wergins bridge estate
WERGINS BRIDGE ESTATE Sutton St Nicholas, Herefordshire 50.0 hectares (126.0 acres) This investment in poplar growing, agricultural land, game shooting, fishing and potential gravel extraction is only minutes from Hereford city but is superbly rural. The renowned River Lugg, on which there are fishing rights, forms the northern boundary of the property. Whilst under management as agricultural land and woodland plantations the property should qualify for 100% business property relief under the Inheritance Tax provisions.
FREEHOLD FOR SALE BY PRIVATE TREATY
WERGINS BRIDGE ESTATE
¾ A minerals survey carried out by the present owner confirms the presence of gravel beds in commercial quantities. ¾ There are 22 acres of level, re-seeded agricultural land. ¾ 1500 yards of single bank trout and coarse fishing on the wonderful River Lugg. ¾ Shooting woodcock, wildfowl. SITUATION Wergin’s Bridge crosses the River Lugg ½ mile from Sutton St. Nicholas, a jewel of a Herefordshire village only a few minutes from the estate and 4 miles north of Hereford city. Worcester and M6 junction 7 is 25 miles, Gloucester 30 miles, Bristol 50 miles and Birmingham 50 miles. All distances are approximate. DIRECTIONS From Hereford centre take the A465 to the north eastern outskirts of the city and at the prominent roundabout where the A465 joins the A4103 take the north exit signed Sutton St. Nicholas. Wergin’s Bridge is reached after 2 miles and the right of way to the estate is on the left immediately before the bridge.
pheasant,
snipe
and
¾ Farm Woodland Premium Scheme income. ¾ Availability of land for further planting of woodland in cherished surroundings, supported by the Forestry Commission’s English Woodland Grant Scheme. ¾ Opportunities to construct ponds or lakes to create further sporting and recreation opportunities. Very few opportunities of such variety and interest come to the English rural market and we thoroughly recommend Wergin’s Bridge Estate.
The right of way marked AB and coloured brown on the sale plan is stoned and provides hard access to the woodland boundary. Internal tracks permit excellent access with four wheel drive to all parts of the property. O.S. 1:50,000 Map 149 Ref. SO 529447 VIEWING At any time without appointment by prospective purchasers carrying a set of sale particulars. Purchasers wishing to be shown around should contact the selling agents or George Snell of the Poplar Tree Company. Tel. 01981 250253. INTRODUCTION The growth of poplar in plantations for commercial timber production has been a tradition in England since the heyday of the great landed estates in Victorian times when the rapid growth and good form of the trees was the main attraction. Specialised growth for the match industry followed, progressing to wider utilisation as a strong general purpose white wood. Whilst the estate is dominated by poplar production, it features other valuable elements to attract the rural investor.
POPLAR GROWING AT WERGIN’S BRIDGE 32.1 hectares of poplar was planted in 1994 and are now well established. 9.6 hectares was planted in 1997. The poplar tree plantation has been managed to a high standard and the trees thinned to allow bigger trees to develop. Further income producing thinnings will be necessary to reach final crop spacing of approximately 8 x 8 metres. Estimated standing volume at maturity in about 18 years should exceed 300 m3/hectare, worth at todays prices approximately £20/tonne at roadside. The Poplar Tree Company can quote terms to continue managing the plantation on behalf of the purchaser in line with good poplar tree silvicultural
WERGINS BRIDGE ESTATE those minerals which are nearest to the point of utilization and the closeness of Wergins Bridge to Hereford city may be to its advantage in that respect.
practices. Marketing and promotion of poplar wood is being developed by the Poplar Tree Company and Certainly Wood Ltd. A peeling line and sawmill facility has been purchased by these two companies to develop new markets. Further information is available from Mr George Snell of the Poplar Tree Company or Mr William Jackson the forestry manager. About 7 acres in the eastern field has been felled and will be replanted by the vendors before Spring 2008. The trees which have been felled following the recent thinning and which are now stacked near the entrance are specifically excluded from the sale. The banks of the River Lugg are ideal for growing Cricket bat Willows and some trees have been harvested recently. The same number of new willows will be replanted by the vendors. AGRICULTURAL LAND 8.9 hectares. (22.0 acres) of level, highly accessible land uncoloured on the plan was sown to grass in the autumn of 2007 and is now establishing well. Useful silage and hay cuts or pony paddocks could be considered as a means of managing this land for income. The land has been registered for Single Farm Payment and entitlement will be included in the sale. The land on the south side of the river includes a bund and is permanent pastureland. MINERALS A professionally conducted minerals survey dated 2000 made the following projections: - Sand and gravel within the site is in the order of 4m. thick, with some variations across the site. The order of magnitude of the recoverable deposits is likely to be 1 million tonnes. Three gravel pits around Hereford are in operation in 2007, with enough reserves in the system until 2015. Changing energy policies may favour the use of
INCOME The purchaser will receive any payments outstanding under the Farm Woodland Premium Scheme. One agreement produces £8,706 p.a. until 2008 and the other £2,889 p.a. until 2011. Prospective purchasers should check with the agents as to when the 2008 payment will be received and, depending on the timing of the sale, whether it will be available to the purchaser. For any further tree planting undertaken by the purchaser grants under the English Woodland Grant Scheme should be available. For further information visit the Forestry Commission website www.forestry.gov.uk SPORTING RIGHTS The purchaser will have the benefit of valuable woodcock, snipe, pheasant and duck shooting together with the control of roe and fallow deer which move in and out of the estate from time to time. The estate has produced some good family sport and there obviously is potential to develop the shoot further. FISHING The River Lugg is well known for its sporting brown trout and quality coarse fishing. This is good
WERGINS BRIDGE ESTATE wayleaves and purchasers will be deemed to have satisfied themselves as to the routes thereof. Various pipelines run under the land. TAXATION After two years ownership, commercially managed woods qualify for 100% relief from Inheritance Tax. Timber sales are free of all Income Tax and do not attract Capital Gains Tax. In certain circumstances it is possible to roll-over Capital Gains into the proportion of the purchase price attributable to the value of the land.
fly water with several pools and long fast runs to challenge the sporting rod. The River Lugg is also a recognised salmon river and is particular well thought of for its barbel fishing. The river attracts wildfowl and is classic habitat for the dipper, water vole and Kingfisher. WAYLEAVES The property is sold subject to all existing
TENURE AND POSSESSION Freehold. Vacant possession on completion. METHOD OF SALE Wergins Bridge Estate is for sale by Private Treaty. Prospective purchasers should register their interest with the Selling Agents to whom offers should be submitted. Please contact Mr C M Gee at our Thame office on 01844 215800. OFFERS OVER £440,000 ARE INVITED
Scale 1:50,000 IMPORTANT NOTICE Messrs. John Clegg & Co. for themselves and for the vendors of this property, whose agents they are, give notice that: - AA/26 These particulars do not constitute nor constitute any part of an offer of a contract (2) All statements contained in these particulars as to the property are made without responsibility on the part of Messrs John Clegg & Co or the vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The vendor does not make or give, and neither Messrs John Clegg & Co nor make any person in their employment has any authority to make or give any representation or warranty in relation to this property.
John Clegg & Co The Old Coach House, Southern Road, Thame, Oxon, OX9 2ED Tel:01844 215800 and at Monmouth Tel: 01600 715311 and Edinburgh Tel: 0131 229 8800
B
A
Scale 1:10,000
WERGINS BRIDGE ESTATE Drawing No. F2088 Date 14.12.07
Reproduced by permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationary Office. Crown Copyright. All rights reserved. Licence No. ES 100020416 This plan is published for the convenience of the intending purchasers only. Although believed to be correct its accuracy is not guaranteed and it does not form part of any contract.
WERGINS BRIDGE ESTATE Sutton St Nicholas, Herefordshire 50.0 hectares (126.0 acres) This investment in poplar growing, agricultural land, game shooting, fishing and potential gravel extraction is only minutes from Hereford city but is superbly rural. The renowned River Lugg, on which there are fishing rights, forms the northern boundary of the property. Whilst under management as agricultural land and woodland plantations the property should qualify for 100% business property relief under the Inheritance Tax provisions.
FREEHOLD FOR SALE BY PRIVATE TREATY
WERGINS BRIDGE ESTATE
¾ A minerals survey carried out by the present owner confirms the presence of gravel beds in commercial quantities. ¾ There are 22 acres of level, re-seeded agricultural land. ¾ 1500 yards of single bank trout and coarse fishing on the wonderful River Lugg. ¾ Shooting woodcock, wildfowl. SITUATION Wergin’s Bridge crosses the River Lugg ½ mile from Sutton St. Nicholas, a jewel of a Herefordshire village only a few minutes from the estate and 4 miles north of Hereford city. Worcester and M6 junction 7 is 25 miles, Gloucester 30 miles, Bristol 50 miles and Birmingham 50 miles. All distances are approximate. DIRECTIONS From Hereford centre take the A465 to the north eastern outskirts of the city and at the prominent roundabout where the A465 joins the A4103 take the north exit signed Sutton St. Nicholas. Wergin’s Bridge is reached after 2 miles and the right of way to the estate is on the left immediately before the bridge.
pheasant,
snipe
and
¾ Farm Woodland Premium Scheme income. ¾ Availability of land for further planting of woodland in cherished surroundings, supported by the Forestry Commission’s English Woodland Grant Scheme. ¾ Opportunities to construct ponds or lakes to create further sporting and recreation opportunities. Very few opportunities of such variety and interest come to the English rural market and we thoroughly recommend Wergin’s Bridge Estate.
The right of way marked AB and coloured brown on the sale plan is stoned and provides hard access to the woodland boundary. Internal tracks permit excellent access with four wheel drive to all parts of the property. O.S. 1:50,000 Map 149 Ref. SO 529447 VIEWING At any time without appointment by prospective purchasers carrying a set of sale particulars. Purchasers wishing to be shown around should contact the selling agents or George Snell of the Poplar Tree Company. Tel. 01981 250253. INTRODUCTION The growth of poplar in plantations for commercial timber production has been a tradition in England since the heyday of the great landed estates in Victorian times when the rapid growth and good form of the trees was the main attraction. Specialised growth for the match industry followed, progressing to wider utilisation as a strong general purpose white wood. Whilst the estate is dominated by poplar production, it features other valuable elements to attract the rural investor.
POPLAR GROWING AT WERGIN’S BRIDGE 32.1 hectares of poplar was planted in 1994 and are now well established. 9.6 hectares was planted in 1997. The poplar tree plantation has been managed to a high standard and the trees thinned to allow bigger trees to develop. Further income producing thinnings will be necessary to reach final crop spacing of approximately 8 x 8 metres. Estimated standing volume at maturity in about 18 years should exceed 300 m3/hectare, worth at todays prices approximately £20/tonne at roadside. The Poplar Tree Company can quote terms to continue managing the plantation on behalf of the purchaser in line with good poplar tree silvicultural
WERGINS BRIDGE ESTATE those minerals which are nearest to the point of utilization and the closeness of Wergins Bridge to Hereford city may be to its advantage in that respect.
practices. Marketing and promotion of poplar wood is being developed by the Poplar Tree Company and Certainly Wood Ltd. A peeling line and sawmill facility has been purchased by these two companies to develop new markets. Further information is available from Mr George Snell of the Poplar Tree Company or Mr William Jackson the forestry manager. About 7 acres in the eastern field has been felled and will be replanted by the vendors before Spring 2008. The trees which have been felled following the recent thinning and which are now stacked near the entrance are specifically excluded from the sale. The banks of the River Lugg are ideal for growing Cricket bat Willows and some trees have been harvested recently. The same number of new willows will be replanted by the vendors. AGRICULTURAL LAND 8.9 hectares. (22.0 acres) of level, highly accessible land uncoloured on the plan was sown to grass in the autumn of 2007 and is now establishing well. Useful silage and hay cuts or pony paddocks could be considered as a means of managing this land for income. The land has been registered for Single Farm Payment and entitlement will be included in the sale. The land on the south side of the river includes a bund and is permanent pastureland. MINERALS A professionally conducted minerals survey dated 2000 made the following projections: - Sand and gravel within the site is in the order of 4m. thick, with some variations across the site. The order of magnitude of the recoverable deposits is likely to be 1 million tonnes. Three gravel pits around Hereford are in operation in 2007, with enough reserves in the system until 2015. Changing energy policies may favour the use of
INCOME The purchaser will receive any payments outstanding under the Farm Woodland Premium Scheme. One agreement produces £8,706 p.a. until 2008 and the other £2,889 p.a. until 2011. Prospective purchasers should check with the agents as to when the 2008 payment will be received and, depending on the timing of the sale, whether it will be available to the purchaser. For any further tree planting undertaken by the purchaser grants under the English Woodland Grant Scheme should be available. For further information visit the Forestry Commission website www.forestry.gov.uk SPORTING RIGHTS The purchaser will have the benefit of valuable woodcock, snipe, pheasant and duck shooting together with the control of roe and fallow deer which move in and out of the estate from time to time. The estate has produced some good family sport and there obviously is potential to develop the shoot further. FISHING The River Lugg is well known for its sporting brown trout and quality coarse fishing. This is good
WERGINS BRIDGE ESTATE wayleaves and purchasers will be deemed to have satisfied themselves as to the routes thereof. Various pipelines run under the land. TAXATION After two years ownership, commercially managed woods qualify for 100% relief from Inheritance Tax. Timber sales are free of all Income Tax and do not attract Capital Gains Tax. In certain circumstances it is possible to roll-over Capital Gains into the proportion of the purchase price attributable to the value of the land.
fly water with several pools and long fast runs to challenge the sporting rod. The River Lugg is also a recognised salmon river and is particular well thought of for its barbel fishing. The river attracts wildfowl and is classic habitat for the dipper, water vole and Kingfisher. WAYLEAVES The property is sold subject to all existing
TENURE AND POSSESSION Freehold. Vacant possession on completion. METHOD OF SALE Wergins Bridge Estate is for sale by Private Treaty. Prospective purchasers should register their interest with the Selling Agents to whom offers should be submitted. Please contact Mr C M Gee at our Thame office on 01844 215800. OFFERS OVER £440,000 ARE INVITED
Scale 1:50,000 IMPORTANT NOTICE Messrs. John Clegg & Co. for themselves and for the vendors of this property, whose agents they are, give notice that: - AA/26 These particulars do not constitute nor constitute any part of an offer of a contract (2) All statements contained in these particulars as to the property are made without responsibility on the part of Messrs John Clegg & Co or the vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The vendor does not make or give, and neither Messrs John Clegg & Co nor make any person in their employment has any authority to make or give any representation or warranty in relation to this property.
John Clegg & Co The Old Coach House, Southern Road, Thame, Oxon, OX9 2ED Tel:01844 215800 and at Monmouth Tel: 01600 715311 and Edinburgh Tel: 0131 229 8800
B
A
Scale 1:10,000
WERGINS BRIDGE ESTATE Drawing No. F2088 Date 14.12.07
Reproduced by permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationary Office. Crown Copyright. All rights reserved. Licence No. ES 100020416 This plan is published for the convenience of the intending purchasers only. Although believed to be correct its accuracy is not guaranteed and it does not form part of any contract.
