For sale Scotston South, By Aberfeldy, Perth and Kinross, PH8 0EB

Freehold
£3,500,000
Introduction
This compact commercial conifer property is an excellent opportunity for investors to secure an asset with immediate and future timber income generation potential. Situated in Highland Perthshire, one of Scotland’s historic timber producing regions, the high proportion of established Sitka spruce offers obvious appeal. The property also benefits from a windfarm access lease, providing a reliable and steady index-linked annual income until 2035.

Location and Directions
Located at the southern end of the Griffin Forest Complex, Perthshire, Scotston South is just under six miles southeast of Aberfeldy and approximately 17 miles northwest of Perth. Travelling from Perth, head north on the A9, leaving at the Inver junction, turning left on to the A822 signposted for Crieff. Continue approximately eight miles along the A822 before turning right on the A826 toward Aberfeldy and follow this road for approximately two miles. The entrance is found on the right after a small bridge, located at NN 908 420. Travelling from Aberfeldy, head south on the A826 for 6 miles to the entrance gate on the left, just before a small bridge. The nearest postcode is PH8 0EB. The access gate is padlocked – please contact Bidwells for combination details.

Access
Scotston South benefits from good access onto an A-class road and reasonable proximity to established regional and national timber markets. From the entrance (Point A on Sale Plan), the property benefits from a forest road, which extends approximately 850m into the woodland and has been used for timber haulage. A forestry track, currently only suitable for four-wheel drive vehicles extends 2km south from Point B to Point C, through the centre of the property, providing the basis for future timber harvesting access for the majority of the forest.

Description
Extending to 231.64 hectares (ha), Scotston South was primarily planted in the mid-to-late 1980s and early 1990s although a number of pre-existing shelterbelts were incorporated into the main woodland creation. The spruce-dominated crops will appeal to commercial investors seeking a ‘straight-forward’ conifer forest, with the age class being attractive to those seeking a steady income over the next twenty years.

The forest is primarily stocked with pure stands of Sitka spruce (159.81 ha), the preferred timber producing species in Scotland. Spruce is also found in mixture with larch (7.36 ha).There are also several areas of Scots pine totalling 4.17 ha located on the craggier hilltops. Open ground (59.03 ha) and mixed broadleaves (1.27 ha) make up the remainder of the property. A timber harvesting and forest restructuring programme could start promptly, should the owner desire. Please note there are some discrepancies between the Title area and crop compartment schedule used for management purposes – the property will be sold as per Title.

Management
A draft Forest Plan is available on request. Further information on the Scottish Rural Development Programme and grant scheme availability can be accessed through the following websites:

https://forestry.gov.scot/support-regulations
https://www.ruralpayments.org/topics/all-schemes/

Sporting
Both Roe and Red deer are present with the stalking having been let informally, with no shooting returns having been recorded. Sporting rights are included in the sale.

Minerals
Mineral rights are included so far as allowed by statute.

Boundaries
Where required the boundaries are to be maintained to a stock proof standard on a mutual basis with neighbouring properties.

Third Party Rights and Burdens
The property will be sold with the benefit of and subject to, all existing rights and burdens within the Title. These include:

• An Access Lease was granted in favour of Greenpower (Griffin) Limited for 27 years from 1 October 2008 over the forest road running along the northern boundary and an area to the south of it at the junction with the A826 for storage facilities. The initial rent was £18,700 per annum index-linked. On the fifteenth anniversary of the date of entry (1 October 2023) the rent is due to be increased to £37,400 index-linked per annum. The present rent is £29,626 and the tenant has the option to extend the lease for a further 25 years.

• A Lease in favour of Cornerstone Telecoms Infrastructure Limited in relation to a mast site for a period of twelve years from 17 December 2015 at an initial rent of £5,500 per annum. The current rent remains £5,500. The rent falls to be reviewed to market rent at each third anniversary of the date of entry.

• There are wayleaves to Scottish and Southern Energy for power lines on the property. The current payment is £1,061 per annum. The wayleave for the power line running north-south through the property has been capitalised with a Deed of Servitude being granted.

• There are reciprocal servitude rights of access to adjoining properties, including those within the wider forestry complex over the existing road infrastructure network (A - B on Sale Plan). Maintenance of roads is on an according to user basis for all users, however Scotston South and Scotston North and the Ballinloan forest properties are required to split their combined share equally.

• A servitude right of access to Scottish and Southern Energy for access to their cable infrastructure on Scotston North and Scotston South.

Title Information
For fuller details of third party rights and burdens, please contact Bidwells to request access to Title information on the Property. Compartmented maps are available which include sub-compartment and species data. The Property will be sold as per the Title.

Viewing and Closing Date
Viewing is strictly by appointment with the Selling Agents. It is anticipated that a closing date for best offers will be set in due course but the Seller reserves the right to sell without setting a formal closing date. The Seller will not be bound to accept the highest or indeed any offer.

Potential purchasers are advised to formally register their interest, in order that they may be informed if a closing date for offers is set.

Prospective Purchasers and Financial Resources
Any offer by prospective purchaser(s), regardless of where they are ordinarily resident must be accompanied by a guarantee from a banker who is acceptable to the Seller. Any offer by prospective purchaser(s) that is to be reliant on finance must also be accompanied by supporting documents acceptable to the Seller.

Anti-Money Laundering Regulations
Prospective purchasers will be required to produce identification sufficient to satisfy anti-money laundering regulations and checks against the intended purchaser or nominee together with other documentation that may be required, from time to time, in order to support any conditional offers submitted to the Seller. Bidwells LLP accepts no liability of any type arising from your delay or other lack of co-operation. We may hold your name on our database unless you instruct us otherwise.

Selling Agent
Andy Turnbull
Bidwells, Broxden House
Lamberkine Drive, Perth PH1 1RA
Tel: 01738 630666
Mob: 07721 918554
andy.turnbull@bidwells.co.uk

Tom Drewett
Bidwells, Broxden House
Lamberkine Drive, Perth PH1 1RA
Tel: 01738 630666
Mob: 07976 215949
tom.drewett@bidwells.co.uk

Forest Authority
Scottish Forestry
Perth and Argyll Conservancy
Upper Battleby
Redgorton
Perth
PH1 3NE
Tel: 0300 067 6005
Email: panda.cons@forestry.gov.scot

Local Authority
Perth and Kinross Council
Pullar House
35 Kinnoull Street
Perth
Telephone: 01738 475000

Agent’s Note
Bidwells LLP acting for themselves and for the vendors of this Property, whose agents they are, give notice that: Nothing contained in these particulars or their contents or actions, both verbally or in writing, by Bidwells LLP form any offer or contract, liability or implied obligation to any applicants, viewing parties or prospective purchasers of the Property to the fullest extent permitted by law and should not be relied upon as statements or representative of fact. No person in the employment of Bidwells LLP or any joint agents has authority to make or give any representation or warranty whatever in relation to this Property. Any areas of measurements or distances are approximate. The text, photographs and plans are for guidance only, may not be to scale and are not necessarily comprehensive. Any photographs displayed in these particulars depict only part of the Property and it should not be assumed that any items seen therein are included in the sale, or that the Property remains as displayed in the photographs. No assumptions should be made regarding other parts of the Property that have not been photographed. No assumptions should be made that the Property has all necessary planning, building regulation or other consents. Bidwells LLP has not carried out a survey, nor tested the services, appliances or facilities. Purchasers must satisfy themselves by inspection or otherwise. Where applicable all rentals and prices are quoted exclusive of VAT unless otherwise stated. Should there be any discrepancy between these particulars and the Missives of Sale, the latter shall prevail. OS licence no. ES 100017734. © Copyright Bidwells LLP 2017. Bidwells LLP is a limited liability partnership registered in England and Wales (registered number OC 344553). Registered office is Bidwell House, Trumpington Road, Cambridge CB2 9LD where a list of members is available for inspection. Your statutory rights are not affected by this notice.
Sales Particulars prepared September 2020. Photographs taken in September 2020.
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