Forest for sale...for £1.675 million
The sporting rights are included in the sale of the property with excellent Roe deer stalking, averaging 7 - 8 does and 4 - 5 bucks per annum.
The mineral rights are included except those reserved by statute. The Scottish Coal Company Ltd
(SCCL) have a lease over 100.30 hectares of Carmacoup which is in place until 20 December 2014 with an option to extend for a further 3 years. The extent of the lease is shown on the sale plan and the lease provides an annual rent of £1,575 per annum and a tonnage rent of £1.79 per tonne of coal extracted, which is reviewed annually in line with RPI. 12.43 hectares has been felled by the tenant, providing timber compensation at agreed rates. The tenant has so far only extended the Glentaggart Surface Mine into 4.72 hectares of the eastern corner of Carmacoup, yielding approximately 14,000 tonnes of coal.
Based on site investigation results, further excavation is presently unlikely. The tenant is however
bound to restore the excavated area to a standard suitable for replanting and to reinstate the road line by the end of 2012. Following reinstatement the owner of Carmacoup Forest will have a commitment to replant the felled area of 12.43 hectares and will be paid £400 per hectare by the tenant for doing so, as per the terms of the lease and planning permission granted by South Lanarkshire Council.
A small area of land, amounting to 1.02 hectares, shown hatched in the southern corner of the sale
plan was recently acquired and is included in the sale. This area has been worked by SCCL and the
purchaser of Carmacoup will be expected to enter into an undertaking to accept the obligations
placed on this section of land, terms of which are similar to the present lease with SCCL.
For further information on the terms of the lease, planning permission and undertaking please contact the selling agents.
The current owners have negotiated an exclusivity agreement, which is in the process of being finalised. This will grant the developer the right to explore the potential for a much wider wind farm application, extending beyond Carmacoup Forest onto neighbouring properties to the south and west. The seller is to retain a standard security of 25% of any uplift in the value of the property derived from any wind energy projects granted planning consent. This will apply over the property for a period of 15 years from the date of entry with terms to be agreed. Further information on this is available on request from the selling agents.
The owners (SCCL) of the adjacent land known as Chapel Hill have the right to construct a new
access route, should the need arise between points A7 - A8, although unlikely as this area has now
The neighbouring proprietors of Hareshaw Hill Forest to the south have a right to construct a new
forest access road between points A5–A6–A7-A8, for the purpose of timber extraction. Although it
is more likely that they would wish to negotiate use of the existing forest access road in practice.