Property Details Landscape

WOODLAND FOR SALE
Durran Woodlands (2 Lots)
Thurso, Caithness, Highlands
79.2 hectares (196 acres)
Durran Woodlands, Thurso, Caithness, Highlands
79.2 hectares (196 acres). Guide Price: £60,000
as a whole or £25,000 Lot 1 and £35,000 Lot 2.
Two commercial woodlands, Lot 1, Tister Wood, 52.2 hectares, is awaiting restocking whilst Lot 2
Fryster Wood, 27.0 hectares, contains maturing spruce and pine.
Location
Durran Woodlands are located around 5 miles south east of
Thurso, just off a minor County road. The junction of the public
road and the farm track leading to the property is at map
reference ND193628, the nearest postcode is KW14 8TE.
Directions
Take the A9 south from Thurso for around 5.5 miles then
turn left on to the B874 towards Gillock. After approximately
3 miles turn left towards Durran, continue just over 1.5 miles
to turn left following the signpost to Durran. Continue past
Durran Mains Farm until the road bends sharply to the right.
Both Lots are accessed via the gated farm track directly
ahead at the bend.
Proceed along the farm track until the old stone house is
reached and continue for 200 yards to reach the north east
corner of Lot 1. Lot 2 is accessed by turning right through
the gate and proceeding along the fence boundary. This last
section is not surfaced and is not suitable for vehicles.
Access
Both properties benefit from rights of way over the
neighbouring land (described above) to link the forest
gates to the public road, shown on the attached map as a
black dashed line. There is also an additional right of
way to the south end of Tister, via Tister Farm.
Lot 1: Tister Wood
Tister Wood has been completely harvested and is
awaiting restocking.
Species group
Awaiting restocking
Area (ha)
Proportion
52.2
100%
A restocking plan was agreed with the Forestry Commission
using a mix of conifers and native broadleaves. However,
this could be changed, with Forestry Commission approval,
to suit an owner’s objectives.
Two annual restructuring felling payments of £6,563 could
be claimable from the Forestry Commission by a new owner
provided that the land is registered and appropriately
restocked in 2012/2013.
Lot 2: Fryster Wood
The standing crops at Fryster Wood were planted in 1971
and are now ready for harvesting. The yield class of the
Sitka spruce is estimated at YC 12 and the lodgepole
pine at YC 6. During last winter the spruce crops suffered
from windblow, which remains in place. An underground
water pipe is routed through the property creating an
open ride through the middle.
Tenure
The property is freehold.
Sporting and Mineral Rights
The sporting and mineral rights are included in the sale
except as reserved by statute. The sporting is not let.
Boundaries
There are no known boundary liabilities.
Species group
Area (ha)
Proportion
Sitka spruce
13.5
50%
Lodgepole pine
13.0
48%
Description
Open
0.5
2%
The land at Durran is predominantly low lying and flat.
Soils are typical of the area being peaty gleys with
variable drainage.
Grand Total
27.0
100%
Burdens on the Title
The property is sold subject to all rights including rights of
way and other rights, obligations, easements, and restrictive
covenants. The Purchasers will be held to have satisfied
themselves as to the nature of such burdens and are
advised to contact the Vendor’s solicitor for further details.
Taxation
Forestry is currently subject to a very favourable taxation
status. These benefits are summarised below:
• After 2 years of ownership the property should qualify for
100% Business Property Relief from Inheritance Tax (IHT).
• Income from commercially managed woodlands is
exempt from Income Tax, this applies to the sale of
timber or the sale of the whole plantation. Non
woodland income, eg sporting rent, is subject to
Income Tax at the appropriate rate.
• Any increase in the value of the timber is exempt from
Capital Gains Tax.
• Forestry is classed as a qualifying asset for the purposes
of rolling over a Capital Gains Tax liability. This liability
falls away when the Forest is assessed for Inheritance
Tax after death.
Grant Schemes
There are no grant schemes in place at either Lot.
Further information on available grants can be viewed at
www.foresty.gov.uk/scotland
Management
Both properties have been managed by UPM Tilhill from
their North Highland offices. Mr Phil DiDuca would be
Agent
pleased to discuss the future management of the property
with prospective purchasers. He can be contacted at
UPM Tilhill, 43 Clachnaharry Road, Inverness IV3 8RA
Tel: 01463 234633.
The sole selling agent is Crispin Golding MICFor who can
be contacted by email on [email protected] or
by phone on 07920 592 973 or by post at UPM Tilhill,
Carlow House, Locharbriggs, Dumfries, DG1 1QS, UK.
Windfarms
Any offers for the property should be marked strictly
private and confidential and directed to The Scottish
Regional Manager at the same postal address. We will
acknowledge all offers in writing.
The purchaser will be required to grant to the seller a
standard security of 25% of any uplift in the value of
either Lot 1 or Lot 2 as a result of planning consent being
granted for wind energy purposes. This will apply over the
whole property for a period of 15 years from the date of
entry with terms to be agreed.
Viewing
The property can be viewed at any time in daylight hours.
We ask that you carry a copy of these particulars and give
us prior notification of your intention to view.
For your personal safety please exercise reasonable care
and caution whilst on the property.
Offers
We ask that interested parties register their interest with
the agent, in writing, so that you can be kept informed of
any developments with the sale. We will inform all
registered interested parties should a closing date be set.
Solicitors
Graeme Reid at Anderson Strathern,
1 Rutland Court, Edinburgh EH3 8EY.
Email: [email protected]
Telephone: 0131 270 7700. Fax: 0131 270 7788.
Disclaimer
These particulars have been prepared in accordance with
the Property Misdescriptions Act 1991 to give a fair
overall view of the property.
FRYSTER
FRYSTER
TISTER
>
TISTER
External Boundary
Location Map
Access Routes
>
General Location Map
Grid Ref: ND 187 625
OS Landranger No. 11 or 12
Maps reproduced by permission of Ordnance Survey on behalf of HMSO. Crown copyright and database right (2012). Ordnance Survey (AL100018344).
UPM TILHILL
Head Office:
UPM Tilhill
Kings Park House,
Laurelhill, Stirling FK7 9NS
Tel: 01786 435000
Fax: 01786 435001
www.upm-tilhill.com
IMPORTANT NOTICE: These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers but do not
constitute an offer of a contract or any part thereof. All statements contained in these particulars are made for guidance only and without responsibility on the part of
UPM Tilhill or the vendor and as such should not be relied on as statements or representations of fact.
Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The vendor does not
make or give, and neither UPM Tilhill nor any person in their employment has any authority to make or give any representation or warranty in relation to this property.
All measurements are approximate.
Particulars prepared July 2012 and revised 2nd August 2012