The Upper Arndilly Fishings are owned jointly by three pro indiviso proprietors and the Upper Arndilly Fishings Syndicate is one of these proprietors. The Syndicate’s title is held in a trustee company. An Agreement has been concluded whereby the available fishing has been split on a rotational basis among the owners.
The Spey season comprises 32 complete weeks. Week number 1 is the first full week of the Spey season. Each of the three owners has the right to fish one rod during weeks 1 and 2. Thereafter, every third week is allocated to each owner in an agreed rotation. Every four years, the rotation is moved on by one week and thus after 12 years have elapsed, the rotation will have completed a full cycle.
The Syndicate thus has the right to 1 rod in weeks 1 and 2 and all 3 rods for 10 weeks of the rest of the season.
Ownership of the Syndicate has been divided into A, B, C, D, E, F, G, H, I, and J Shares and a rotation of Syndicate rods has been established.
The A, B, C and D Shares – the Spring Shares – each entitle the holder to one rod on the Fishings for one of the four weeks from Weeks 6 to 17 inclusive during which the Syndicate has the right to fish.
The shares for sale are as follows;
Shares ½C1, ½C2 & ½C3 in the Spring Rotation
These three ½ Shares entitle ownership of the beat (all three rods) for the Monday, Tuesday and Wednesday of the allocated week in the Syndicate’s spring rotation.
The dates these fishings are allocated over the following 10 seasons are as follows;
|Year||½C1, ½C2 & ½C3 (3 Rods)|
|2018||7th – 9th May|
|2019||27th – 29th May|
|2020||30th March – 1st April|
|2021||19th – 21st April|
|2022||16th – 18th May|
|2023||5th – 7th June|
|2024||1st – 3rd April|
|2025||28th – 30th April|
|2026||4th – 6th May|
|2027||24th – 26th May|
The management charges that have been payable for the three ½ C Shares over the past 5 years are as follows;
|Year||Annual Management Charge (All Three ½ Shares)|
Please see below the actual catches for this ½ week over the past 10 seasons;
|Actual C Share Spring Fishing|
|Year||Days||Salmon & Grilse||Sea Trout|
|2009||20th – 22nd April (inc.)||2||0|
|2010||17th – 19th May (inc.)||2||0|
|2011||6th – 8th June (inc.)||11||4|
|2012||2nd – 4th April (inc.)||0||0|
|2013||22nd – 24th April (inc.)||2||0|
|2014||5th – 7th May (inc.)||2||0|
|2015||25th – 27th May (inc.)||5||2|
|2016||21st – 23rd March (inc.)||0||0|
|2017||10th – 12th April (inc.)||0||0|
|2018||7th – 9th May (inc.)||1||0|
|10 Year Average||N/A||2.5||0.6|
The actual 10 year average catch for the beat for this ½ week is 2.5 salmon & grilse and 0.6 sea trout (so 0.8333 salmon & grilse and 0.2 sea trout per rod).
Using the valuation of £10,000 per salmon, this values these three ½ Shares at £25,000 which is the price being sought for these three ½ Shares in the Syndicate.
Whilst £10,000 per salmon is top of the market, this is completely in line with recent sales in the Syndicate.
These three ½ Shares are being sold as a package but would be split if three buyers were found at the same time.
This price will cover the legal costs of the transfers of these three ½ C Shares with the Syndicate’s solicitors, Burness Paull.