The Ramsaygrain East Forests Teviothead | Hawick | Scottish Borders 745.26 Hectares / 1,841.54 Acres

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THE RAMSAYGRAIN EAST FORESTS TEVIOTHEAD | HAWICK | SCOTTISH BORDERS 745.26 HECTARES / 1,841.54 ACRES

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THE RAMSAYGRAIN EAST FORESTS

745.26 HECTARES / 1,841.54 ACRES

A rare opportunity to acquire mid-rotation, large-scale,

commercial conifer forests of exceptional quality, set within a prime location in South Scotland.

• Substantial area of improved spruce with stands of YC30

• 92% of the conifer area comprises Sitka spruce

• Premier location

• Extensive high-quality internal forest road network

• Excellent access to timber processors via Agreed Timber Transport

Routes

• Average age class of the Lots – 13 to 15 years

FREEHOLD FOR SALE AS A WHOLE OR IN THREE LOTS

Offers Over £14,000,000

Lot 1 Commonbrae 149.36 Ha Offers Over £2.5m Lot 2 Ramsaygrain East 243.60 Ha Offers Over £4.5m Lot 3 Rashiegrain 352.30 Ha Offers Over £7m

GOLDCREST Land & Forestry Group 46 Charlotte Square, Edinburgh EH2 4HQ 0131 3786 122 www.goldcrestlfg.com Jon Lambert MRICS & Jock Galbraith MRICS

LOCATION

The Ramsaygrain East Forests are situated approximately 3 miles south-west of Teviothead and 12 miles south-west of the market town of Hawick, in the ancient Royal Burgh of Roxburgh, part of Scottish Borders Council Region. The area is famous for its cashmere and textile production, as well as its strong traditions in the sport of Rugby Union and the Annual Hawick Common Riding.

The three lots lie within the renowned Teviothead Forest Complex which adjoins the extensive Eskdalemuir Forest Complex. The properties benefit from excellent ground and climatic conditions, along with fast and easy access to major timber processing facilities. The Scottish Borders remain highly sought after by experienced forestry purchasers.

Lot 3

ACCESS

From Hawick, head south on the A7 for approximately 9 miles . At the signpost to Internally, there is an extensive high-quality forest road network serving all three Merrylaw turn right on to the D28/3 and follow this road for approximately 3 miles into lots. This is maintained on a ‘user’ basis with other forest owners in the complex. the forest complex and the entrance to Lot 1 - Commonbrae.

The grid reference at the entrance to Lot 1 is NT 373 018. The nearest post code is TD9 0PU.

Lot 3

Planting Year Lot 1 DESCRIPTION Species 1970s 1980s 1990s 2000s 2010s N/A Area (Ha)

In the recent past, the current owners have managed the three forests as two - namely Sitka spruce 5.91 8.73 45.56 22.79 82.99 Ramsaygrain East and Rashiegrain. The previous first rotation was planted in the early Sitka spruce / HL 22.24 22.24 1970 s with restructuring of the crops starting in the late 1990s continuing, more or less, Mixed broadleaves / OG 1.91 0.31 9.21 7.63 19.06 on an annual basis since. Norway spruce 0.73 4.91 5.64

Mixed broadleaves / NS 3.01 1.11 4.12 The main species for restocking has been genetically improved Sitka spruce, selected for Norway spruce 4.21 4.21 its suitability to the site and soil conditions, speed of growth, form and quality of crop. Not Sitka spruce / JL 1.04 1.04 only will the crop mature quicker with larger volumes, it is likely that with recent increases Scots pine 0.34 0.34 in timber prices, considerable revenue will be generated as the crops are thinned. Open ground 9.30 9.30 Total 7.19 5.91 12.05 79.16 35.33 9.30 148.94 The primary long-term vision has been to manage the property on a commercial basis, maximising sawlog content but also sequestering carbon. In addition, the owner has Planting Year maintained and where possible enhanced the amenity and conservation value of the forest Lot 2 within the constraints of the primary objective. Species 1970s 1990s 2000s 2010s 2020 N/A Area (Ha) Sitka spruce 0.24 18.40 108.00 44.89 20.41 191.94 The forests have been managed in accordance with the UK Forestry Standard and the UK Mixed broadleaves / OG 2.39 4.66 3.25 0.80 11.10 Woodland Assurance Standard. Norway spruce 1.63 7.92 ` 9.55 Restock 2.25 0.41 2.66 Native broadleaves have been used primarily to improve biodiversity and add structural Mixed broadleaves 2.11 2.11 diversity to the landscape. They have been planted in positions advantageous to following Norway spruce / JL 1.74 1.74 riparian areas and coupe boundaries. Groups of native mixed broadleaves have been Unplanted 0.21 0.21 planted throughout the forest, but there are also some small clusters of naturally occurring Norway spruce / HL 0.15 0.15 native broadleaves (mainly willow and alder). The native broadleaves will provide a future Open ground 20.41 20.41 seed source thereby promoting the development of further natural regeneration in the Total 4.12 20.79 120.58 48.29 23.36 22.73 239.87 forest.

Planting Year The overall quality of the three properties is exceptional. Establishment of the crops has Lot 3 been of the highest calibre and growth rates are excellent with some Yield Class Species 1969s 1970s 2000s 2010 -2019 N/A Area (Ha) measurements as high as 30. However, potential purchasers are encouraged to carry out Sitka spruce 144.63 92.25 236.88 their own measurements as historic management data, although believed to be correct Mixed broadleaves 6.02 11.63 17.65 should not be relied upon. These three commercial forests have been fully restructured Norway spruce 1.86 7.13 1.11 10.10 with average age classes comprising Lot 1 - 15 years, Lot 2 - 15 years and Lot 3 - 13 years. Lodgepole pine 2.74 2.74 The properties generally comprise gentle free-draining slopes with mixed aspects and a Japanese larch 2.30 2.30 height range of 220–380m above sea level. Norway spruce / DF 0.44 1.69 2.13 Scots pine 0.19 0.19 The species tables adjacent summarise the composition of the three lots. Detailed Open ground 82.14 82.14 compartment schedules and the Long Term Forest Plan are available from GOLDCREST Quarry 0.37 0.37 Land & Forestry Group. Total 4.60 2.74 157.97 106.68 82.51 354.50

TIMBER MARKETS SPORTING RIGHTS

The public roads serving the forests - the A7 and the D28/3 - are designated by the Borders Timber The Teviothead Forest Complex provides good shelter and grazing for

Transport Group and Scottish Borders Council as Approved Routes for Timber Transportation. The Roe deer. Last year’s cull was reduced as a result of Covid but over the majority of timber is likely to be taken via the A7 south to the well-established timber markets in last three seasons an average of 44 beasts has been shot in the three the south-west of Scotland and northern England. properties. The sporting rights are unlet and included in the sale.

BOUNDARIES MINERAL RIGHTS

The boundaries comprise adjoining forestry where the boundary is often the centre line of a forest Mineral rights are included except as reserved by Statute or in terms ride or adjoining farmland where stock-fence liability is on a mutual 50:50 basis with the neighbour. of the Titles. There is ample stone available on site for road The boundary between Lot 1 and Lot 2 is the medium filum of the Ramsaycleuch burn. maintenance and repair.

Lot 2

WAYLEAVES & THIRD-PARTY RIGHTS

Two residential properties close to Lot 1 take their water supply from the forest. An OHPL crosses through compartments 21 and 22 in Lot 2, taking power to both Giddenscleugh and Merrylaw Cottages. A BT line runs parallel with the council road adjacent to Compartments 21 and 22. Two adjoining forests have rights of access across Lot 1 and Lot 2. Full details are avaliable from GOLDCREST Land & Forestry Group.

The properties will be sold with the benefit of, and subject to, all existing rights and burdens within the Titles. In the event that the properties are sold in lots, the new Titles will benefit full servitude rights of access over the other lots as required. Maintenance will be according to user.

RENEWABLE ENERGY CLAWBACK CLAUSE

The sale is subject to a clawback agreement in favour of the seller and a previous owner in respect of any future renewable energy development - wind, hydro or solar - on all three lots. The Agreement will require the purchaser to pay 40% of income derived from any renewable energy development (excluding any timber compensation payments) for a period of 30 years from the date of sale. A first ranking standard security on the property will be required.

FOREST GRANTS AREA MEASUREMENTS

There are no current grant schemes in place; however, the properties are Historic management measurements indicate that the three properties managed under a Long Term Forest Plan, a copy of which is available from total 743.31 Hectares. The Titles indicate 745.26 Hectares. The properties GOLDCREST Land & Forestry Group. For further information on current will be sold as per the Titles. grants available, please visit the following website: https://www.ruralpayments.org/publicsite/futures AUTHORITIES

VIEWING Scottish Forestry Scottish Borders Council, South Scotland Conservancy Council Headquarters Viewing is possible at any time during daylight hours so long as potential 55/57 Moffat Road Newtown St. Boswells purchasers are in possession of a set of these sale particulars and subject to Dumfries DG1 1NP Melrose TD6 0SA contacting the Selling Agents in advance. For your own personal safety please Tel: 0300 067 6500 Tel: 0300 100 1800 be aware of potential hazards within the forest when viewing.

OFFERS TAXATION

If you wish to make an offer or would like to be informed of a closing date At present, all revenue from timber sales is Income and Corporation Tax free. for offers, it is important that you contact the Selling Agents to note your There is no Capital Gains Tax on growing timber, although there may be a interest and to obtain the specific Anti-Money Laundering details that we liability on the land. Under the Inheritance Tax regime, 100% Business require from a purchaser prior to accepting an offer. Property Relief should be available on commercial woodlands. VAT is charged on forestry work and timber sales, although its effect is neutral if Please also be aware that all offers must be submitted in Scottish legal form managed as a business. Government grants are received tax free with the before they can be formally accepted. exception of farm woodland and subsidy payments.

SOLE SELLING AGENTS FINANCIAL GUARANTEE/ANTI MONEY

GOLDCREST Land & Forestry Group LAUNDERING 46 Charlotte Square, Edinburgh EH2 4HQ Tel: 0131 3786 122 All offers, whether cash or subject to loan finance, must be accompanied by Ref: Jon Lambert MRICS & Jock Galbraith MRICS 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 SELLER’S SOLICITORS 2017.

Gillespie Macandrew 5 Atholl Crescent, Edinburgh EH3 8EJ Tel: 0131 225 1677 Ref: Alan White

Lot 1 & Lot 2

46 Charlotte Square Edinburgh, EH2 4HQ

0131 3786 122 [email protected]

IMPORTANT NOTICE GOLDCREST Land & Forestry Group LLP, its members, employees and their clients give notice that: 1. These particulars (prepared in April 2021) 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. GOLDCREST Land & Forestry Group LLP will not be responsible to purchasers, who should rely upon their own enquiries into all such matters and seek professional advice prior to purchase. 2. Neither these particulars nor any subsequent communication by GOLDCREST Land & Forestry Group LLP 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 GOLDCREST Land & Forestry Group LLP 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 GOLDCREST Land & Forestry Group LLP in good faith, but purchasers should rely upon 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, nor indeed any, offer and may at any time accept an offer or withdraw the property from the market. Neither the sellers nor GOLDCREST Land & Forestry Group LLP 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.

Lot 3 www.goldcrestlfg.com