Land for sale

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Land for sale

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 located in Moray, Scotland, near Dallas and approximately 30 minutes from Inverness airport. The estate offers a unique opportunity for forestry investment, with commercial woodlands and scenic beauty. The property has access to several timber markets in the north, including Tulloch Timber and West Fraser Europe. The estate is also home to several lochs and burns, adding to its natural beauty and biodiversity. The property has a mix of Scots pine, Sitka spruce, and mixed conifers, with a weighted age class of 28 years. There are also opportunities for residential development, with four sites identified for potential development, including a site with current planning permission for a single detached dwelling. The estate is managed by Cawdor Forestry, and the current Long Term Forest Plan is set to expire in May 2024. The property has a rich history and offers a unique opportunity for forestry investment and development.