COED Y GELLI Pennal, near Machynlleth, Gwynedd

42.79 Hectares / 105.72 Acres Those looking for a no-frills but profitable commercial forestry investment will be pleased to see Coed Y Gelli. This is a

fertile and productive site now entering its second rotation and will be particularly attractive to those seeking capital appreciation along with low input.

FREEHOLD FOR SALE BY PRIVATE TREATY

Guide Price £320,000

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

www.johnclegg.co.uk

COED Y GELLI

Machynlleth 5 miles Newtown 34 miles Welshpool 42 miles Shrewsbury 62 miles (all distances are approximate)

DIRECTIONS From the centre of Machynlleth take the A487 northwards Dolgellau and Aberdovery. After just over ½ mile turn left onto the A493 towards Pennal and Aberdovery. After around 3.8 miles you will arrive at the hamlet of Cwrt. At the end of the village take the unclassified road forking to the right signposted Happy Valley. After around 600 yards take the hard track branching to the right. Follow this track for around 600 yards past the dwellings on the left and through a galvanised field gate to the forest entrance beyond. OS 1:50,000 Map 135 Ref SH680004. Nearest post code SY20 9JZ. 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 Coed Y Gelli is a predominantly commercial woodland situated close to the stunning Dovey Estuary near Machynlleth, in north east Wales. The holding occupies a steeply sloping site, with a mainly south easterly aspect. Soils are loamy and free draining, overlying siltstone and mudstones. The majority of the original 1960s coniferous crops have now been felled, with the exception of a small patch of Norway spruce in compartment 4a. There is also an area of mature native broadleaf, occupying around a third of the site, in the northernmost compartment. This section of the woodland is designated as Ancient Woodland. The remainder of the holding has been felled and replanted in 3 main phases; 2013, 2015 and 2019. The earliest restock plantings were carried out with broadleaves, which have established well, and are being supplemented by natural regeneration. The 2015 and 2019 restocking phases have been carried out with a mixture of commercial conifer species including Sitka spruce, Douglas Fir and Norway spruce. Growth of the 4 year old Douglas fir in compartment 5a is very good and illustrates the favourable growing conditions the site can offer.

The newly planted (2019) Sitka spruce and Douglas fir areas are fully stocked with A17 and Luzette improved stock respectively, offering the prospect of gains in performance over standard planting material. Maintenance requirements over the current growing season will be met by the current owner up to the point of sale The holding enjoys good access via a hard track suitable for HGVs to around the mid-point of the woodland from where a series of unsurfaced tracks radiate out to all parts of the property. The majority of these would be passable with a 4-wheel drive vehicle and provide easy access on foot to prospective purchasers. From the upper reaches the property commands stunning far-reaching views out over the Dovey estuary. Overall, the property should attract buyers in search of commercial property capable of long term capital growth.

STOCKING SCHEDULE Cpt. Area

(ha.) P. Year Principal Species

1a 2.90 1940 Mixed broadleaves 1b 1.94 1940/2019 Mixed broadleaves; Sitka spruce 2a 4.71 1940/2019 Mixed broadleaves; Sitka spruce,

Douglas fir 3a 8.44 1964/2015 Mixed broadleaves; Sitka spruce;

Norway spruce 4a 3.56 1962/2015 Mixed broadleaves; Norway

spruce 5a 7.26 1962/2015 Mixed broadleaves; Douglas fir 6a 1.09 2013 Mixed broadleaves 7a 0.77 2013 Mixed broadleaves 8a 11.87 1900 Mixed broadleaves Total 42.54 hectares

A compartment plan is available from the Selling Agents upon request. MANAGEMENT The wood is currently managed by Andrew Bronwin & Co Ltd, Brynlls, 11 High Street, Llandrindod Wells, Powys LD1 6AG telephone 01597 825900. Mr Andrew Bronwin will be pleased to discuss future management with prospective purchasers.

COED Y GELLI 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 owned and included in the sale except as reserved by statute. FENCING There are fencing liabilities on approximately 50 percent of the woodland boundary. These are shown with inward-facing T-marks on the sale plan. RIGHTS OF WAY The woodland is sold with the benefit of a right of way for all purposes over the route shown ABC on the sale plan with maintenance according to use. 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 with maintenance according to use. 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 Coed Y Gelli 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 £320,000 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 2019.

COED Y GELLI 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 owned and included in the sale except as reserved by statute. FENCING There are fencing liabilities on approximately 50 percent of the woodland boundary. These are shown with inward-facing T-marks on the sale plan. RIGHTS OF WAY The woodland is sold with the benefit of a right of way for all purposes over the route shown ABC on the sale plan with maintenance according to use. 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 with maintenance according to use. 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 Coed Y Gelli 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 £320,000 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 2019.

COED Y GELLI 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 owned and included in the sale except as reserved by statute. FENCING There are fencing liabilities on approximately 50 percent of the woodland boundary. These are shown with inward-facing T-marks on the sale plan. RIGHTS OF WAY The woodland is sold with the benefit of a right of way for all purposes over the route shown ABC on the sale plan with maintenance according to use. 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 with maintenance according to use. 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 Coed Y Gelli 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 £320,000 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 2019.

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ll rights reserved. Licence No. ES 100020416

This plan is published for the convenience of the intending purchasers only.

Although believed to be correct its accuracy is not

guaranteed and it does not form part of any contract.

Scale 1:8,000 @ A

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15 Dyer S

treet, Cirencester,

Gloucestershire G

L7 2PP

Tel:01844 291384

and at Monm

outh Tel: 01600 730735and E

dinburgh Tel: 0131 229 8800D

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Coed Y

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Stone Track

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

www.johnclegg.co.uk

Not ToScale

Gloucestershire

15 Dyer StreetCirencester

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 ofHer Majesty's Stationary Office, Crown Copyright. All rights reserved.

Licence No. 100023148

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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

COED Y GELLI 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 owned and included in the sale except as reserved by statute. FENCING There are fencing liabilities on approximately 50 percent of the woodland boundary. These are shown with inward-facing T-marks on the sale plan. RIGHTS OF WAY The woodland is sold with the benefit of a right of way for all purposes over the route shown ABC on the sale plan with maintenance according to use. 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 with maintenance according to use. 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 Coed Y Gelli 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 £320,000 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 2019.