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Studio, in Creetown DG8, £3,500,000
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0 bed property

Creetown DG8
Planning
£3,500,000

Our Summary

  • There is potential to create significant water areas and add further interest to the forest
  • The property previously benefitted from planning permission for conversion into a retreat centre, which has since lapsed
  • There is clear potential to reinstate the previous consent, subject to the necessary approvals, or to pursue an alternative development, offering an exciting opportunity in a highly scenic and tranquil location
  • This presents the potential to generate significant income, with payments payable to the landowner during both the exclusivity and option periods, in addition to any future development returns

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Description

The property is a 249.68-hectare/616.95-acre forest located near Creetown in Dumfries & Galloway, Scotland. The forest sits in a region with favourable growing conditions, mild climate, and productive soils. It is predominantly composed of Sitka spruce, with areas of lodgepole pine, Scots pine, and other species, and features good internal access and proximity to the A75 trunk road.

The forest extends to approximately 140 hectares, with potential for over 60 hectares of additional planting. It has an approved 20-year management plan, including felling and restocking, with an estimated annual income in excess of £100,000. The property also features a ruined farmhouse, known as Craigneuk Steading, which has a lapsed planning permission for conversion to a retreat centre, and a potential windfarm site with the option to enter into an exclusivity and option agreement with RME.