GAFRIW WOODLAND Cribyn, Ceredigion

16.53 Hectares / 40.85 Acres

A young commercial plantation close to the town of Lampeter.

FREEHOLD FOR SALE BY PRIVATE TREATY

Guide Price £115,000

Suite 8, Rectory HouseThame Road, HaddenhamBuckinghamshire HP17 8DATel: 01844 291384Email: woods@johnclegg.co.uk

John Clegg & CoCHARTERED SURVEYORS & FORESTRY AGENTS

www.johnclegg.co.uk

Lampeter 8 miles Newcastle Emlyn 16 miles Llandovery 27 miles (all distances are approximate)

DIRECTIONS Travelling west out of Lampeter on the A475 take the right hand turn just after the Murco petrol station and before the national speed limit signs. Continue along Maestir Road for approximately 4 miles and at the T-junction take the right hand turn into the village of Cribyn. Passing the garage on the right, take the left hand fork and continue on this road for 3 miles and at the crossroads take the right hand turn continue for two-thirds of a mile and turn right into the Gafriw Farm entrance. Drive past the farm and park at point B on the sale plan. OS 1:50,000 Map 146 Ref SN472541. Nearest post code SA48 7RJ. 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. DESCRIPTION Located close to the village of Cribyn in Ceredigion, Gafriw Wood is a substantial block of predominantly 2002 Sitka spruce. Access is via Gafriw Farm where a right of way exists to cross pastureland and enter the main body of the wood. From here a track runs along the south-west boundary and into the larger body of the wood. A separate footpath track runs through the northern section of the wood crossing the River Feinog. The wood sits on the southern side of the River Feinog on an attractive, and in places, steep valley edge. Within the wood springs have carved streams into the rocks and the combination of slopes and water creates a pleasant feel. A successful harvesting operation has been carried out previously as the wood is now in its second commercial rotation. Towards the south-western boundary the topography flattens, here the crops may be easily inspected by way of a ride which has been cut through the understorey brash. Small areas of mixed broadleaf species are dotted about within these crops but it is predominantly Sitka spruce.

The crops that have established on the steeper banks in the eastern end of the wood are of a reasonable form with some remaining elements of Monterey pine. The track through this area has recently been cleared and a ride brashed through the crop to the north and south. This allows good access to view the crops although care will be required in places. The compartments at the bottom of the valley adjacent to the river are principally birch, alder and willow and have several small watercourses cutting through them. The river itself has a significant flow and forms an attractive natural boundary to the wood. Moving north through the property into compartment 2 there is a small element of Sitka spruce and western hemlock to the east of the footpath. These mature trees are of good form, once again the bank has provided excellent growing conditions. To the west of the footpath there is further younger Sitka spruce stocking. This appears to be of good form and had leaders of over 50cm in length. This is a challenging site but one that has previously provided a good crop of commercial softwood. All indications are that the second rotation is performing well.

STOCKING SCHEDULE Cpt. Area

(ha.)P. Year Principal Species

1a 2.10 2002 Sitka spruce 1b 6.50 2002 Sitka spruce 1c 0.50 2002 Sitka spruce; mixed broadleaves1d 0.80 2002 Alder

0.50 - Open ground 1e 1.00 1995 Sitka spruce, Grand fir, willow1f 0.50 - Mixed broadleaves 2a 2.70 2008 Mixed broadleaves 2b 1.70 - Mixed broadleaves Total 16.30 hectares

MANAGEMENT The wood is currently managed by Cambrian Woods Ltd, 21d New Road, Llandeilo, Ceredigion SA19 6DD telephone 01558 822321. Their Mr Tony Powell will be pleased to discuss management with prospective purchasers.

GAFRIW WOODLAND

GAFRIW WOODLAND 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 owned and included in the sale. They are not let. MINERAL RIGHTS These are excluded from the sale. FENCING A fencing liability exists along the boundary marked with inward facing ‘T’ posts. RIGHTS OF WAY The woodland is sold with the benefit of a right of way for the route shown ABC on the sale plan with the right to make up. The woodland is sold subject to a right of way for all purposes in favour of an adjoining owner over the route shown DE on the sale plan. 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 Freehold. Vacant possession will be given on completion. METHOD OF SALE Gafriw Woodland 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 Haddenham 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 requires us to undertake 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 £115,000 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 May 2018.

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Reproduced by permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office. Crown Copyright.

All rights reserved. Licence No. ES 100020416

This plan is only for the guidance of intending purchasers.Although believed to be correct, its accuracy is not guaranteed

and does not form part of any contract.Drawing No S10354-01 Date 26.04.18

Scale1:7,500@ A4

Suite 8, Rectory House, Thame Road,Haddenham,

Bucks, HP17 8DA

Gafriw, nr Lampeter, Wales

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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

GAFRIW WOODLAND