A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 1

John Clegg & Co LEDMORE FOREST Ledmore, 1,037.58 Hectares/2,563.86 Acres FREEHOLD FOR SALE AS A WHOLE OR IN THREE LOTS

www.johnclegg.co.uk Chartered Surveyors A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 2

of Ness / 9 Port Nis A9 ll A838 A836 ribo Bettyhill Sinclair’s Bay A838 L E ope Tongue A H A882 9 L Kyle of North-west Loch 7 Tongue Loyal r o Wick Sutherland 89 ave A hurs N T Scourie R er iv Eddrachillis A894 R A99 Bay Altnaharra ye Peninsula / Lybster An Rubha MINCH 6 L Naver 83 Kinbrace A A837 Dunbeath A 8 Enard 38 A9 Bay Lochinver NORTH Inchnadamph - 3 hour Helmsdale s Ledmore Lairg A835 A837 A839 Oykel 9 TH Bridge A83 IR

in A9 Brora

6 F h R 3 R Oykel S 8 A837 A LEDMORE Golspie Y Ullapool n L B ro A8 FOREST ar A949 rth MORA 32 C Fi roo R ch rno m o Dornoch A836 D Fionn Loch A835 Gairloch Loch M A9 aree Lossiemouth Alness A832 Loch Invergordon Spey Bay Cullen sh Fannich h A942 Firt Buckie B A862 Cromarty Elgin A832 B A Rona Kinlochewe la 96 98 Portsoy ck Dingwall A y Wt A832 a Cromarty Nairn A834 A9 A941 Achnasheen Fortrose y A896 96 Forres d A835 A Abe n Spe Keith u Shieldaig Muir of Ord 95 o Rothes R A

A940 A97 S A890 rn A95 ai r uly N Charlestown e ea R A n B 2 of Aberlour 6 93 n A8 I HIGHLAHIGHLHIGHLAND R A920 9 3 2 Loch 8 R Farrar 3 A Loch Monar A 9 Lochcarron Carron A9 Huntly 6 A8 Dufftown asay 0 lass 9 Loch A8 A831 A941 Mullardoch R G Scalpay Kyle of Lochalsh / Grantown -on-Spey Caol Loch Aillse 8 A95 A93 7 87 A A9 Carrbridge / In Invermoriston Tomintoul River on h Ness Drochaid Chàrr ey D 87 c p A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 3

Ullapool 15 miles Bonar Bridge 33 miles Inverness 71 miles Edinburgh 225 miles (Distances are approximate)

SOLE SELLING AGENTS SELLER’S SOLICITORS John Clegg & Co Harper Macleod LLP 2 Rutland Square 45 Gordon Street Edinburgh EH1 2AS Glasgow G1 3PE Tel: 0131 229 8800 Tel: 0141 221 8888 Fax: 0131 229 4827 Fax: 0141 226 4198 Ref: Patrick Porteous Ref: Ameeta Panesar

An opportunity to acquire a diverse mix of forest and hill ground with excellent deer stalking within the stunning scenery of the North West Highlands. Full sporting rights included with loch fishing. Active marble and lime quarry.

LOCATION ACCESS Ledmore Forest is situated next to Ledmore Junction where the A835 from Ullapool meets the A837 heading north to Lochinver or south east to Rosehall. The property is surrounded LOT 1 by stunning scenery and impressive hills with Inverpolly to the west and Inchnadamph to The property is very accessible, being situated next to the A837 public road with access the north. This area forms part of one of the oldest land masses in Europe with geology from Point A1 to the Ledmore Marble Quarry at Point A2. From this point the track unique to this area. A limestone rich seam runs through part of the property on which the reverts to an ATV track to Point A3 and out onto the open hill. active marble quarry is situated. Access through the quarry is restricted and all visitors should report to the quarry manager’s For access to the forest please refer to the location and sale plans. The property can also be office Tel 01854 666 264. The main access route is shared with the quarry tenant, with found on OS Sheet No.15, Grid Reference NC 245 115. maintenance according to user. There is a secondary access route into Lot 1 from the south at Point A4, providing access to the former picnic site, which could be utilised for the extraction of timber from the adjacent conifer shelter belt. A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 4

LOTS 2 & 3 Access is taken into Lots 2 and 3 at Point A5 from the A837 public road, crossing over the Lot 2 Planted Area (ha) Ledmore River. The forest access track continues on to Point A6 and then reverts to a SS/LP Woodland 1987 15.12 pedestrian/ATV track at Point A7 down to the loch edge at Point A8. This route is used Native Broadleaves 1988 4.06 by the neighbouring estate for access to Loch Urigill for fishing with shared maintenance. Grazing Land 17.02 Unplanted 10.64 Total 46.84 Road stone is available from the working quarry as well as other locations within Lot 1 for maintenance of tracks. LOT 3 - GUIDE PRICE: £590,000 The majority of the forest was planted with Sitka spruce in mixture with Lodgepole pine DESCRIPTION between 1984-1988, extending to a total area of 599.53 hectares/1481.43 acres, leaving extensive internal unplanted areas scattered throughout the forest, which are interlinked by LOT 1 - GUIDE PRICE: £275,000 a series of rides. Most of these areas lie on peat with small dubh (black) lochans creating The hill ground extends to 391.21 hectares/966.67 acres of unimproved upland heath an interesting habitat, particularly to the south of the forest where some restoration of the rising to an altitude of 400m above sea level. Part of the hill benefits from the limestone wetland has taken place in the past. seam that runs through the property with areas of richer grassland. The quarry was developed in 1991 and continues to be worked by the current tenant, Ledmore Marble Although the entire property is deer fenced there is some very challenging stalking to be had Ltd, who originally intended extracting marble stone and now concentrate on actively within the forest with Red, Roe and Sika deer. Felling should not be anticipated for at least quarrying decorative aggregate and lime as a bi-product of the quarrying operation. 10-15 years. Purchasers should also be aware that part of the woodland was planted with The hill ground has been leased to the neighbouring estate on annual basis, which has FC research trial plots of different stocking densities and species to assess establishment in provided some very productive hill stalking for red stags, averaging 6 stags per annum. this area. The Forestry Commission will continue to monitor these research plots indefinitely. For further information on these and crop information please contact the The soil and site conditions vary considerably within the property, providing opportunities Selling Agents. for native woodland establishment around the south western face of the hill ground or to the north east adjacent to Feur Loch. Lot 3 Planted Area (ha) LP 1984 - 1988 135.54 SS " 127.86 Lot 1 Planted Area (ha) MC " 8.90 SS/LP Woodland 1965 1.71 SP " 1.14 Hill Ground 342.9 Native Broadleaves " 13.26 Ledmore Quarry 46.6 Mixed Broadleaves " 1.23 Total 391.21 Unplanted 311.6 Total 599.53 LOT 2 - GUIDE PRICE: £85,000 This Lot has a mixture of mid rotation Sitka spruce and Lodgepole pine planted between NB 1987 – 1988, extending to a total of 46.84 hectares/115.74 acres. Included within this lot Approximately 42 ha of mixed conifer and 2.45 ha of native broadleaves within Lot 3 are is 17.0 hectares/42.0 acres of improved and unimproved grassland. which has been grazed located within the Research Plots, shown hatched on the sale plan. on an annual grazing licence by a local farmer. The mix of woodland, pasture and riparian trout fishing rights presents a purchaser with an interesting property surrounded by stunning scenery. A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 5

SPORTING RIGHTS BOUNDARIES The boundaries of Lot 1 are unfenced. Where deer fences exist around Lots 2 and 3 they LOT 1 are generally held back from the natural/legal boundaries and consequently the owner will The hill ground was the subject of a sporting lease to the neighbouring estate which ceased be responsible for fence maintenance and repair. The property will be sold according to on 15 February 2010. This provided an annual sporting rental income of £1,500 plus Title. The boundary of Lot 3 by Loch Urigill is set back 20ft (6.1m) from the edge of the VAT. Also included are the riparian fishing rights for brown trout on Feur Loch and the high water mark. Ledbeg River which flows out of this. Returns for the past 6 years’ show an average cull of 7 Stags, 6 Hinds and 4 Calves. WAYLEAVES AND THIRD PARTY RIGHTS

LOT 2 & 3 LOT 1 The sporting rights are included for both lots with Lot 2 enjoying riparian rights on the The Council own and maintain the mast situated at the top of the hill and require adjoining section of the Ledmore River for brown trout fishing. Lot 3 has riparian rights access to this on a regular basis for maintenance, using the route A1-A2-A3. on both Ledmore River and Loch Borralan as well as riparian rights on the Uidh Nan Caorach River, flowing out of Loch Urigill to the Ledmore River, for brown trout. There The tenant, Ledmore Marble Ltd, will continue to have full access rights to the quarry for are no deer cull figures available for Lots 2 and 3; however, these areas will provide very good all purposes during the duration of the lease. woodland stalking if deer numbers are allowed to develop. There is a lease in place over Lots 2 and 3; however, this will be terminated prior to entry. Scottish and Southern Energy have a wayleave agreement for overhead electricity lines situated along the southern edge of Lot 1. The fishing on Loch Borralan is very popular, as brown trout of up to 5lbs and Arctic char up to 1.5lbs have been caught. LOT 3 The Forestry Commission for (Research Branch) will retain a right of access to LEDMORE QUARRY their research plots within the forest to continue monitoring and sampling indefinitely. The quarry extends to an area of 46.60 hectares/115.14 acres within Lot 1 and is currently Purchasers must be aware that the Research plots must not carry out operations which leased to Ledmore Marble Ltd until 21 May 2015. There is an annual rent of £7,440.75 affect the ongoing research. The Research Branch will be required to contact the owners paid in advance, which is reviewed annually. On top of this there is a merging royalty rent in advance of all activities. For further information please contact the Selling Agents. of £0.41/tonne payable for all aggregate removed from the site. This includes a merging royalty rent of £4/tonne rising to £5.75/tonne and to £7.50/tonne, depending on the level The Forestry Commission for Scotland will also retain a right of access to Loch Urigill over of output of the sale of dimension stone exceeding 15 inches in size. Lime is also sold as a the route A5-A6-A7-A8 as well as the owner of Ledmore Estate, owners of Loch Urigill for bi-product of the quarrying operations. access to the Loch for fishing purposes only. Maintenance will be according to user.

The current planning consent for the quarry runs until 15 May 2020 and has a total of 36 VIEWING conditions attached to it, although none are considered to be onerous or restrictive. A Viewing is possible at any time during daylight hours so long as potential purchasers are Section 75 Agreement is in place with a restoration bond placed on the quarry tenancy. in possession of a set of these sale particulars. If you wish to take access through the quarry please report to the quarry manager’s office or call in advance - tel 01854 666 264. The tenant is obliged to adhere to the terms of the planning permission and to undertake Alternatively, access can be taken straight out onto the open hill, thus avoiding the quarry restoration works prior to termination of the tenancy. For further information please operations. contact the Selling Agents. There is a locked access gate adjacent to Point A5 and purchasers wishing vehicular access to view Lots 2 and 3 must contact the Selling Agents for the gate combination code. Viewers are requested to lock the gate at all times. A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 6

WOODLAND GRANTS IMPORTANT NOTICE There are no grant schemes in place and no transfer of obligations required. For further Particulars: These particulars are produced as a general outline only for information on current grants please visit the FCS and websites: the guidance of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute • www.forestry.gov.uk/scotland any part of an offer or Contract. Particulars prepared June 2010. • www.scotland.gov.uk/Topics/Rural/SRDP Measurements: Any areas, measurements, aspects or distances referred to are given as a GUIDE ONLY and may not be precise. If such details are fundamental MINERAL RIGHTS to a purchase, purchasers must rely on their own enquiries and should The mineral rights are included except as reserved by statute or in terms of the titles. note that the areas provided in the sale particulars may differ from the Title Deeds; however, the property will be sold as per the Title Deeds. CLOSING DATE Stocking Stocking details and/or schedules and stocking plans have been provided If you are interested in this property and would like us to notify you of a closing date, it is Schedules: by the sellers and are given for guidance only. Purchasers should important that you notify us in writing of your interest. Purchasers should note that the undertake their own surveys if precise areas are required. vendor’s solicitors will issue an offer to sell and will therefore accept a letter of intent with Photographs: The photograph/s (taken May 2010) depict only certain parts of the Heads of Terms as an offer on the closing date. property. It should therefore not be assumed that any felled timber/machinery/buildings; etc, photographed are included in the sale. TAXATION It should not be assumed that the property remains as shown in the At present, all revenue from timber sales is Income and Corporation Tax free. There is no photographs. No assumptions should be made with regard to parts of Capital Gains Tax on growing timber, although there may be a liability on the land. Under the property that have not been photographed. Please ask for further the Inheritance Tax regime, 100% Business Property Relief should be available on information if required. commercial woodlands. VAT is charged on forestry work and timber sales, although its Grant Schemes: Where any reference is made to grant schemes, planning permissions or effect is neutral if managed as a business. Government grants are received tax free with the potential uses, such information is given by John Clegg & Co LLP in exception of farm woodland and subsidy payments. good faith. Purchasers should, however, make their own enquiries into such matters prior to purchase. AUTHORITIES Descriptions: Descriptions of a property are subjective and the descriptions contained Forestry Commission The Highland Council herein are used in good faith as an opinion and not by way of statement Highland Conservancy Council Buildings of fact. ‘Woodlands’ Glenurquhart Road Warranty: The Seller does not make or give, and neither does John Clegg & Co Fodderty Way Inverness IV3 5NX LLP or any person in their employment, any authority to make or give Dingwall Tel: 01463 702 000 any representation or warranty in relation to this property. Ross-shire IV15 9XB Fax: 01463 702 111 Wildlife & Prospective purchasers should be aware of the Wildlife and Countryside Tel: 01349 862 144 Countryside Act 1981 and the Nature Conservation (Scotland) Act 2004, and to the Fax: 01349 866 624 Acts: influences and effects it has on rural properties. Public Liability: Parties inspecting the subjects for sale do so at their own risk. A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 7 A10946 Ledmore Forest:Layout 1 16/6/10 13:31 Page 8

LEDMORE FOREST

John Clegg & Co England: 01844 215800 Scotland: 0131 229 8800 Wales: 01600 715311 John Clegg & Co LLP is a limited liability partnership registered in Scotland (No. SO302718) whose registered office is at 2 Rutland Square, Edinburgh EH1 2AS A10946 Map:Layout 1 15/6/10 11:16 Page 1

Key A837 to Inchnadampf FCS research trial plots

This area leased to Ledmore Marble Ltd A2 A1 A3

Lot 1

A4 Mast

A835 to Ullapool

Lot 2

A5 A8 37 A6

A7

Lot 3 A8

Boundary is 20 feet (6.1m) from the HWM of the loch to B on A ar 83 Bridg 7 e

LEDMORE FOREST LEDMORE SUTHERLAND N Sole Selling Agents John Clegg & Co This plan is only for the guidance of intending Chartered Surveyors purchasers. Although believed to be correct, its accuracy is not guaranteed and it does not form 2 Rutland Square Edinburgh EH1 2AS any part of any contract. Reproduced by permission of Ordnance Survey = 1,000 metres Tel 0131 229 8800 Fax 0131 229 4827 on behalf of The Controller of Her Majesty’s Stationery Office Crown copyright. All rights email: [email protected] reserved. Licence number 100020416