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Land for sale
Craigmill Forest Estate, Dallas, IV36
£7,250,000
Craigmill Forest Estate, Dallas, IV36
£7,250,000
Our Summary
- The Estate is rich in biodiversity and Natural Capital and provides an opportunity for ecosystem restoration
- Residential Development Potential There are four sites which have been identified for potential development as shown on the sale plan
- * Site of Former Coldwells Cottage - Planning Permission is currently in place for the erection of a single detached dwelling on this site
- * Site West of Hummel Burn Lodge - Planning Permission for a single detached house on this site was approved by the Moray Council on 10th November 2011, now lapsed
- Subject to gaining planning consent could be redeveloped into an attractive residential dwelling
- * Site at Black Burn Bridge - Planning Permission was approved in December 2012 for a single detached house, with deemed commencement having been confirmed in June 2016
- The house is in need of modernisation
- The old Wester Meikle Branchill Steading, adjacent to the property does not form part of the regulated tenancy and may offer a future redevelopment opportunity
- Renewable Energy Clawback Clause Desktop analysis has suggested that there is potential for wind turbines on the southern part of the Estate around the area known as Lonehill and Millbuie
- The Agreement will require the purchaser to pay 30% of income derived from any windfarm development (excluding any timber compensation payments) for a period of 35 years from the date of commissioning of the development relative to any planning permission that is secured within a 15-year period from the date of sale
- The cull records show an average of 15 beasts per year but there is potential for a higher cull to be taken
Description
Craigmill Forest Estate is a 1,311-hectare property situated in Moray, Scotland, approximately 9 miles northwest of Forres and 30 minutes from Inverness airport. The estate offers a prime opportunity for forestry investment in a region renowned for its forestry, sporting opportunities, and scenic beauty. The property has convenient access to established timber markets and is within easy reach of many major towns and cities. The estate comprises stunning hills and commercial woodlands, with a mix of Scots pine, Sitka spruce, and other coniferous species. The forestry extends to 900.84 hectares, with 619.31 hectares dedicated to commercial crops, and is expected to receive a harvesting income of around £200,000 in the next few years. The property also has residential development potential, with four identified sites, including a site with planning permission for a single detached dwelling. The estate is rich in biodiversity and natural capital, providing an opportunity for ecosystem restoration.