HARTSIDE HILL FOREST GILSTON, SCOTTISH BORDERS 393.70 ...

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HARTSIDE HILL FOREST GILSTON, SCOTTISH BORDERS 393.70 Hectares / 972.83 Acres

John Clegg & Co CHARTERED SURVEYORS & FORESTRY AGENTS

HARTSIDE HILL FOREST

Lauder 11 miles

Edinburgh 18 miles Stirling 58 miles (Distances are approximate)

Lockerbie 77 miles

HARTSIDE HILL FOREST 393.70 Hectares / 972.83 Acres

A highly productive, commercial forestry investment growing on fertile free-draining soils. Located 18 miles south of the City of Edinburgh in the Scottish Borders, with excellent access to timber markets. Good sporting opportunities.

FREEHOLD FOR SALE AS A WHOLE Offers Over £3,450,000 SOLE SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS Tel: 0131 229 8800 Fax: 0131 229 4827 Ref: Patrick Porteous

LOCATION Hartside Hill is located in the Scottish Borders, some 18 miles LOCATION south-east centre between Moorfoot and Hartside HillofisEdinburgh located in City the Scottish Borders,thesome 18 miles Lammermuir Hills. Situated in a secluded, yet very accessible south-east of Edinburgh City centre, between the Moorfoot and area of countryside, to a issmall settlement knownyetas Lammermuir Hills. Theclose property situated in a secluded, Gilston. very accessible area of countryside, close to a small settlement known as Gilston. The forest is extremely well-located for transportation of timber to forest number of different timber markets in south and central The is extremely well-located for transportation of timber Scotland. As well as benefitting from a good contractor base for to a number of different timber markets in south and Central all types of operational work and management in the area. Scotland; as well as benefitting from a good contractor base for all types of operational work and management in the area. The property is shown on the location and sale plans within these particulars andoncan be found Sheet 1:50,000 The property is shown the location andon saleOS plans within these Number 73, Grid Reference NT 444 566. particulars and can be found on OS Sheet 1:50,000 Number 73, Grid Reference NT 444 566. ACCESS From the A68 trunk road, follow the B6368 in a south-westerly ACCESS direction towards Afterthe1.5B6368 miles,inthe existing access From the A68 trunkGilston. road, follow a south-westerly road leading to the forest After can be1.5found theexisting left-hand-side, direction towards Gilston. miles,onthe access shown at Point A1 on the sale plan. road leading to the forest can be found on the left-hand-side, shown at Point A1 on the sale plan. A servitude right of access for all purposes exists over third land right between PointsforA1alland A2, shown saleparty plan. Aparty servitude of access purposes exists on overthe third Thisbetween includesPoints the right to construct an on all-weather accessThis road land A1 and A2, shown the sale plan. betweenthethe and the public roadaccess and road to use stone includes rightforest to construct an all-weather between immediately to road the road. according to the forest and adjacent the public usingMaintenance stone sourcedis immediately user. adjacent to the road. Maintenance is according to user. The access road then divides with the road to the left giving access to The access section road then the road to the leading left giving the northern and divides the roadwith heading southwards to access to the section and the road heading southwards the majority of northern the forest. leading to the majority of the forest. The internal roads are in good condition, access to most parts of theaccess property. The internal roadsproviding are in good condition, providing to Recent maintenance has been carried out on parts of thecarried access, most parts of the property. Recent maintenance has been using stoneof sourced fromusing an abundant supply thesupply forest. out on parts the access, stone from the within abundant in the forest. DESCRIPTION Hartside Hill is a substantial, maturing commercial conifer DESCRIPTION forest, which established over a 7commercial year periodconifer between 1984 Hartside Hill is was a substantial, maturing forest, and 1990, with primarily Sitka which was established over a 7spruce. year period between 1984 and 1990, with primarily Sitka spruce. The forest was originally established under two separate ownerships. The northern knownunder as Armet was The forest was originally section, established two Water, separate planted during 1984 and 1985 known and the southern section, ownerships. The northern section, as Armet Water, was Hartside Hill,1984 was planted between 1984 and 1990. The division planted during and 1985; the southern section, Hartside Hill, is defined byand the 1990. overhead running through between 1984 The electricity division iswayleave defined by the overhead the property. The running forest forms a compact shapeThe on ground electricity wayleave through the property. forest forms a compact shape on the ground, which will be extremely easy to harvest and comprises gentle free-draining slopes

which will be extremely easy to harvest and comprises gentle free draining slopes. Hartside Hill provides significant scale in an excellent location Hartside provides significant in anofexcellent for timberHill growth and markets. Thescale majority the croplocation is Sitka for timber growth and markets. The majority of the crop spruce, with some areas planted in mixture with Lodgepole pine,is Sitka spruce with some areas planted in mixture with Lodgepole Scots pine and larch. In addition, there are some minor areas of pine, Scots pine and Inspruce. addition, there are some minor mixed broadleaves andlarch. Norway areas of mixed broadleaves and Norway spruce. On average, the crop is approximately 30 years old, growing at Onaverage average, the class crop of is approximately years was old, undertaken growing at an yield 16. A full crop30survey an average yield class of 16. A full crop survey was undertaken in June 2014, which, based on 245 plots, indicated a standing in Juneof2014. Based on 72,500 245 plots, indicated a standing volume approximately cubic this metres. The crop is now volume of approximately 72,500 cubic metres and the crop is accumulating timber volume rapidly. now accumulating timber volume rapidly. Planting Year Species

1984

1985

1986

1987

1988

1989

Sitka Spruce

64.26

58.67

Lodgepole Pine

3.70

1.42

Hybrid Larch

5.67

3.18

Scots Pine

1.61

3.59

1990

Area (Ha)

25.42

25.91

29.55

31.31

235.11

5.56

11.10

4.67

26.45 15.50

8.86 6.73

3.32

0.25

1.17

2.28

1.39

Douglas Fir

0.27

0.56

European Larch

0.03

1.17

Norway Spruce

0.39

2.49

2.88

1.32

1.32

Grand Fir Mixed Broadleaves Quarry

2.01

0.83

0.96

0.32

6.03

2.07

0.15

5.36

12/04/2016 14:23

MINERAL RIGHTS Mineral rightsRIGHTS are included except as reserved by Statute or in MINERAL terms of rights the Land Mineral are Certificates. included except as reserved by Statute or in terms of the Land Certificates. WAYLEAVES & THIRD PARTY RIGHTS There is an overhead electricity tower line wayleave dissecting WAYLEAVES & THIRD PARTY RIGHTS the property. There is an overhead electricity power line wayleave dissecting the property. The Radio mast situated on Hartside Hill, within the property, isThe owned a third party. Thetheaccess rent isisowned £2,432.18 plus radio by mast situated within property by a third VAT per annum, payable in October of each year. There are party. The access rent is £2,432.18, plus VAT, per annum, payable also three separate site share agreements on the mast and access in October of each year. There are also three separate site share to the mast in is place required all times. of at theallaccess agreements and at access to theMaintenance mast is required times. route is shared according to user. Maintenance of the access route is shared according to user. The property will be sold with the benefit of, and subject to, all The property will be sold with the benefit of, and subject to, all existing rights and burdens within the Land Certificates. existing rights and burdens within the Land Certificates. RENEWABLES DEVELOPMENT RENEWABLES DEVELOPMENT There is a Standard Security over the property securing the There is a Standard Security over the property securing the terms terms of an Option Agreement between the Seller and a of an Option Agreement between the Seller and a renewables renewables company for a period of 7 years from the 4th company for a period 7 years 4th September, 2014. September 2014. Furtherofdetails arefrom available from the Selling Further details are available from the Selling Agents upon request. Agents upon request.

0.15

Water

0.17

0.17

Unplanted

91.04

91.04

Total

167.28

74.42

39.83

37.01

35.15

37.94

2.07

393.70

Further information, including a compartment plan and Further information, including a compartment plan and schedule, is available from the Selling Agents upon schedule, is available from the Selling Agents upon request. request. SPORTING RIGHTS SPORTING RIGHTS The sporting rights are included in the sale and currently let for The sporting rights are included in the sale and are currently let £2,000 plus VAT for the period 1st April 2016 - 31st March at2017 £2,000, plus VAT, for the period 1st Aprilon 2016 - 31st Marchis and the licence will be terminated entry. There 2017. The licence will be terminated on entry. There is excellent excellent deer stalking along the open rides with quite a high deer stalkingofalong rides, quite highsurrounding population population Roe the deeropen within thewith forest anda the of Roe deer within the forest and the surrounding area. There is area. There is also a small pond by the entrance to the property. also a small pond by the entrance to the property. BOUNDARIES BOUNDARIES The total area of the property is taken from land Certificates. The area of the property is taken from are Land Certificates. The total compartment plans and crop schedules available from The compartment plans and crop schedules are the selling agents upon request and the areas statedavailable in this from the selling request statedwill in information mayagents vary. upon Please note but thatthe theareas property this information mayaccording vary. Please note information that the property will ultimately be sold to the contained ultimately soldCertificates. according to the information contained within within thebe Land the Land Certificates.

4400

WOODLAND GRANTS There are no grant schemes in place and no transfer of obligations required. 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 Scotland South Scotland Conservancy Weavers Court Forest Mill Selkirk TD7 5NY Tel: 01896 750222

Scottish Borders Council Council Headquarters Newton St Boswalls Melrose TD6 0SA Tel: 0300 100 1800

VIEWING Viewing 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 forest when viewing. OFFERS If you wish to make an offer on this property or would like us to inform you of a closing date for offers, it is important that you notify us in writing of your interest. Offers in Scottish Legal Form are to be submitted to the Selling Agents.

SOLE SELLING AGENTS John Clegg & Co, 2 Rutland Square, Edinburgh EH1 2AS; Tel: 0131 229 8800; Fax: 0131 229 4827.Ref: Patrick Porteous.

SELLER’S SOLICITORS Turcan Connell, Princes Exchange, 1 Earl Grey Street, Edinburgh EH3 9EE; Tel: 0131 228 8111; Fax: 0131 228 8118. Ref: Grierson Dunlop. TAXATION At 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 NOTICE

John Clegg & Co LLP, its members, employees and clients give notice that: 1. These particulars (prepared in April 2016) 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 LLP 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 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 John Clegg & Co 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 John Clegg & Co LLP 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 LLP will be responsible for any costs incurred by interested parties

Lot 2

John Clegg & Co England: 01844 291 384

Scotland: 0131 229 8800

Wales: 01600 730 735

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