Bannockburn Forest , An attractive, mid-rotation commercial forest, For Sale by Private Treaty: conveniently located for ’s key timber processing markets, and enjoying spectacular views. Offers Over £400,000

Features Vendor’s Solicitor: ■■ Accessible commercial forestry investment opportunity Shepherd and Wedderburn LLP ■■ Sitka spruce dominated crop planted in 1995 1 Exchange Crescent ■■ Recently upgraded access road and turning area Conference Square ■■ Sporting rights included Edinburgh EH3 8UL

t: 0131 228 9900 Stirling six miles, Glasgow 33 miles, Edinburgh 44 miles f: 0131 228 1222 (distances are approximate) e: [email protected] In all 231.2 hectares (571.3 acres)

Introduction Access

Bannockburn is a reasonable quality commercial Travelling via the M9, take junction 9 on to the A872, forest located centrally for Scotland’s major timber following the signs for Stirling for approximately two miles processing markets. This is a property which before taking the first exit at the St. Ninan’s roundabout onto will attract those seeking to invest in productive the B8051. After approximately 300 yards, turn left onto commercial forestry with little additional expense Weavers Row, past the school and continue straight on for required prior to timber harvesting. just over half a mile before turning left over the M9. From here, the road leading from Polmaise to the north end of the Carron Valley Reservoir can be followed for approximately 4.5 miles to reach the entrance of Bannockburn Forest. Location & Timber Market Access is taken from the minor public road U062432 at the point marked A on the attached sales plan at Grid Reference Bannockburn is located approximately six miles NS 737 890. From here, the property is serviced by a Enquiries To: west of Stirling, within the scenic Gargunnock recently upgraded forest road as well as neighbouring Kings Hill range, with the upper reaches of the property Yett Forest to the east and Earlsburn Forest to the west. All providing expansive views of the Forth Valley and three properties have a common reciprocal servitude right the Earlsburn Reservoirs. Access is taken directly of access over this route, with maintenance being shared on onto the U062432 leading to the established an according to user basis. Those sections of road marked Raymond Henderson timber markets of central and southern Scotland. A to B and C to D on the sales plan are located within Location and site plans can be found towards the Bannockburn, while section B to C is within Kings Yett and t: 01738 630666 back of these particulars. section D to E is within Earlsburn. A right exists to extend the f: 01738 627264 existing route from point E over a forestry ride to point F. e: [email protected] The U062432 is recorded as an excluded route by the Area in Hectares While Bannockburn is dominated by Sitka spruce, the other Tayside and Stirling Timber Transport Group, however conifer species, broadleaves and open ground add attractive a conditional agreement has been reached with Stirling 4.27 amenity value in addition to the diversity required under 21.83 Council for it to be used by up to six timber lorry loads per modern forestry timber certification requirements. day, in consultation with the Council (full details available 15.27 through the Selling Agents). The topography will allow the majority of the crop to be HM-OG accessed by standard forestry harvesting equipment, 7.38 although some road extensions may be required to service 1.54 HM-Resp HM-OGparts of the property. Viewings & Closing Date HM-Resp MB MB 118.02 MCGrants may be available in the future under the Forestry Viewings may be undertaken at any time during daylight OGCommission’s Forestry Grant Scheme to support Forest hours, provided viewers are in possession of a set of these MC SSPlan production and other forest management activities. particulars. Viewers should note that the entrance gates SS/JLInformation on the grant scheme can be accessed through 62.89 OG will be locked and they should contact the Selling Agents to OG the following websites: arrange access. SS http://scotland.forestry.gov.uk/supporting/grants-and- Potential purchasers are advised to formally register their SS/JL regulations/forestry-grants and https://www.ruralpayments. interest, in order that they may be informed if a closing date org/publicsite/futures/ for offers is set. Key Sporting Rights Description HM-OG Open ground in Habitat Management Area 21.83Ha HM-Resp Respaced trees in Habitat Management Area 15.27Ha The Forest (231.2ha) Sporting rights are included in the sale, and are unlet. Roe Bannockburn Forest sits within the Gargunnock Hills, MB Mixed Broadleaves 7.38Ha deer and red grouse are present on site. overlooking the North Third Reservoir, and is planted on MC Mixed Conifers 1.54Ha slopes ranging in altitude from 190 to 418 metres above sea OG Open ground 62.89Ha level, with a predominantly south-easterly aspect. SS Sitka spruce 118.02Ha Boundaries and Minerals SS/JL Sitka spruce/Japanese larch mix 4.27Ha The Crop TOTAL 231.20Ha Bannockburn was planted in 1995, primarily with pure Sitka Much of the property adjoins other forestry, the boundaries spruce as well as small areas in mixture with Japanese of which are not fenced. Where adjacent to the open hill larch, areas of broadleaves and a small section of older or grazed land, boundary fences are maintained at joint mixed conifers. Crops have generally established well, with expense. Mineral rights are included in the sale so far as the growth rates reflecting the largely fertile nature of the soils Seller has rights thereto. and good natural drainage. There are sections of crop which Management were planted on wetter, peatier soils where growth rates are less good. No harvesting has been undertaken and there is no existing Forest Plan in place. As part of the nearby Earlsburn windfarm A compartment schedule for the crop, Title Deeds and other project, recent works have been carried out to create open relevant documentation can be obtained via the Selling ground at the upper part of the property and to respace crops Agents on request and a summary table of crop details is on part of the lower edge, along the riparian corridor and provided opposite. amongst some of the broadleaves. Taxation Deposit

Investors should be aware that timber income from A deposit of 10% of the purchase price will become payable commercial forestry is currently exempt from Income Tax to the Sellers within seven days after conclusion of missives. and that forestry businesses currently attract 100% relief Interest at 5% above the Bank of Scotland base rate shall from Inheritance Tax. In addition, forests have a low be payable on the purchase price from the date of entry until exposure to Capital Gains Tax because the value of the paid and that notwithstanding that the Purchaser may not growing crop is excluded from the assessment. have taken entry. If the Purchaser fails to make payment within 14 days of the date of entry, with all accrued interest, Prospective purchasers are strongly advised to consult their the Sellers shall be entitled to resile from the missives and Financial Advisors to ascertain how these tax concessions resell the subjects of sale without prejudice to his rights and may be of benefit to them. recover damages from the Purchaser.

Third Party Rights & Burdens

The property will be sold subject to, and with the benefits of, all servitude rights, burdens, reservations and any other third party rights howsoever constituted, however the following matters are of particular note: ■■ A Licence will be entered into between the Vendor and the Purchaser to facilitate habitat monitoring access by the Vendor for the areas of habitat management, agreed as part of the Earlsburn Windfarm Planning Agreements with brief Heads of Terms for such Licence available from the Vendor’s Solicitors. ■■ The property is not currently IACS registered. ■■ The proprietors of the other forest properties forming the Touchadam Muir complex, together with all other parties requiring access to adjoining properties, are entitled to construct, then use, a spur roadway suitable for forestry purposes from those sections of the route marked A-B, C-D and F-G to the northern and southern boundaries of the property on lines to be mutually agreed and subject to payment of compensation for any damage caused. ■■ No forestry grants or licences exist on this property.

The Title Deeds are available for inspection at the offices of the Vendor’s solicitors.

01738 630666 bidwells.co.uk

Authorities Agents Notes

Forestry Commission Stirling Council For clarification, we wish to inform prospective purchasers that we have prepared these sales particulars as a general guide. eW have not Scotland Viewforth carried out a survey. Given the potential hazards of a working forest we would ask you to be as vigilant as possible for your own personal Perth and Argyll Conservancy Stirling safety when making an inspection of this property. If communications, condition of the property, situation or other such factors are of particular Upper Battleby FK8 2ET importance to you, please discuss these priorities with us before arranging an appointment to view. This should avoid a wasted journey. Any Redgorton photographs displayed in these particulars depict only part of the property and it should not be assumed that the property remains as displayed Perth PH1 3EN t: 01786 443210 in the photographs. No assumptions should be made regarding other parts of the property that have not been photographed.The property being e: [email protected] open to inspection, the purchaser(s) shall be deemed to have full knowledge of the state and condition thereof and as to the ownership of any t: 0300 067 6005 boundary or part of the property.These particulars do not constitute an offer or contract of part thereof. Bidwells LLP do not make or give either f: 01738 827 819 in these particulars or during negotiations or otherwise, any warranty or representation whatever in relation to this property. All measurements e: [email protected] are given as a guide and no liability can be accepted for any errors arising therefrom. No responsibility is taken for any omission or miss- statement in these particulars. Bidwells LLP is a limited liability partnership registered in England & Wales (registered number OC344553). Registered head office is Bidwell House, Trumpington Road, Cambridge CB2 9LD, where a list of members is available for inspection.

Photographs were taken in September 2015

Particulars prepared in January 2016