Scotland’s most expensive estate comes to the market
In Downton Abbey last week, the Grantham family talked about selling off parts of their estate to cover the costs of death duties. In Scotland, the death of Sir James Cayzer has led to his family selling off one of their estates.
The 5,401 acre Kinpurnie Estate near Angus includes two main houses, Kinpurnie Castle and Thriepley House, as well as a further 26 residences and planning permission for further properties in the form of both new build and conversions.
Potentially a significant leisure business, permission exists for 425 chalets, a 125 caravan touring site and upto 43 holiday cottages across the estate. Beyond this and excluded from the £29 million asking price set by joint agents Savills and CKD Galbraith are a further 54 residential and commercial properties. 27 individuals are currently employed across the estate.
Sporting opportunities abound and the estate includes what is described as “one of Scotland’s most challenging drives”. Along with six lochs in total and 923-acres of both commercial and amenity woodland, there is plenty to keep whomever purchases Kinpurnie busy.
Acquired by Sir Charles Cayzer, founder of one of the world’s great shopping companies, at the beginning of the 20th century, Kinpurnie was extended in 1972 with the purchase of the adjacent Lundie Estate. It is now for sale as a while or in upto 23 lots.
Of why he’s selling, Nigel Cayzer, Sir James’s nephew, told The Telegraph:
“It is with considerable sadness that we are placing Kinpurnie on the market. While it will be a great wrench for me and for my family, the estate has never looked better, and I very much hope that a new owner will derive as much pleasure from it in the future as it has given us”.
Easily the most expensive estate ever marketed in Scotland – the previous record was Lars Foghsgaard’s Spott Estate in East Lothian, which was put on the market in 2010 – tenants including a 100-year old lady named Nellie Easson have already been given notice that “there were no guarantees” they will be able to stay in their homes. No doubt tongues are wagging down at The Belmont Arms, a pub that just happens to be included in the sale.
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