MAVISTON NAIRN, MORAYSHIRE

M AVISTON

productive christmas tree farm on fertile arable land offering immediate income potential About 238 acres stocked Over 675,000 trees planted 2008 to 2012 Immediate income potential from tree sales General purpose farm building About 249 acres in total for sale as a whole

Nairn – 3.5 miles Inverness – 20 miles Elgin – 20 miles

Location Maviston is situated about 3.5 miles east of the popular coastal town of Nairn on the southern shore of the Moray Firth, famous for its mild and dry climate and magnif centi countryside which supports thriving agricultural and forestry industries and provides opportunity for a wide range of sporting and leisure pursuits. Inverness lies 20 miles to the west, and has all the facilities of a modern city including an airport (13 miles) which offers regular f ightsl to the south and to Europe. Elgin is about 20 miles to the east.

Directions From Inverness, take the A96 towards Nairn. Follow the A96 through Nairn and after crossing the bridge over the River Nairn take the second left on to Lochloy Road. Continue on Lochloy Road for about 3 miles . You will see two f elds of Christmas trees on the right, and thei entrance to the building at Maviston is just after the houses on the left hand side.

Maviston can be found on OS sheet 1:50,000 number 27, grid NH941584.

Description Land Maviston consists of a block of productive land extending in total to about 249 acres. The land is predominantly classif ed as Class 3(2) by the James Hutton Institute, withi a thin band of Class 4(2) running through the centre of the farm, and lies at between approximately 10m and 30m above sea level. Being on the Moray Firth, Maviston benef ts from a moderate climate in both winter andi summer. The land is predominantly f at or gentlyl undulating, which combines with the climate and free draining soils to create ideal conditions for the growing of Nordmann f r, with growth rates exceeding those seen ini many other areas of Scotland and Europe.

The land currently planted with Christmas trees extends to about 238.5 acres split between nine separate enclosures. The planted areas have good quality perimeter deer fencing and are either accessed directly off the public road or via a well maintained internal farm track. Much of the land benef ts from f eld drains which were installed byii the previous owner and have been well maintained in recent years. Plans of the drainage scheme are available on request. The light soils and drainage systems ensure excellent ground conditions for tree harvesting and maintenance work in the winter months, with the internal tracks and roads designed to withstand winter harvesting conditions.

In addition to the productive land there is a further 2.8 acres of mature mixed conifer woodlands which form shelter belts, and areas of open ground with an attractive wetland and pond which extend to about 8 acres.

Infrastructure A yard area and open sided steel portal framed shed (30m x 15m) in Field 3 are currently used as the centre of operations during harvesting periods and for general storage. The yard has recently been extended and will shortly be undergoing further works to ensure suff cienti space for loading lorries at harvest time. There is mains water to the shed and provisions are being made for an electricity supply. There is a telephone connection to the shed.

Important notice Savills, their clients and any joint agents give notice that 1: They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. savills.co.uk

Savills Perth perth@savills.com 01738 477525

Standing Crop Planting of the existing crop took place between 2008 and 2012. Nordmann f r is the predominant species, with thei exception of compartment 8a where 8.4 acres of Abies lasiocarpa have been planted.

The crops are laid out as per the schedule below and the sale plan.

As a result of the very experienced management team, from the outset the emphasis has been placed on producing good quality trees for the cut market. A rigorous regime of pruning, weeding, spraying and fertilising has been employed from planting right through to harvest in order to optimise growth rates and tree shape to meet the demands of the market and maximise returns.

The Christmas tree crop included within the sale comprises over 675,000 trees with planting years ranging from 2008 to 2012. Annual harvesting is now well underway, with trees being selectively cut in order to leave the remaining crop with suff cient spacing to continue toi grow and develop. Allowing for some losses due to damage, a harvest of 90% of the trees originally planted in each rotation is anticipated. Forecast tree numbers to be harvested from the f rst rotation are as follows: i

Maviston offers a purchaser the potential of a signif canti income stream over the next seven years. Trees identif edi to form part of the current year’s harvest could either be specif cally excluded from the sale and harvested and soldi by the seller, or included within the sale, leaving the purchaser to harvest and market these trees accordingly.

As the f rst rotation comes to an end, the purchaser willi have the option to re-plant a second rotation as harvest is completed, or to restore the land back to arable farmland, for which it would be well suited. This can be achieved through mulching or the mechanised removal of the stumps and is now a well known practice.

Comp Area (ac) Area (ha) Crop Planting year

No. Trees

1 24.28 9.825 Nordman 2008 44,409 2 57.06 23.09 Nordman 2008 121,167

1.33 0.54 Open ground

3 51.20 20.72 Nordman 2009 150,152 4 6.77 2.74 Nordman 2009 18,899 5 8.40 3.4 Nordman 2011 23,898

10.28 4.16 Nordman 2011 34,257 6 5.68 2.3 Open

ground

1.51 0.61 Mixed conifers

24.09 9.75 Nordman 2011 78,093 9.61 3.89 Nordman 2011 30,289 1.31 0.53 Mixed

conifers

7 23.03 9.32 Nordman 2012 76,760 8 8.45 3.42 las 2011 28,979

0.96 0.39 Open ground

9 10.23 4.14 Nordman 2009 49,404 5.07 2.05 Nordman 2011 19,060

Total 249.26 100.88 675,367

Year 2015 2016 2017 2018 2019 2020 2021 Total

Forecast harvest (trees)

97,863 112,374 86,191 110,932 76,614 71,385 52,471 607,830

Comp Area (ac) Area (ha) Crop Planting year

No. Trees

1 24.28 9.825 Nordman 2008 44,409 2 57.06 23.09 Nordman 2008 121,167

1.33 0.54 Open ground

3 51.20 20.72 Nordman 2009 150,152 4 6.77 2.74 Nordman 2009 18,899 5 8.40 3.4 Nordman 2011 23,898

10.28 4.16 Nordman 2011 34,257 6 5.68 2.3 Open

ground

1.51 0.61 Mixed conifers

24.09 9.75 Nordman 2011 78,093 9.61 3.89 Nordman 2011 30,289 1.31 0.53 Mixed

conifers

7 23.03 9.32 Nordman 2012 76,760 8 8.45 3.42 las 2011 28,979

0.96 0.39 Open ground

9 10.23 4.14 Nordman 2009 49,404 5.07 2.05 Nordman 2011 19,060

Total 249.26 100.88 675,367

Year 2015 2016 2017 2018 2019 2020 2021 Total

Forecast harvest (trees)

97,863 112,374 86,191 110,932 76,614 71,385 52,471 607,830

Planning There is currently no farmhouse on Maviston. Subject to obtaining the necessary consents from Highland Council, it is possible that consent for a house from which to manage and run the farm could be granted, which would add to the farm as a whole considerably. No enquiries have been made with Highland Council to date, but there are a number of locations on Maviston which would form extremely attractive sites for a house. Further enquiries should be made to Highland Council.

General Remarks and Information Viewing Strictly by appointment with Savills. Given the potential hazards of a working farm, we request you take care when viewing the property, especially around the farm yard.

Entry and possession Entry to be by arrangement.

Offers Offers in Scottish Legal Form are to be submitted to the selling agents, Savills, 55 York Place, Perth, PH2 8EH. A closing date for offers may be f xed, and prospectivei purchasers are advised to register their interest with the selling agents following inspection. The seller is Maviston Ltd.

Fixtures and Fittings There is no machinery or equipment included in the sale but certain items may be available to purchase separately.

Servitude Rights, Burdens, Wayleaves And Statutory Public And Other Access Rights The property is sold subject to and with the benef t of alli existing servitude and wayleave rights, including rights of access and rights of way, whether public or private. The property is also sold subject to the rights of public access under the Land Reform (Scotland) Act 2003. The purchaser(s) will be held to have satisf ed themselves as toi the nature of all such servitude rights and others following their solicitors’ examination of the title deeds.

Basic Payment Scheme For the avoidance of doubt there are no Basic Payment entitlements included in the sale.

Sporting Rights The sporting rights are in hand.

Mineral and Timber Rights In so far as they are owned, the mineral rights are included in the sale. All standing and fallen timber is included in the sale.

Local Planning Department Highland Council. Tel 01349 886608. www.highland.gov.uk.

STIPULATIONS Purchase Price Within 7 days of the conclusion of missives a non-returnable deposit of 10% of the purchase price shall be paid.

The balance of the purchase price will fall due for payment at the date of entry (whether entry is taken or not) with interest accruing thereon at the rate of 5% above Bank of Scotland base rate. No consignation shall be effectual in avoiding such interest.

Disputes Should any discrepancy arise as to the boundaries or any points arise on the Remarks, Stipulations or Plan or the interpretation of any of them, the question shall be referred to the arbitration of the selling agents whose decision acting as experts, shall be f nal. i

Plans, Areas and Schedules These are based on the Ordnance Survey and are for reference only. They have been carefully checked and computed by the selling agents and the purchaser shall be deemed to have satisf ed himself as to the description ofi the property and any error or mis-statement shall not annul the sale nor entitle either party to compensation in respect thereof.

Overseas Purchasers Any offer by a purchaser(s) who is resident outwith the United Kingdom must be accompanied by a guarantee from a banker who is acceptable to the sellers.

Lotting It is intended to offer the property for sale as described, but the seller reserves the right to divide the property into further lots, or to withdraw the property, or to exclude any property shown in these particulars.

Generally Should there be any discrepancy between these particulars, the General Remarks and Information, Stipulations and the Missives of Sale, the latter shall prevail.

Apportionments All outgoings shall be apportioned between the seller and the purchaser(s) as at the date of entry.

Solicitors Anderson Strathearn 1 Rutland Court Edinburgh EH3 8EY

Telephone: 0131 270 7700 Email: info@andersonstrathern.co.uk

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Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:12331

Ordnance Survey © Crown Copyright 2015. All rights reserved. Licence number 100022432. Plotted Scale - 1:328438

NOTE Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100022432 Savills (L&P) Limited.