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IRISH FORESTRY PORTFOLIO
561.64 Hectares / 1,387.81 Acres
FREEHOLD AND LEASEHOLD PROPERTIES FOR SALE IN 4 LOTS OR AS A WHOLE
John Clegg & Co
CHARTERED SURVEYORS & FORESTRY AGENTS
0
125
250
500
Meters
Slievenakilla Forest,
Co. Leitrim
Birdhill Forest,
Co. Tipperary
Glennagross Forest,
Co. Clare
Foynes Island Forest,
Co. Limerick
IRISH FORESTRY PORTFOLIO
Republic of Ireland
561.64 Hectares / 1,387.81 Acres
A unique opportunity to purchase four well-established commercial forestry properties, located in various
Counties within the Republic of Ireland, providing a good return on investment from maturing timber.
Close to established timber markets. Sporting rights included.
Freehold and Leasehold Properties for Sale in 4 Lots or as a Whole
Lot 1 – Birdhill Forest
54.58 Ha / 134.86 Ac
Offers Over €475,000
Lot 2 – Glennagross Forest
40.00 Ha / 98.84 Ac
Offers Over €275,000
Lot 3 – Foynes Island Forest
35.71 Ha / 88.23 Ac
Offers Over €165,000
As A Whole Offers Over €1,290,000
SOLE SELLING AGENTS
John Clegg & Co, 2 Rutland Square, Edinburgh, EH1 2AS
Tel: 0131 229 8800 Fax: 0131 229 4827
Ref: Patrick Porteous
Lot 4 – Slievenakilla Forest & Hill
431.35 Ha / 1,065.86 Ac
Offers Over €375,000
LOCATION
The properties are located in separate counties within the
Republic of Ireland, as shown on the location plan, and can be
reached using the following information.
Lot 1 – Birdhill Forest
Situated north-east of Limerick, next to the village of Birdhill in
County Tipperary. The property can be easily reached from the
M7 motorway, turning off on to R494 at junction 27, linking with
the R445. Both public roads link with the single track public road
which provides access to both parts of the woodland, shown on
the sale plan.
It is anticipated that timber extraction from Foynes Island will
be by a floating pier, barge or landing craft, which can be used
on the sheltered shingle beach situated on the south-western
edge of the island. Machinery used for ground preparation in
the establishment of the woodland was originally taken on to the
island in this way.
Timber from Foynes Island can then be taken to a transfer
point owned by the vendor at Foynes Port for haulage to timber
markets or, alternatively, exported by sea.
Lot 2 – Glennagross Forest
Found just north of Limerick, on the northern slopes of
Woodcock Hill in County Clare. The woodland can be reached
from Limerick City by following a single track public road, north
through Moyross, towards the R471. This single track public
road passes along the edge of the woodland and also links with
another single track public road running through the property, as
shown on the sale plan.
Lot 3 – Foynes Island Forest
The island is located in the River Shannon Estuary, just north of
the Port of Foynes in County Limerick. The woodland is situated
on a privately owned island, which is only accessible by boat from
Foynes, which can be arranged.
Lot 4 – Slievenakilla Forest & Hill
Situated south-east of Sligo in County Leitrim and to the east
of Lough Allen. The forest and hill ground is accessible from a
single track public road that passes the eastern edge of the forest,
linking with the R207 public road south of Dowra.
ACCESS
Each property adjoins the public road network, which is suitable
for timber haulage purposes, with the exception of Foynes Island
woodland, which requires access by sea. More specifically, both
Birdhill and Glennagross Woodlands have internal woodland
access tracks, which have been used for timber haulage in the
past, linking with the public road network; whereas, Slievenakilla
will require the creation of a new access road into the forest for
timber extraction purposes in the future. The land surrounding
Slievenakilla is included, as shown on the sale plan, providing
various options for a new access to be constructed into the forest.
Lot 1
Lot 2
Lot 3
Lot 4
DESCRIPTION
The forests vary in age, soil type and species and consequently the
growth in each property is reflected by the growing conditions.
In summary:
Lot 1 – Birdhill Forest, 54.58 Ha/134.86 Ac
The forest was planted in 1988 with predominantly Sitka spruce,
which had its first thinning in 2007; approximately 27 hectares
of the 45.36 hectares of Sitka spruce growing at yield class
18-20 within the forest. Part of the forest (5.7 hectares) was
accidentally burnt then replanted in 1996 with mainly Sitka
spruce. An excellent crop of Ash (9.22 hectares planted in 1988)
is also growing within separate compartments with open rides
for thinning. The Ash is highly prized for its potential in making
hurling sticks and has been managed with this in mind. Some
windblow has occurred within the strip to the north of the main
forest area, within which harvesting should be anticipated shortly.
Access can be taken across the neighbouring land to reach the
public road, as shown on the sale plan. A lease is to be granted for
the duration of the remaining rotation (expected to be no more
than 20 years) in order for all of the standing timber to be felled.
The land, along with the replanting liability, then reverts back to
the landowner. A copy of the draft lease and further information
is available from the Selling Agents upon request.
by the Seller and a lease granted to the purchaser for a period of
20 years in order to extract all of the saleable timber. After this
period of time, the replanting liability reverts to the landowner.
The hill ground extends to approximately 236.50 hectares
/ 584.39 acres, which is ideal for rough shooting of game, in
season, with stunning views east and west across Co. Leitrim.
Also available, by separate negotiation, is the neighbouring
commercial conifer on the west of the island amounting to
approximately 29.25 hectares of 23 year old Sitka spruce.
For further information please contact the Selling Agents.
A copy of the draft lease for Lots 1 and 3, along with further
information, is available from the Selling Agents upon
request.
Lot 4 – Slievenakilla Forest & Hill, 431.35 Ha/1,065.86 Ac
Slievenakilla Forest is to be sold as Freehold with sporting rights
included. The forest was planted in 1987 on less fertile upland
soils with mostly Lodgepole pine and Sitka spruce (106.3 ha) as a
self-thinning intimate mixture, with a further 88 hectares of Sitka
spruce and 22 hectares of Lodgepole pine. Some drainage and
fertilising would be beneficial in improving the current growth
rates where the yield class is estimated to be between YC 10-14,
depending upon the underlying soil conditions.
FOREST MANAGERS
The properties are currently managed by Green Belt Ltd, who
provide the owner with a complete forest management service.
They have offices throughout the Republic of Ireland and will be
able to provide further information on the properties, if required.
Green Belt Ltd, Main Street, Virginia, County Caven, Republic of
Ireland; Tel: (+353) 498 547 521. Ref: Mossie Ryan.
SPORTING RIGHTS
The sporting rights are included with the Freehold for Lots 2 and
4 and for the duration of the timber leases on Lots 1 and 3.
Lot 2 – Glennagross Forest, 40.00 Ha/98.84 Ac
Glennagross Forest is to be sold as Freehold with the
sporting rights included. The forest was planted in 1987 with
approximately 32 hectares of Sitka spruce and some 8 hectares
of Lodgepole pine. First thinning took place in 2006 over an
area of approximately 23 hectares and the remaining un-thinned
areas could still be thinned. Growth is good, with a yield class
of YC 16-18, particularly on the lower lying fertile soils. The
Lodgepole pine is growing at a yield class of around YC 8 on the
upper slopes. The public road passes through the property where
felling took place recently to open up the road and verges.
Lot 3 – Foynes Island Forest, 35.71 Ha/88.23 Ac
Foynes Island Forest was planted in 1990 with 32.14 hectares of
Sitka spruce. This has established very well and is now growing
at yield class 20 on the fertile soils that were previously used for
agriculture. Thinning is not anticipated; therefore, the crop is
being grown on a non-thin rotation with clear-felling expected
within approximately 10-15 years. Timber can be extracted from
the island via the shingle beach located in the south-west of the
island. The land on which the timber is growing is to be retained
TIMBER MARKETS & HAULAGE
There is a well-established and steadily growing timber market
throughout the Republic of Ireland, with good demand for
timber. The properties are well-served by these timber markets
and a good contractor base, within the forest industry, to provide
the full range of services required for forest management,
harvesting, haulage and replanting operations.
BOUNDARIES
The approximate boundaries of the properties are shown on
the sale plans and whilst every effort has been taken as to their
accuracy, the boundaries may vary slightly. Where existing fences
adjoin neighbouring properties, fences are maintained at joint
equal expense, unless otherwise stated in the Folios/Titles.
Lot 4
The unplanted hill ground surrounding Slievenakilla Forest
is included in addition to the forest, excluding the three
Telecommunication Masts, shown on the sale plan.
MINERAL RIGHTS
The Mineral rights are included in the sale of Lots 2 and 4, as
stated in the Folios/Titles.
WAYLEAVES & THIRD PARTY RIGHTS
The properties will be sold according to the existing rights and
burdens within the Folios/Titles, including all Wayleaves and
Third Party rights.
WOODLAND GRANTS
There are no grant schemes in place on any of the properties and
purchasers should make their own enquiries on the availability
of grants for future forest management. Further information is
available from the current forest managers, Green Belt Ltd.
VIEWING
Viewing of Lots 1, 2 and 4 is possible at any time during daylight
hours so long as potential purchasers contact the Selling Agents
in advance of their visit and are in possession of a copy of the
sale brochure. Alternatively, the current managers at Green Belt
Ltd would be happy to show prospective purchasers around the
properties and, more specifically, arrange access on to Foynes
Island (Lot 3), assuming sufficient advance notice of proposed
viewing dates is given. For your own personal safety, please be
aware of potential hazards within the properties when viewing.
We recommend this is done in advance of purchasing any
property in the Republic of Ireland to avoid any unnecessary
delay or a penalty.
SELLER’S SOLICITORS
Dundon Callanan, Solicitors, 17 The Crescent, Limerick, Republic
of Ireland; Tel: (+353) 61411022; Fax: (+353) 61411027;
Ref: Joseph Dundon.
TAXATION
At present, all revenue from timber sales and forestry grant
income is Income and Corporation Tax free. There is no Capital
Gains Tax (CGT) on growing or felled timber, although it is
chargeable on the land. VAT is charged on forestry work and
timber sales, although its effect is usually neutral if the property
is managed as a business.
SOLE SELLING AGENTS
John Clegg & Co, 2 Rutland Square, Edinburgh, EH1 2AS,
UK; Tel: +44 (0) 131 229 8800, Fax: +44 (0) 131 229 4827.
Ref: Patrick Porteous.
OFFERS
If you are interested in any of the Lots, or the Portfolio as a
whole, and would like to note your interest or make an offer, it is
important that you notify the Selling Agents by email or letter.
LEGAL PROCESS
On acceptance of an offer(s) the vendor’s solicitors will send the
purchaser’s solicitors a contract of sale. The purchaser’s solicitors
will then satisfy themselves that the contract accords with the
property Title and that there are no adverse conditions. If
satisfied, the purchaser will sign the contract and return this with
a 10% deposit. The vendor will then sign the contract; however,
until the vendor signs the contract he/she is not bound to sell and
can withdraw from the sale and return the deposit.
Lot 1
Lot 2
Lot 3
Lot 4
The purchaser has 28 days from the date of entry to pay Stamp
Duty, which is calculated at 2% of the value of the property,
(excluding growing timber value, which is currently exempt).
In order to purchase a property in the Republic of Ireland, it
is necessary to obtain an Irish Tax Number, known as a PPS
Number. This is a simple procedure, which takes 2-3 weeks and is
solely for Stamp Duty Tax purposes.
IMPORTANT NOTICE
John Clegg & Co LLP, its members, employees and clients give notice
that:
1. These particulars (prepared in April 2015) and all statements,
areas, measurements, plans, maps, aspects, distances or references to
condition form no part of any offer or contract and are only intended
to give a fair overall description of the property for guidance. John
Clegg & Co LLP will not be responsible to purchasers, who should
rely on their own enquiries into all such matters and seek professional
advice prior to purchase. 2. Neither these particulars nor any subsequent
communication by John Clegg & Co LLP will be binding on its clients,
whether acted upon or not, unless incorporated within a written
document signed by the sellers or on their behalf. 3. The sellers do
not make or give, and neither John Clegg & Co LLP nor its members,
employees nor any joint agent have any authority to make or give, any
representation or warranty in relation to the property. 4. The property
(which may be subject to rights of way, servitudes, wayleaves and others)
will be sold as per the title deeds or folios, which may differ from these
particulars. Photographs may depict only parts of the property, which
may not have remained the same as when photographed. 5. Where
reference is made to grant schemes, planning permissions or potential
uses, such information is given by John Clegg & Co LLP in good faith,
but purchasers should rely on their own enquiries into those matters.
6. Prospective purchasers should be aware of the influences Wildlife
habitat, and any statutory designations, may have on the property,
including rights of public access under current legislation. 7. The sellers
will not be obliged to accept the highest, or indeed any offer, and may
at any time accept an offer or withdraw the property from the market.
Neither the sellers nor John Clegg & Co LLP or their joint selling agents
will be responsible for any costs incurred by interested parties.
Lot 3
Lot 2
Lot 1
Lot 1
John Clegg & Co
England: 01844 291 384
Scotland: 0131 229 8800
Wales: 01600 730 735
John Clegg & Co LLP is a limited liability partnership registered in Scotland (No. SO302718) whose registered office is at 2 Rutland Square, Edinburgh, EH1 2AS