A NORTHUMBERLAND forest could be yours for £6.5m.
Unusually, Longheugh Forest, a commercial forest that extends to 189ha between Otterburn and Hexham, can also be leased.
Longheugh Forest is predominantly Sitka spruce with a substantial proportion now ready for harvesting, Goldcrest Land & Forestry Group, which is marketing the property, said.
It added Longheugh, which was planted in 1988, also includes a lake and areas of broadleaves and diverse conifers "which enhance the amenity and natural capital value of the property".
It is for sale for offers over £6.5m, but is also available as a 99-year leasehold, subject to negotiation.
This would allow the tenant "the opportunity to benefit from harvesting the current crop and potentially up to three further rotations", the agent said.
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Olly Thompson, of Goldcrest, said: “Longheugh Forest is an extensive and excellent quality, well-established forest benefitting from proximity to timber transport routes and markets.
“It is unusual to see a forest of this scale come to the market in England and rarer still for it to be available both for sale and as a leasehold, offering outstanding and varied opportunities on the market.
“Our experience in Scotland, where we have been involved in negotiating leasehold agreements, suggests an appetite for leasehold arrangements in England and it will be really interesting to see how the market responds. We expect Longheugh to attract significant interest both from UK and foreign investors.”
For more details contact Goldcrest on 0131 378 6122 or visit www.goldcrestlfg.com.
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