Land for saleGallow Hill Woodland, Kemnay, Aberdeenshire, AB51
- 76.7 acres (31 hectares)
- A Mixed Commerical Woodland
- Situated close to timber markets
- For sale as a Whole
- 76.70 acres (31.04 hectares) in all
Gallow Hill Woodland is situated 18 miles north west of the City of Aberdeen, being 3 miles north west of Dunecht and 7 miles south west of Inverurie in a well known farming area.
A large proportion of the woodland was planted in the 1970’s and is now approaching harvestable stage with the majority of the native broadleaves being planted in the 1990’s.
Ledingham Chalmers LLP, Johnston House, 52 – 54 Rose Street, Aberdeen, AB10 1HA. Telephone 01224 408408.
Aberdeenshire Council, Gordon House, Blackhall Road, Inverurie, AB51 3WA. Telephone 01467 530777.
Forestry Commission Scotland, Grampian Conservancy, Portsoy Road, Huntly, AB54 4SJ. Telephone 0300 067621.
METHOD OF SALE
For sale as a Whole.
At 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.
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.
The Mineral Rights are included in the sale, insofar as they are owned.
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.
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 and viewers should be aware of the potential hazards within the woodlands when viewing.
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.
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. A right of access has been retained over the track shown A/B on the sales plan.
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