£300,000 and you could own your own woodland!

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AN ATTRACTIVE historic woodland on the outskirts of Arbroath is up for sale, but you will have to be well-heeled to be able to afford it!

West Woods of Ethie sits on the eastern side of the A92 just beyond Marywell and nearly to Kinaldie and the asking price is offers in excess of £300,000.

The selling agents are Bidwells in Scotland who suggest this is a great opportunity to own mixed woodland and state that the purchaser would achieve both ‘green’ and tax efficient investment.

The woodland contains a magnificent stand of mature beech trees and covers a total of 89.3 hectares (220.7 acres). Sporting rights are included in the sale and the woodlands are home to roe deer and pigeon.

Bruce Osborne from Bidwells said: “Potential buyers may be attracted by the wonderful mix of different species and ages of ancient beech, estimated at over 200 years. There is also spruce and native broadleaves.

“There is considerable potential for a programme of gradual felling and replanting to create sustainable woodland. The West Woods is believed to have originally been a pure beech forest, planted as a reaction to criticism by the diarist Dr Samuel Johnston about the lack of trees during a tour of Scotland with James Boswell in the 1770s.”

He continued: “The woodland is only three miles from Arbroath and is next to the A92 with easy access. It would prove to be an excellent investment for a potential purchaser.”

“Despite the slowdown in almost all other property sectors, the forest and woodland market has shown good resilience in the past few years. Forests and woodlands are being seen as a safe haven in these unstable economic times.”

He concluded: “The tax position for commercial woodland ownership remains favourable with forestry businesses attracting 100 per cent relief from inheritance tax and low exposure to capital gains tax.

“Timber income from commercial forestry is exempt from income tax and this has considerable appeal for investors.”