Gresham House Asset Management Limited Glebe Barn, Great Barrington

Burford, OX18 4US

T: 01451 844655 E: tenders@greshamhouse.com

www.greshamhouse.com

Gresham House Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Direct investments into forestry or renewable energy assets are not regulated by the Financial Conduct Authority. Registered Office: 5 New Street Square, London, EC4A 3TW. Registered in England No. 1418579

INVITATION TO TENDER FOR STANDING TIMBER

Lindsaig Complex, Cowal Peninsula

REFERENCE: LINDSAIG 2020-1

Description:

Standing sale containing approximately 19,500 tonnes of 42 year old timber. Species is predominately pure stands of Sitka spruce, with smaller pockets of Sitka spruce with Larch mixed as a minor component, and two small areas of windblown pure Larch. Located on ground suitable for mechanized harvesting.

Timing: Tenders should be received by 12 noon on 18 June 2020, by email to

tenders@greshamhouse.com. Offers:

The contract will be based on a single price per tonne. Please state your planned start and completion date for the harvesting.

Location: The property is located off the B8000 public road between the settlements of Kilfinan

and Otter Ferry, on the west side of the Cowal Peninsula. OS 1:50,000 Sheet No: NR98SW Entrance to the property is directly from the B8000 @ OS grid ref NR 933 806. No padlocks on the entrance gates. The sale area is denoted by the RED shaded area on the attached plan.

Summary Estimate of Timber

Compartments Species Gross Area (ha)

Tonnes/ha

Average Tree Size

WA Crop Age

WA YC Estimated Tonnage

102 SS 39.4 420 0.40 42 16 16,548

102 SS/HL 1.4 400 0.38 42 14 560 105 SS/HL 5.3 350 0.35 42 14 1,855

5 HLWB 1.2 250 0.30 42 10 300 6 HLWB 1.0 250 0.30 42 10 250 Total 48.3 Total 19,513

Certification: Timber is 100% FSC Certified under reference number:

SA-FM/COC-004552 R455 All sale documentation must carry the sale reference of: LINDSAIG 2020-1

Volumes: The tonnage has been estimated by the woodland manager.

Access, Extraction and Stacking:

The B8000 is a consultation route with a Timber Transport Management Plan in place restricting haulage to 10 loads per day, April - October only. Note this limit applies to all timber haulage on the B8000 and not just to this property, so the Purchaser will need wider discussion with neighbouring properties to ensure the TTMP rules are being complied with. Link to the agreed TTMP: https://www.argyll-bute.gov.uk/sites/default/files/TTMPs/TTMP%20B8000%20Otter%20Ferry%20Portavadie%20THR%20%28002%29.pdf Haulage will need to stop by 31 October 2020 and cannot recommence until 1 April 2021. No timber is to be left felled but not dispatched on 31 October 2020. The Purchaser will be required to notify and agree final haulage plans with Argyll & Bute Council and the Argyll Timber Transport Group in advance of starting work. The Seller will be constructing approx. 475m of new forest haulage road within Cpt 102, at the seller’s cost. The Purchaser will be required to fell and remove timber from this line at the start of the contract to allow the Seller access with machinery to construct the new road. Until the new road is constructed all timber is to be stacked adjacent to the existing road.

Hazards: Hazards are detailed on the attached plan. For timber located in close proximity to the

overhead electricity line, it is recommended consultation with SSE takes place at the start of the contract.

Forest Plan Ref: Felling permission is granted under two separate LTFP’s:

4389644 (Ardgaddan Barr) and 4463500 (Lindsaig) Reporting: The purchaser is required to report monthly to GHAM and a copy of the report

template is available on request. The report will require the date, delivery number and tonnes of each load in a spreadsheet format. GHAM will expect to be able to obtain copies of all weight tickets at any point during the contract.

Felling: All conifers in the sale area should be felled unless instructed by the woodland manager. All material above 5cm diameter is to be removed from the site by the Purchaser. Conifer stumps are not required to be treated with urea.

Brash: Brash is to be kept clear of all watercourses during the felling operations. Purchasers

should state their proposals for leaving the site clear and ready for replanting following discussion with the woodland manager and brash should be cut into lengths of less than 2 metres.

Payment: Payment terms are to be on a monthly basis with the Purchaser producing self billing

invoices based on weight tickets or as otherwise agreed between the parties. A down payment may be payable before entry and offset against the penultimate payment, or as otherwise agreed between the parties.

Contract: An Agreement will be required to be signed by both parties. A copy is available on

request. Although the vendor intends to sell the timber, the vendor will not be bound to accept the highest or any other offer.

Viewing: The timber may be viewed at any reasonable time during daylight hours, as long as a

copy of this document is carried. Please contact the woodland manager to arrange a viewing.

Woodland Manager: Fraser Talbot, Senior Forest Manager, Tilhill Forestry Mobile: 07342 057444 E-mail: fraser.talbot@tilhill.com Andrew Tomlinson, Assistant Forest Manager, Tilhill Forestry Mobile: 07899 671317 E-mail: andrew.tomlinson@tilhill.com

GH Contact: Anthony Crosbie Dawson

Tel: 01451 843096 Email: a.crosbiedawson@greshamhouse.com

NEW ROADnew roadline to be cut as part of timber sale. New forest road will

be constructed during harvesting works

B8000 PUBLIC ROADdesignated route for all timber haulage.

The existing TTMP must be followed, allowing use from 1st April - 31st October

+ other conditions (refer to TTMP for detail)

NR 937 806x

OVERHEAD POWERLINESlines cross haulage access road, goalposts to be maintained by timber purchaser for

duration of contract. Liaison with SSE required for timber in red and amber zones

ARCHAEOLOGYnumber of features are present within sale area. Each feature to be identified

on the ground and taped off by FM

WATERCOURSESDiffuse Pollution risk areas to be

assessed and managed by thetimber purchaser to ensure water

environment is protected

ACCESS FROM B8000@ NR 933 806

TIMBER STACKINGample stacking space at roadside.

Machinery is not to come onto forest road to stack timber

OVERHEAD BT LINEruns adjacent to the B8000,

mostly on left hand side of road

K158.79

L439.6

L243.63

L121.2

L324.15

A1117

A417.69

A615.04

L513.59

A713.33

A311.43

A211.26

A1011.26

L69.32A5

9.24

A98.27

A128.25

A16.77

A85.68

L70.62

102a

31.78

105d

3.74

102b

2.2

102g

1.6

102h

1.53

5g

1.17

105c

1.27

6d

1.04

102i

0.85

102z

0.58

102j

0.51

102d

1.28

105b

0.3

102f

0.24

192000.000000

192000.000000

193000.000000

193000.000000

194000.000000

194000.000000

6800

00.0

00

00

0

6800

00.0

00

00

0

6810

00.0

00

00

0

6810

00.0

00

00

0

6820

00.0

00

00

0

6820

00.0

00

00

0

Lindsaig Complex 2020-1Hazards & Constraints Map

OS sheets:

15/05/20201:12,000Scale

42 Glencruitten RoadObanArgyllPA34 4DWTel: 01631 562906Fax: 01631 566751

© Crown copyright and databaserights 2017 Ordnance SurveyAL100018344

NR97NWNR98SW

LegendCompartments

Subcompartments

Watercourses

B8000 Public Road

Existing Haulage Road

Indicative new road

Archaeology

OH Powerline

Sale Area

@ A3DIFFUSE POLLUTION

All environmental mitigation works (e.g. diffuse pollutioncontrols) are the responsbility of the timber purchaser. Please

note watercourses marked on the constraints map are asshown on the OS map. Any connecting drains through the cropshould be treated as a watercourse and managed appropriately.

If you have any concerns re diffuse pollution contact the FMimmediately - Fraser Talbot - 07342 057 444

If a significant diffuse pollution event occurs please also contact

SEPA - 24hr emergency line - 0800 807 080

K158.79

L439.6

L243.63

L121.2

L324.15

A1117

A417.69

A615.04

L513.59

A713.33

A311.43

A211.26

A1011.26

L69.32A5

9.24

A98.27

A128.25

A16.77

A85.68

L70.62

201f

30.9

102a

31.78

103a

21.97

104f

19.26

6a

7.5

104d

14.42

4a

12.61

3a

9.68

11a

9.09

106a

9.71

101a

10.52

201b

8.22

7b

6.66

2a

6.51

6e

5.15

5a

7.34

9a

4.93

10a

4.91

12a

4.54

105a

4.73

1a

3.44

201g

3.84

105d

3.74

7a

2.93

101h

3.31

12d

2.71

2d

2.68

104g

2.97

102c

2.88

8a

2.33

11c

2.11

101g

2.45

201f

30.9

201k

4.81

201a

4.22

10d

1.93

102b

2.2

8b

1.78

201i

1.66

9b

1.65

11e

1.56

101e

1.78

2b

1.53

10c

1.52

5a

7.34

9e

1.38

201k

4.81

102g

1.6

201l

1.37

105e

1.56

102h

1.53

1c

1.28

10e

1.27

7c

1.24

5g

1.17

103g

1.32

105c

1.27

101i

1.12

10b

1.09

104a

1.24

8c

1.05

6d

1.04

11h

0.8

104b

1.11

201a

4.22

6c

0.88

102i

0.85

101j

0.83

201a

4.22

12b

0.81

105f

0.81

5a

7.34

4c

0.79

5h

0.55

102z

0.58

102j

0.51

101f

0.51

201d

0.52

2c

0.35

1e

1.53

3g

1.46

11i

1.29

4e

1.26

102d

1.28

4d

1.01

201c

1.09

7f

0.94

11b

0.71

7g

0.91

105h

1

201k

4.81

11f

0.63

4b

0.62

4g

0.61

201h

1.82

10f

0.55

107a

0.62

6b

0.46

103e

0.52

104c

0.48

1b

0.37

7d

0.36

201h

1.82

11k

0.35

103f

0.35

8d

0.35

101c

0.37

7e

0.29

4i

0.2 2e

0.2

105b

0.3

201h

1.82

102f

0.24

201h

1.82

11d

0.23

4k

0.21

201j

0.1912c

0.19

3b

0.18

8e

0.17

105g

0.19

5e

0.16

4h

0.16

102e

0.18

201k

4.81

1d

0.15

4f

0.1

101d

0.15

9c

0.13

9f

0.12

11g

0.1

11j

0.12

3f

0.11

4j

0.11

201k

4.81

101b

0.12

104h

0.12

201e

0.11

201h

1.82

201h

1.82

9d

0.06

101k

0.04

201h

1.82

192000.000000

192000.000000

193000.000000

193000.000000

194000.000000

194000.000000

6800

00.0

00

00

0

6800

00.0

00

00

0

6810

00.0

00

00

0

6810

00.0

00

00

0

6820

00.0

00

00

0

6820

00.0

00

00

0

Lindsaig Complex 2020-1Species Map

OS sheets:

15/05/20201:12,000Scale

42 Glencruitten RoadObanArgyllPA34 4DWTel: 01631 562906Fax: 01631 566751

© Crown copyright and databaserights 2017 Ordnance SurveyAL100018344

NR97NWNR98SW

LegendCompartments

Subcompartments

B8000 Public Road

Existing Haulage Road

SpeciesSitka spruce

Sitka spruce (Larch mix)

Larch

@ A3

Access off B8000@ NR 933 806

B8000 PUBLIC ROADDesignated route for all timber haulage.

The existing TTMP must be followed, allowing use from 1st April - 31st October

+ other conditions (refer to TTMP for detail)

Lindsaig Complex 2020-1Location Map

OS sheets:

15/05/20201:50,000Scale @ A3

42 Glencruitten RoadObanArgyllPA34 4DWTel: 01631 562906Fax: 01631 566751

© Crown copyright and databaserights 2020 Ordnance SurveyAL100018344

LegendProperty Boundary

Existing Haulage Roads

Sale Area