Downacarey Bridge, St Giles on the Heath, Launceston

£210,000

Guide price

A mature managed woodland set in a secluded position on the banks of the River Carey. Copious supply of firewood, network of rides, abundant wild flowers, wildlife and fishing. 39.16 acres in all.

SITUATION

The woodland is situated approximately 5 miles north of Launceston and 0.5 miles east of the popular village of St Giles on the Heath. It lies in a gently sloping valley on the banks of the River Carey, between 80m and 135m above sea level. The woodland is accessed over the drive of the neighbouring farm. The nearby A30 provides a mainly dual-carriageway link between the Cathedral cities of Exeter and Truro. St Giles on the Heath has a village store, public house, school, thriving community spirit and various amenities. Nearby Launceston has a good range of shopping, leisure and health facilities.

DESCRIPTION

The land extends to 39.16 acres (15.85 hectares) in all and comprises an attractive mature woodland. Approximately 22 acres is mature Japanese Larch, ready to harvest, with 14 acres of Oak and 3 acres of Nothofagus (Southern Beech). There is a network of rides enabling access through the woodland. The area is a haven for wildlife and will appeal to buyers with an interest in nature and the immediate timber crop income, or families wanting a secure area for their children to play and explore. There is also the benefit of an almost endless supply of firewood.

There is potential to obtain permission for a modest agricultural type building (STP), for storage purposes and in connection with the woodland. Purchasers must satisfy themselves on this point.

SERVICES

There are no services currently connected, although the woodland is naturally watered by the river.

ACCESS

The property is set back from the highway. There is a right of way at all times and for all purposes over the neighbours drive, expressed in the deeds . The woodland has been regularly managed and thinnings have been extracted in the last couple of years over this route.

TAXATION

Commercially managed woods benefit from various favourable taxation advantages. After two years ownership purchasers can qualify for 100% relief from Inheritance Tax. Timber sales are free of Income Tax and do not attract Capital Gains Tax. Roll-over Relief on the value of the land can, in certain circumstances, be obtained when purchasing woodland. Purchasers must take their own taxation advice and should not rely on these comments.

FORESTRY ADVICE

The woodland has been managed and the vendor advised by Richard Gray of Fountains Forestry in Exeter. (www.fountainsforestry.co.uk - T: 01392 877741). He has offered to advise purchasers on forestry aspects and would be happy to assist in the future management, if required.

ESTIMATED TIMBER VOLUME

Sample plots of the Larch have been measured by Fountains Forestry. Estimated figures (for guidance purposes only) are: Mean DBH (diameter) 28cm, Standing Volume per ha 315 m3, Estimated Total Volume 3168m3 (2693.25 tonnes), Average Tree Volume 0.723 cubic metres.

GRANT SCHEMES

There are no existing schemes that the woodland is committed to.

LOCAL AUTHORITY

Torridge District Council, Riverbank House, Bideford, Devon, EX39 2QG, T: 01237 428700, E: customer.services@torridge.gov.uk

WAYLEAVES, COVENANTS AND RIGHTS OF WAY

The land is sold subject to and with the benefit of any wayleave agreements in respect of any electricity or telephone equipment crossing the property together with any restrictive covenants or public or private rights of way. There are no restrictive covenants limiting the use of the property and there are no footpaths or bridleways shown on the Ordnance Survey Plan that cross the property. The Vendor is taking advice on removing a TPO that covers the whole wood, although in the meantime, he is advised that commercial forestry operations are likely to be allowed, albeit that the Local Authority's written consent must be obtained. (Further information may be available upon request).

SPORTING AND MINERAL RIGHTS

The Shooting rights, are not included and belong to the neighbouring residential property. This does not affect the fishing rights, which are included. Mineral rights such as are owned are included within the sale.

TENURE AND POSSESSION

The land is offered freehold with vacant possession available upon completion

VIEWING

Viewing of the property is strictly by prior appointment with the vendor's appointed agents, Stags Launceston Office. Please park considerately.

DIRECTIONS

From Launceston take the A388 towards Holsworthy. On reaching the village of St Giles on the Heath, turn right beside the Pint and Post Inn. Continue out of the village to the bottom of the hill. Turn left into Downacarey Bridge's driveway, (just before the bridge over the River Carey). Proceed carefully through the yard and past the farmhouse. The woodland is directly ahead of you. No For Sale Board has been erected.

Arrange viewing 01566 248005

Stags - Launceston

Kensey House, 18 Western Road, Launceston, Cornwall, PL15 7AS

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