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Under Offer

Land At Corskie

Dunecht, Aberdeenshire, AB51 7LJ

Offers Over £1,180,000


  • A block of productive farmland in a prime agricultural area.

  • For sale as a Whole

  • 16 enclosures

  • Majority of land classified as Grade 3(2)

  • 329.38 acres (133.30 hectares) of land

LOCATION
The land at Corskie is situated 14 miles north west of the City of Aberdeen, being 1 miles north of Dunecht and 9 miles south west of Inverurie in a prime agricultural area.

HISTORY
Corskie was formerly part of ...

LOCATION
The land at Corskie is situated 14 miles north west of the City of Aberdeen, being 1 miles north of Dunecht and 9 miles south west of Inverurie in a prime agricultural area.

HISTORY
Corskie was formerly part of the Castle Fraser Estate, which dates back to the 12th century when the Frasers of Norman origin took occupation. It passed through the Fraser line until acquired at auction by the 1st Viscount Cowdray in 1921 and remained within his wider family through marriage until the death of Major and Mrs Smiley in 1991. Since 1993 Corskie has been farmed on contract by the Ratcliffe family as part of a larger unit.

SITUATION
The land at Corskie comprises commercial farmland being situated to the north of Dunecht in west Aberdeenshire. The land is generally of a southerly aspect, being capable of producing a wide range of spring and winter crops, although it has been used for livestock production in the past. The land is situated close to the settlement of Dunecht which has a post office and general store, in addition to a primary school.

Inverurie is some 9 miles distant and has a large selection of shopping and supermarkets in addition to agricultural suppliers and an auction market and abattoir. The town lies between the River Don and Urie being 10 miles from Bennachie and boasts 4 churches and several other places of worship. There are five supermarkets, a retail park, and numerous specialist shops including an award winning butcher. The town has a library, sports centre and a swimming pool and is served by Inverurie Health Centre. Inverurie is home to Garioch RFC, Inverurie Loco Works FC, Inverurie Cricket Club and the 18 hole Inverurie Golf Club. Inverurie railway station provides links to Aberdeen and Inverness.

Aberdeen is some 14 miles distant and has a wide range of shopping, entertainment and cultural attractions which one would expect from the Oil Capital of Europe. Private education is available in the city at Robert Gordon’s College, St. Margaret’s School for Girls and Albyn School. The City also has 2 universities and several colleges for further education. Aberdeen International Airport offers regular domestic and European flights in addition to which there is a train station with regular services to both north and south and an overnight sleeper service to London.

DESCRIPTION
Corskie is situated in western Aberdeenshire in an area well known for its productive and fertile farmland. The land is currently farmed as part of a larger unit and extends to 133.30 hectares (329.38 acres) excluding roads, yards and buildings and enjoys good access from the public road network. There is an internal farm track system which provides access to some of the fields. The farming policy is currently based on rotational cereals with a break crop of winter oil seed rape and has been used for livestock production in the past.

The majority of the land is classified as Grade 3(2) according to the Hutton Institute with high yields of malting quality barley, wheat, oilseed rape and grass being often obtained. Other crops including potatoes have been grown in the past. The land is in excellent heart being rotationally farmed in addition to receiving organic manure on a regular basis.

The land is registered with SGRPID for IACS purposes and is situated between 110 and 130 metres above sea level and is generally of a southerly aspect. The Sporting Rights have been let in recent years.

The land extends to 133.30 hectares (329.38 acres) and comprises 14 enclosures, the majority of which are classified as Grade 3(2). Current cropping includes winter wheat, winter barley, winter oil seed rape and spring barley.

GENERAL INFORMATION

SELLERS SOLICITORS
Ledingham Chalmers LLP, Johnston House, 52 – 54 Rose Street, Aberdeen, AB10 1HA. Telephone 01224 408408.

LOCAL AUTHORITY
Aberdeenshire Council, Gordon House, Blackhall Road, Inverurie, AB51 3WA. Telephone 01467 530777.

RURAL PAYMENTS AND INSPECTION DIRECTORATE
Thainstone Court, Inverurie, AB51 5YA, Tel: 01467 626222. Farm Code 040/0052. On completion of the sale the purchaser will be required to apply to RPID for a new holding number as Corskie forms part of a larger holding.

METHOD OF SALE
For sale as a Whole.

BASIC PAYMENT SCHEME
The majority of the land is eligible for claiming Basic Payments. The Basic Payment Scheme entitlements have been established by the seller and are not included in the sale of the land. A buyer(s) will take over and pay for at valuation the Basic Payment Scheme entitlements established on the land for sale. All payments relating to the 2018 year will be retained by the seller. The buyer(s) will be responsible upon occupation of the subjects of sale to fully comply with the statutory management requirements to maintain the farmland in Good Agricultural and Environmental Condition as laid down under the cross Compliance Rules of the Basic Payment Scheme 2018 for the rest of the scheme year. It is understood that 128.37 units of Region 1 @ €164.81/unit + greening of Basic Payment Scheme entitlements are available.

SPORTINGS
The Sporting Rights are included in the sale, insofar as they are owned. The Sporting Rights have been leased in recent years to a third party with the current lease due to expire on 1 February 2019.

MINERALS
The Mineral Rights are included in the sale, insofar as they are owned.

TIMBER
All fallen and standing timber is included in the sale insofar as they are owned. The farm participates in a Woodland Grant Scheme and the purchaser will be obliged to sign a WGS transfer of obligation form to comply with the ongoing management of the woodlands.

POSSESSION AND ENTRY
Vacant possession and entry will be given on completion or such mutual time to be agreed by the seller and the purchaser.

INGOING VALUATION
The purchaser(s) shall, in addition to the purchase price, be obliged to take over and pay for at a valuation to be agreed by a mutually appointed valuer(s) with respect to the following:

All cultivations and growing crops on a seeds, labour, lime, fertilizer, sprays and machinery basis with an increment representing the enhanced value of the establishment and age of such crops.
All hay, straw, roots, silage, whole crop and farmyard manure and other produce at market value. All oils, fuels, fertilizers, sprays, chemicals, seeds and sundries at cost.

Note: If the amount of the valuations has not been agreed on the date fixed for completion, then the purchaser shall pay to the seller such a sum as the selling agents shall certify on account at the valuation pending agreement. Should the payment not be made within seven days then the interest will become payable on outstanding monies at 8% over the Bank of Scotland borrowing rate as adjusted from time to time.

SERVICES
Corskie is served by private water supply with both mains water and mains electricity being available nearby.

PLANNING
Informal discussion with Aberdeenshire Council Planning Department suggests that consent may be granted for an residential unit on the land provided that it can be demonstrated that this is essential to house someone employed on the farm. Potential purchasers are recommended to make their own enquiries with the planners on this matter.

DEPOSIT
A deposit of 10% of the purchase price shall be paid within seven days of the completion of Missives. The deposit will be non-refundable in the event of the purchaser(s) failing to pay the purchase price or failing to complete for reasons not attributable to the seller of the seller’s agents.

HEALTH & SAFETY
The property is an agricultural holding and appropriate caution should be exercised at all times during inspection.

MORTGAGE FINANCE
Galbraith are approved agents for the Agricultural Mortgage Corporation (AMC) and we can assist you in securing finance loans for a variety of farming purposes including the purchase of land and property, facilitate and reschedule debt, and to provide working capital for diverse creation, and improving on erected farm buildings. For further details and to discuss any proposals in connection please contact Robert Taylor on 0800 3899448. Email: robert.taylor@galbraithgroup.com

CLOSING DATE
A closing date may be fixed. Prospective purchasers who have noted their interest through lawyers to Galbraith, in writing, will be advised of a closing date, unless the property has been sold previously. The Seller will not be obliged to accept the highest, or indeed any offer, and has the right to accept an offer at any time or withdraw the property from the market. The Seller will not be liable for any costs incurred by interested parties.

OFFERS
Formal offers in the acceptable Scottish form should be submitted, through a Scottish Lawyer, to Galbraith, 337 North Deeside Road, Cults, Aberdeen, AB15 9SN.

THIRD PARTY RIGHTS AND SERVITUDES
The subjects are sold together with and subject to all existing rights of way, servitudes, wayleaves and others whether contained in the Title Deeds or otherwise, and purchasers will be deemed to have satisfied themselves in all aspects thereof.

The water supply to Corskie rises at the field adjacent to the Glack Wood and serves the land at Corskie, Backhill of Glack, Bogendinnie and field troughs at Courtcairn. Backhill of Glack enjoys a right of access along the track marked A/B on the sales plan with Bogendinnie enjoying a right of access where marked A/C on the sales plan. A right of access to the Hill of Corskie plantations is reserved where marked D/E on the sales plan.

Annual income is received in respect of some of the electricity and BT infrastructure on the farm. A high pressure gas pipeline traverses fields 99, 101, 102, 103, 105, 109 and 111.

IMPORTANT NOTES
These particulars are intended to give a fair and overall description of the property. If any points are relevant to your interest, please ask for further information, prior to viewing. Prospective purchasers are advised to seek their own professional advice. Areas, measurements and distances are given as a guide. Photographs depict only certain parts of the property. Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of service and appliances. These particulars shall not be binding on our clients whether acted on or otherwise, unless the same is incorporated within a written document, signed by our clients or on their behalf, satisfying the requirements of Section 3 of The Requirements of Writing (Scotland) Act 1995. Particulars were prepared and photographs taken in April 2018.