One of the UK’s most stunning repossessions, sold for £9.3 million in 2012, comes to the market for just £6.95 million
Law of Property Act Receivers act for banks and private lenders when the terms of mortgages are not met. Broadwell Manor in Gloucestershire is not the kind of house one would normally associate with such individuals but, as we reported in June, neither would one expect such a fine property to end up in the ownership of a man who would subsequently be accused of stealing £12.5 million from the very company he was chief executive director of.
Adrian Burford, who once supposedly stated: “I make no apology for being quite expensive to run”, is just such a man. Pursued in the High Court by his former employers, a private equity investment company named Fern Advisors Limited, allegations surfaced that this company director used the majority of the money to fund the purchase of Broadwell Manor from a man named Iain Shearer, whom The Mirror, dubbed “one of Britain’s most controversial legal loan sharks” in 2011. According to the Mail Online, Burford paid a staggering £9.3 million for the house in 2012 against an asking price of £8 million (others suggest the actual sale price was a much lower £8.5 million) and lived there with his wife Dr Amber Kennard and their young children.
Now, we can reveal, Broadwell Manor is for sale again but this time at a very much reduced price and at the instruction of an LPA receiver named Mr G. T. Georgiou. Agents Beauchamp Estates and Knight Frank seek just £6.95 million for the 35.23-acre estate which includes 18,903 square foot of accommodation split across the main house and 6 ancillary dwellings.
The sales brochure for the Cotswold stone listed period house, which was largely built in 1757, specifically lists the following:
“It should be noted that it is believed that some structural work has been carried out historically to the house and cottages without the necessary planning or listed building consents”.
Broadwell Manor is a property that truly deserves an owner who will truly reflect its stature and one whom will respect it for what it is. We very much hope a happier chapter comes next for this Cotswold gem.
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