Scotland land sale: Forest with former World War One airship station on the market for offers over £3.9m
Lenabo Forest, near Peterhead, is on the market in two lots or as a whole for offers over £3.95 million. The plot is an extremely productive, high-class forest with impressive timber yields, property agent Goldcrest Land & Forestry Group said.
The mixed age commercial forest extends to 890.62 acres and is well located for timber processors and north-east seaports.
The former Lenabo Airship Station, established in 1915 as a base for airships to patrol the North Sea during the First World War, sits within the property. It played an important role in the strategic network protecting the British coastline.
Most of the buildings were demolished after the station closed in 1920, but the main 9.83ha footprint is classified as a scheduled ancient monument, which has been clear felled and is to be left unplanted.
Jock Galbraith, of Goldcrest, said: “Lenabo is a good quality commercial forest, which is planted on productive soils and well located for timber processors and sea ports in the north-east. As a high yielding forest, it will produce substantial timber reserves for the future.”
He highlighted the tax efficiency of forestry assets, adding: “Income from timber sales is tax free, there is no inheritance tax payable on commercial forests and there is no CGT to pay on timber gains when forests are sold.”
Mr Galbraith added: “As well as being a prime forest with strong investment prospects, Lenabo also has a fascinating World War One history.”
Also available for sale in Aberdeenshire is a diverse portfolio of 14 woodlands extending to 400 acres near Banchory.
The Drum Estate Woodlands comprise amenity and commercial woods, mid-rotation and mature crops, land for restocking and development potential. It is available for sale as a whole for offers over £1.12m or in five lots.
The sale includes Keith’s Muir, (Lot 1), an attractive trio of woodland parcels, two of which are close to the picturesque River Dee. As well as maturing Sitka spruce, there are mixed broadleaves abundant with wildlife and biodiversity. These woodlands are well-suited to an off-grid cabin or hut, subject to planning permission.
Want to join the conversation? Please or to comment on this article.