NETHERCOTE FARM WOOD 46.97 acres of Woodland (or thereabouts) Newton Burgoland, Leicestershsire LE67 2SN

Location: Remarks and Stipulation’s: Potential purchasers must take their own Authorities: advice from their own accountants, financial Nethercote Farm Wood, Newton Burgoland Nethercote Farm Wood was planted with advisors or similar to confirm the above. County: County Council offers the opportunity to purchase 46.97 acres grants via the National Forest Company Telephone: of amenity woodland, located on the fringe Limited, dated 10th June 2005. A copy of Waylelaves, Easements and Rights of Way: 0116 232 3232 of the North West Leicestershire village of this agreement is available for inspection at Newton Burgoland. The property is verged our office, with a prior appointment. As part of the National Forest Scheme, a Local Authority: North West Leicestershire red on the accompanying plan. number of permissive footpaths were allowed District Council It is understood that grant payments are still across the property. Otherwise, the property Telephone: 01530 454545 Directions: payable until March 2016 and any such is sold subject to and with the benefit of future payments will be transferred to the existing rights of way, easements and Further enquiries and viewings: From Newton Burgoland, proceed out of the purchaser. wayleaves whether public or private, village along the Road towards drainage, water, electricity etc and any other For further information and an appointment . After approximately ½ mile, on The purchaser must continue to confirm with rights, whether mentioned or not. to view, please contact Richard Newey on the cross roads with the “Odd House” Public this agreement and maintain good forestry 0116 2814931. House is a right turn to . The practice in accordance with the agreement. A right of way exists to the property from the property is located on the junction of the Newton Road, highlighted in blue on the Lotting: Snarestone Road and Sweptstone Road. Any purchaser will be required to indemnify attached plan. Please see accompanying plan. the vendor for future potential breaches in the May be split if appropriate. agreement. Arbitration: Description: Potential purchasers are encouraged to take Should any dispute arise between the vendor The woodland was planted in the 2005/2006 their own advice with respect to this. and the purchaser upon any point whatsoever PRICE GUIDE: planting year, under a Farmwood Premium (not involving a question of law) arising out Scheme (WGS Ref: 14003245) in accordance National Forest: of the Remarks and Stipulations, Particulars with an agreement with The National Forest of Plan or as to the interpretation thereof, the £280,000 Company. The property is located within the National matter in dispute shall not annul the sale, Forest. but shall be referred to the arbitration of the Schedule: agents, whose decision shall be final and Taxation on Woodland: binding on all parties to the dispute and O.S. No Description Area in every such arbitration the agents shall Acres Hectares Under the present tax legislation, it is decide how the cost of such reference shall 9383 Woodland 10.97 4.44 understood that after two years of ownership, be borne. 1275 Woodland 6.10 2.47 woodland that is commercially managed 2783 Woodland 9.46 3.83 would qualify for 100% relief for Inheritance Plans and particulars: 4159 Woodland 1.06 0.43 Tax. It is also understood that timber sales 4169 Woodland 6.15 2.49 are free both from income and capital gains These are believed to be correct, but their 5575 Woodland 6.91 2.80 tax and it may be possible to roll over capital accuracy is not guaranteed and no claim can 5761 Woodland 6.32 2.56 gains tax into a percentage of the purchase be admitted for any errors or discrepancies. 46.97 19.02 price which is attributable to the land value.

Fox Bennett 6 Lewis Court, Grove Park, Enderby, Leicester, Leicestershire LE19 1SD Tel: 0116 281 4931 Fax: 0116 282 7429 www.foxbennett.co.uk

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