Land At Mormond Hill

Strichen, Fraserburgh, Aberdeenshire, AB43 7AX

Offers Over £375,000

125.3 acres

The land at Mormond Hill comprises of open landscape extending to 50.70 hectares (125.30 acres) being suitable for a wide variety of agricultural, natural capital and amenity uses, subject to the relevant consents (if applicable) being obtained. The land also includes the site of the Mormond Stag, being a well-known local landmark.LOCATIONThe land at Mormond Hill is situated 3 miles north east of Strichen, 5 miles south west of Fraserburgh in the county of Aberdeenshire.VIEWINGStrictly by appointing 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 SOLICITORSJames & George Collie, Solicitors, 1E Craibstone Street, Aberdeen AB11 6YQ.LOCAL AUTHORITYAberdeenshire Council, Buchan House, St Peter Street, Peterhead AB42 1QF. Telephone 01467 537259 .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 by the seller and the purchaser.DEPOSITA 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 & SAFETYThe property is an agricultural holding and appropriate caution should be exercised at all times during inspection and viewers should be aware of all potential hazards when viewing.CLOSING DATEA 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.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, wayleaves and others whether contained in the Title Deeds or otherwise, and purchasers will be deemed to have satisfied themselves in all aspects thereof. Third parties have a right of access over the track shown A/B on the sales plan.