Old Kendal Wood

Old Kendal Wood comprises a mixed species woodland, the majority of which is productive Sitka spruce being planted in 2003. The woodlands are approaching thinning stage there being good potential from timber income. There are no outstanding grants or obligations in respect of the woodlands. The wood enjoys good vehicular access for timber extraction from the public road network. Included in the sale is the site of the former croft known as Black Strath which has considerable development potential, subject to the relevant consents being obtained.LOCATIONOld Kendal Wood is located 5 miles east of Inverurie and 4 miles north west of Newmachar, in the county of Aberdeenshire.VIEWINGSTRICTLY BY APPOINTMENT with the sole selling agents –Galbraith, 337 North Deeside Road, Cults,Aberdeen, AB15 9SN. Tel: 01224 860710. Fax: 01224 869023. Email: aberdeen@galbraithgroup.comGENERAL INFORMATIONSELLERS SOLICITORSLedingham Chalmers LLP, Johnston House, 52 – 54 Rose Street, Aberdeen, AB10 1HA. Telephone01224 408408.LOCAL AUTHORITYAberdeenshire Council, Gordon House, Blackhall Road, Inverurie, AB51 3WA. Telephone 01467530777.FORESTRY COMMISSIONForestry Commission Scotland, Grampian Conservancy, Portsoy Road, Huntly, AB54 4SJ.Telephone 0300 067621.METHOD OF SALEFor sale as a Whole.TAXATIONAt present, all revenue from timber sales is exempt from Income and Corporation Tax. Additionally, there is no Capital Gains Tax on growing timber although there may be a liability on the land. Under the current 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.SPORTINGSThe Sporting Rights are included in the sale, insofar as they are owned.MINERALSThe Mineral Rights are included in the sale, insofar as they are owned.POSSESSION AND ENTRYVacant possession and entry will be given on completion or such mutual time to be agreed bythe seller and the purchaser.DEPOSITA deposit of 10% of the purchase price shall be paid within seven days of the completion ofMissives. The deposit will be non-refundable in the event of the purchaser(s) failing to pay thepurchase price or failing to complete for reasons not attributable to the seller of the seller’sagents.HEALTH & SAFETYThe property is an agricultural holding and appropriate caution should be exercised at all times during inspection and viewers should be aware of the potential hazards within the woodlands when viewing.CLOSING DATEA closing date may be fixed. Prospective purchasers who have noted their interest throughlawyers to Galbraith, in writing, will be advised of a closing date, unless the property has beensold previously. The Seller will not be obliged to accept the highest, or indeed any offer, and hasthe 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.OFFERSFormal 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 SERVITUDESThe subjects are sold together with and subject to all existing rights of way, servitudes, wayleavesand others whether contained in the Title Deeds or otherwise, and purchasers will be deemedto have satisfied themselves in all aspects thereof. A right of access has been retained over thetrack shown A/B on the sales plan.