WHOLE

OFFERS OVER £1,375,000SOLE SELLING AGENTS

John Clegg & Co, 76 George Street, Edinburgh EH2 3BUTel: 0131 229 8800

Ref: Patrick Porteous MICFor

LOCATIONHill of Collithie Forest is located between Huntly and Gartly, close to the A97 in Aberdeenshire and is surrounded by a mixture of farmland and forestry within easy reach of the local timber market in the north east of Scotland.

The property is shown on the location and sale plans within these particulars and can be found on OS Sheet 1:50,000 Number 29, Grid Reference NJ 506 337.

ACCESSFollow the A97 public road south from Huntly towards Gartly to find the single track public road signposted Mytice. Turn on to this road and continue up the hill to reach the forest.

To date, all timber has been extracted to a spur road, located at point A1; or to the spur road and hard standing located at point A2. The current Long Term Forest Plan identifies the potential to create a new spur road into the centre of the forest for future timber extraction, although this is optional.

The public road which bisects the forest is an Approved Timber Transport Route on to the A97, serving a much larger forest catchment.

DESCRIPTION The forest was established in 1988 with Sitka spruce planted on the fertile free draining mineral soils. Sitka spruce covers 74% of the forest area with the remaining area divided between internal open ground, wayleaves and rides. In addition, there is a highly attractive area of ancient native broadleaves and some more recent mixed broadleaves located at the southern end of the forest, creating a haven for wildlife and adding significant diversity.

Some felling took place in 2008 closely followed by replanting in 2010 which is now establishing well, although some areas are competing with gorse growth. The majority of the maturing timber crop has been thinned with racks (1 in 8 row spacing) and side selective thinning. This has developed an excellent maturing crop with a Yield Class averaging 18 m3/ha/year.

The Long Term Forest Plan (LTFP) has approval to harvest the next phase (20.67 hectares) in 2025, followed by the next phase (26.91 hectares) in 2030. The upper edge of the forest has suffered some wind damage as a result of some recent felling within the neighbouring forest, but this appears to have stabilised.

Replanting is planned to maintain a similar percentage of spruce over the period of the LTFP; however, a purchaser could adjust the Plan to suit their own objectives.

The owner obtained planning consent for a house site to be located on the current hard standing within the centre of the property. This has lapsed; however, a purchaser could investigate reapplying for this if so desired.

Hill of Collithie will provide a purchaser with a compact, high quality forest investment with excellent growth and access to timber markets.

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

SPORTING RIGHTSThe sporting rights are included with vacant possession. This includes fishing for trout and salmon on the Kirkney Water River, which runs along the eastern boundary to the medium filum. This is a tributary of the River Bogie which flows into the River Deveron and is currently let to a syndicate in return for an annual rent of £800 until 31 March 2019.

There is also some excellent Roe deer stalking and rough shooting within the forest.

BOUNDARIESThe boundaries are identified by stock fences which are maintained at joint expense with the neighbouring proprietors with the exception of the public road and the Kirkney Water boundaries. The owner also has the right to hang a top net for deer control at their own expense.

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

WAYLEAVES & THIRD PARTY RIGHTSAn overhead electricity servitude passing through part of the forest provides access to the National Grid.

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

WOODLAND GRANTSThe Long Term Forest Plan will be transferred to the purchaser as part of the sale. For further information on current grants available please visit the FCS and Scottish Government websites:

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

AUTHORITIESForestry Commission ScotlandGrampian ConservancyPortsoy RoadHuntly AB24 4SLTel: 01466 794542

Aberdeenshire CouncilWoodhill HouseWestburn RoadAberdeen AB16 5GBTel: 08456 081 207

LOCATION Hill of Collithie Forest is located between Huntly and Gartly, close to the A97 in Aberdeenshire and is surrounded by a mixture of farmland and forestry within easy reach of the local timber market in the north east of Scotland. The property is shown on the location and sale plans within these particulars and can be found on OS Sheet 1:50,000 Number 29, Grid Reference NJ 506 337. ACCESS Follow the A97 public road south from Huntly towards Gartly to find the single track public road signposted Mytice. Turn on to this road and continue up the hill to reach the forest. To date, all timber has been extracted to a spur road, located at point A1; or to the spur road and hard standing located at point A2. The current Long Term Forest Plan identifies the potential to create a new spur road into the centre of the forest for future timber extraction, although this is optional. The public road which bisects the forest is an Approved Timber Transport Route on to the A97, serving a much larger forest catchment. DESCRIPTION The forest was established in 1988 with Sitka spruce planted on the fertile free draining mineral soils. Sitka spruce covers 74% of the forest area with the remaining area divided between internal open ground, wayleaves and rides. In addition, there is a highly attractive area of ancient native broadleaves and some more recent mixed broadleaves located at the southern end of the forest, creating a haven for wildlife and adding significant diversity. Some felling took place in 2008 closely followed by replanting in 2010 which is now establishing well, although some areas are competing with gorse growth. The majority of the maturing timber crop has been thinned with racks (1 in 8 row spacing) and side selective thinning. This has developed an excellent maturing crop with a Yield Class averaging 18 m3/ha/year. The Long Term Forest Plan (LTFP) has approval to harvest the next phase (20.67 hectares) in 2025, followed by the next phase (26.91 hectares) in 2030. The upper edge of the forest has suffered some wind damage as a result of some recent felling within the neighbouring forest, but this appears to have stabilised. Replanting is planned to maintain a similar percentage of spruce over the period of the LTFP; however, a purchaser could adjust the Plan to suit their own objectives. The owner obtained planning consent for a house site to be located on the current hard standing within the centre of the property. This has lapsed; however, a purchaser could investigate reapplying for this if so desired. Hill of Collithie will provide a purchaser with a compact, high quality forest investment with excellent growth and access to timber markets.

Further information, including compartment data and maps, is available from the Selling Agent upon request. SPORTING RIGHTS The sporting rights are included with vacant possession. This includes fishing for trout and salmon on the Kirkney Water River, which runs along the eastern boundary to the medium filum. This is a tributary of the River Bogie which flows into the River Deveron and is currently let to a syndicate in return for an annual rent of £800 until 31 March 2019. There is also some excellent Roe deer stalking and rough shooting within the forest. BOUNDARIES The boundaries are identified by stock fences which are maintained at joint expense with the neighbouring proprietors with the exception of the public road and the Kirkney Water boundaries. The owner also has the right to hang a top net for deer control at their own expense. MINERAL RIGHTS Mineral rights are included except as reserved by Statute or in terms of the Title. WAYLEAVES & THIRD PARTY RIGHTS An overhead electricity servitude passing through part of the forest provides access to the National Grid. The property will be sold with the benefit of, and subject to, all existing rights and burdens within the Title. WOODLAND GRANTS The Long Term Forest Plan will be transferred to the purchaser as part of the sale. For further information on current grants available please visit the FCS and Scottish Government websites:

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

AUTHORITIES Forestry Commission ScotlandGrampian Conservancy Portsoy Road Huntly AB24 4SL Tel: 01466 794542

Aberdeenshire CouncilWoodhill House Westburn Road Aberdeen AB16 5GB Tel: 08456 081 207

Species 1900 1988 1992 1995 2010 N/A Area (Ha)Sitka spruce 66.78 20.16 86.94Native broadleaves 10.42 0.48 0.55 2.30 13.75Mixed broadleaves 0.96 3.29 4.25Open ground/River 12.42 12.42Total 10.42 67.74 0.48 0.55 25.75 12.42 117.36

Planting Year

VIEWINGViewing 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.

OFFERSIf 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 LAUNDERINGAll 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 2017. Further information can be obtained from the Selling Agents.

SOLE SELLING AGENTSJohn Clegg & Co, 76 George Street, Edinburgh EH2 3BU; Tel: 0131 229 8800. Ref: Patrick Porteous.

SELLER’S SOLICITORSLindsays, Caledonian Exchange, 19A Canning Street, Edinburgh EH3 8HE; Tel: 0131 229 1212. Ref: Michael J Yellowlees.

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 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 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. 8. No warranty is given for the health of the trees within the property for sale.

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Sole Selling Agents

76 George Street Edinburgh EH2 3BUTel: 0131 229 8800

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

HILL OF COLLITHIE FORESTNr HUNTLY

ABERDEENSHIREN

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

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