COED CWM LLETTY Llanbadarn Fawr, near Aberystwyth, Ceredigion

4.08 Hectares / 10.09 Acres

A mature small commercial woodland, principally Douglas fir, a short distance from the town of Aberystwyth.

LONG LEASEHOLD FOR SALE BY PRIVATE TREATY

Guide Price £45,000

15 Dyer Street, CirencesterGloucestershire GL7 2PPTel: 01844 291384Email: woods@johnclegg.co.uk

www.johnclegg.co.uk

COED CWM LLETTY

Aberystwyth 2 miles Machynlleth 17 miles Llangurig 29 miles (all distances are approximate)

DIRECTIONS From the town of Aberystwyth travel east on the A44 for approximately 2½ miles turning right off the main road at the sign for the Glanyafon Industrial Estate. Follow the road for approximately two thirds of a mile and turn left signed Rheidol Riding School. Follow this road for one mile and the wood rises to the right hand side of the road. Please park in the gateway, point A on the sale plan. OS 1:50,000 Map 135 Ref SN629805. Nearest post code SY23 3HP. VIEWING Viewing is possible without appointment at any time during daylight hours so long as prospective purchasers are in possession of a set of these sale particulars. For your own personal safety please be aware of hazards within the woodland when viewing. TENURE Leasehold. The property is held on a 999 year lease dating from 23 February 1961. The annual rent is £1.50 and is fixed for the full term of the lease. The rental has been paid for this year and will not be apportioned on completion. A copy of the lease can be viewed on the Selling Agent’s website www.johnclegg.co.uk DESCRIPTION Coed Cwm Lletty sits between Aberystwyth and Capel Bangor to the south of the A44. The wood may be accessed directly off the county highway and, whilst in need of scraping off, the track has been used previously for thinning purposes. This track winds up through the property and, where the crops allow, offers an excellent view of the surrounding countryside. The topography of the wood is reasonably steep but it remains accessible via the track. The current owner has been granted planning permission to upgrade the access track and create a loading bay. Details of this are available from the Selling Agents. Loamy free draining soils has provided reasonable growing conditions for the woodland plantation. The crop principally comprises a stand of circa 1960 Douglas fir.

This has been thinned previously and subsequently a small area was subject to wind throw. This was tidied up and then left to naturally regenerate producing a pleasant mixed broadleaf compartment. These sweet chestnut and oak stems could provide a small firewood income or plentiful supply for personal use. The Douglas fir crop itself is of an acceptable form and is fringed with smaller elements of Japanese larch. Both of these crops are mature and subject to the approved felling licence can now be harvested and sold into the timber market. The felling licence permits the felling of approximately 1800m³ of timber over 4.2 hectares with this to be replanted with 75% Douglas fir, 15% Norway spruce and 10% mixed broadleaves. Following this the land could either be sold bare (with the restocking liability) or restocked and the next timber rotation commenced. A copy of the felling licence can be viewed on the Selling Agent’s website www.johnclegg.co.uk For those looking to purchase a wood for inclusion into a SIPP or for amenity use this property also provides good potential. With some gentle management a prospective purchaser could take advantage of the private location, plentiful firewood supply and good views either for their own enjoyment or to add value to the property for future resale. MANAGEMENT The wood has been managed by Andrew Bronwin & Co Ltd, Brynllys, 11 High Street, Llandrindod Wells, Powys LD1 6AG telephone 01597 825900. Mr Andrew Bronwin will be pleased to discuss future management with prospective purchasers. TAXATION After two years ownership, commercially managed woods qualify for 100% relief from Inheritance Tax. Timber sales are free of all Income Tax and do not attract Capital Gains Tax. In certain circumstances it is possible to roll-over Capital Gains into the proportion of the purchase price attributable to the value of the land. SPORTING RIGHTS The sporting rights are excluded from the lease. There is no evidence within the wood that they are currently exercised. The right to control vermin and deer is granted in the lease.

COED CWM LLETTY

COED CWM LLETTY MINERAL RIGHTS These are excluded from the lease. A right to extract materials for forestry purposes is granted. FENCING The woodland is subject to a fencing liability against adjoining agricultural land. RIGHTS AND EASEMENTS The woodland is sold subject to and with the benefit of all rights, including rights of way, whether public or private, light, support, drainage, water, gas and electricity supplies and any other easements. WAYLEAVES The woodland is sold subject to all existing wayleaves and purchasers will be deemed to have satisfied themselves as to the routes thereof. PLANS AND AREAS These are based on the Ordnance Survey and are for reference only. The purchaser shall be deemed to have satisfied himself as to their accuracy and any error or mis-statement shall not annul the sale or entitle any party to compensation in respect thereof.

TENURE AND POSSESSION Leasehold. Vacant possession will be given on completion, subject to the reservations noted. METHOD OF SALE Coed Cwm Lletty is offered for sale by Private Treaty. Prospective purchasers should register their interest with the Selling Agents to whom offers should be submitted. Please contact our Cirencester office on 01844 291384. Anti Money Laundering Compliance (AML) The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017. This now requires us to conduct due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence and proof of source of funds for the purchase, before the transaction can proceed. Further information can be obtained from the following link:

https://www.gov.uk/guidance/money-laundering-regulations-your-responsibilities

OFFERS AROUND £45,000 ARE INVITED

IMPORTANT NOTICE John Clegg & Co for themselves and for the vendors of this property, whose agents they are, give notice that: (1) These particulars do not constitute nor constitute any part of an offer of a contract (2) All statements contained in these particulars as to the property are made without responsibility on the part of John Clegg & Co or the vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) No warranty is given for the health of the trees within the property for sale. (6) The vendor does not make or give, and neither John Clegg & Co nor any person in their employment has any authority to make or give any representation or warranty in relation to this property. Particulars prepared June 2019. Photographs November 2017.

COED CWM LLETTY MINERAL RIGHTS These are excluded from the lease. A right to extract materials for forestry purposes is granted. FENCING The woodland is subject to a fencing liability against adjoining agricultural land. RIGHTS AND EASEMENTS The woodland is sold subject to and with the benefit of all rights, including rights of way, whether public or private, light, support, drainage, water, gas and electricity supplies and any other easements. WAYLEAVES The woodland is sold subject to all existing wayleaves and purchasers will be deemed to have satisfied themselves as to the routes thereof. PLANS AND AREAS These are based on the Ordnance Survey and are for reference only. The purchaser shall be deemed to have satisfied himself as to their accuracy and any error or mis-statement shall not annul the sale or entitle any party to compensation in respect thereof.

TENURE AND POSSESSION Leasehold. Vacant possession will be given on completion, subject to the reservations noted. METHOD OF SALE Coed Cwm Lletty is offered for sale by Private Treaty. Prospective purchasers should register their interest with the Selling Agents to whom offers should be submitted. Please contact our Cirencester office on 01844 291384. Anti Money Laundering Compliance (AML) The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017. This now requires us to conduct due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence and proof of source of funds for the purchase, before the transaction can proceed. Further information can be obtained from the following link:

https://www.gov.uk/guidance/money-laundering-regulations-your-responsibilities

OFFERS AROUND £45,000 ARE INVITED

IMPORTANT NOTICE John Clegg & Co for themselves and for the vendors of this property, whose agents they are, give notice that: (1) These particulars do not constitute nor constitute any part of an offer of a contract (2) All statements contained in these particulars as to the property are made without responsibility on the part of John Clegg & Co or the vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) No warranty is given for the health of the trees within the property for sale. (6) The vendor does not make or give, and neither John Clegg & Co nor any person in their employment has any authority to make or give any representation or warranty in relation to this property. Particulars prepared June 2019. Photographs November 2017.

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John Clegg & CoCHARTERED SURVEYORS & FORESTRY AGENTS

Scotland: 0131 229 8800 England: 01844 291384 Wales: 01600 730735John Clegg & Co is the forestry division of Strutt & Parker, a trading style of BNP Paribas Real Estate Advisory & Property Management UK Ltd,

a private limited company registered in England and Wales with registered number 4176965 and with registered office address at 5 Aldermanbury Square, London EC2V 7BP

Produced by Pear Technology Services Ltd. www.peartechnlogy.co.uk info@peartechnology.co.uk

15 Dyer Street

www.johnclegg.co.uk

GloucestershireNot ToScale

Cirencester

GL7 2PP

This plan is only for the guidance of intending purchasers. Although believed tobe correct, its accuracy is not guaranteed and does not form part of any contract.Reproduced by permission of Ordnance Survey on behalf of the Controller of

Her Majesty's Stationary Office, Crown Copyright. All rights reserved.Licence No. 100023148

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COED CWM LLETTY