Glenquicken Forestry - Lot 2

• Projected £100k per annum annualised timber income
• 350 acres of high quality, very productive, mainly Spruce forest.
• Potential wind development opportunities
• Lapsed planning for a retreat centre at Craigneuk Farmstead (ruinous).
• *Additional information for all Lots provided by the seller is held in an online data room. Interested parties should request access to this from the selling agents.*

LOT 2 – Exceptional Conifer Forest, approved new woodland, lapsed retreat centre, and windfarm proposal. (434.72 acres).The exceptional conifer forest extends to approximately 350 acres and is predominantly sitka spruce with areas of significant growth up to YC40. It was planted in 1992 with mainly sitka spruce with some lodgepole pine and smaller areas of Scots pine, douglas and noble fir, and a mixture of broadleaves. Norway spruce and hybrid aspen have been added in recent replanting.There is an approved Long Term Forest Plan in place which details a 20 year period of forestry management including felling and restocking. The current plan has three remaining felling phases at 8-year intervals starting 2030 and averaging circa 20 hectares per phase. When annualised income is calculated by the seller at over £100k per annum, based on quality, growth and optimal felling time. The woodland has good access and is in close proximity to the A75 trunk road.Within the Long Term Forest Plan (LTFP), there is circa 15 hectares of open space with potential for additional planting. The Long-Term Forest Plan is due for renewal by 2030 and includes the species diversification of the aspen forest (Lot 4). The formation road through the approved new planting area in Lot 2 is designed to link through existing forest which reduces the extraction distance. Approved New Woodland Creation (circa 75 acres)Approval is for approximately 30 hectares (75 acres) of new woodland creation. The site is currently mainly bracken and sheltered by topography. YC 18 or better is expected based on the nearby forest and ground quality.Approval is for mainly sitka spruce with 15% hybrid aspen on bracken areas for landscape and biodiversity. Previously, the hybrid aspen which was planted in 1997 grew above the bracken in the 1st year and is now circa 24m tall. The road formation has been put in for access for new planting.Within the current LTFP, there is a circa 15 hectares (35 acres) of open space which, could be used for further woodland creation.Lapsed Retreat CentreThe former Craigneuk Steading is a pre 1700 ruinous farmhouse under Craigneuk Fell. It has lapsed planning permission for a Retreat Centre, and benefits from landscape views across Wigtownshire (to Cairnsmore of Fleet.)Windfarm proposalThe purchaser has the option to sign a 12-month exclusivity and subsequent option agreement with RME for their consideration of Glenquicken Lot 2 and 3 as a wind area. The proposal includes between three and five 350m tall turbines. There is the possibility to generate significant income from the scheme, with payments due to the landowner for the option and exclusivity in addition. Further information and proposed option and payments are available in the additional information.Lot 1 (Glenquicken House) to receive 50% of turbine rental income from Lot 2. *The seller has produced a comprehensive information pack about Glenquicken estate and its current and future opportunities. Please contact the selling Agent to request access to the Data Room of information & maps. *