Historic Perthshire Estate Sale
Property broken into five Lots to achieve best price for client.
The Brief
Eastertyre Estate, which centred around a nine-bedroom principal house, parts of which dated back to the 1500s, had been in the same family for a number of generations.
With outstanding views over River Tay to the hills beyond, the premium Perthshire property also encompassed two detached cottages, grazing land, salmon fishing rights and woodland. Interestingly, the top section of the estate was subject to an SSSI as an important breeding ground for the Northern Blue Damselfly.
On the death of the last of the family, his Executors asked Bell Ingram to put Eastertyre to the open market and it was launched for sale in springtime 2021.
Process
To achieve the best possible outcome for our client, it was decided to offer the estate both as a whole and also as five separate lots – each of the three residential properties (with an area of surrounding land), the hill land with grazing, and the salmon fishing rights.
This highly successful strategy generated 173 viewings, which required careful organisation by our Agency team as Covid restrictions were still in place!
It went to a closing date after seven weeks and interested parties were asked to submit two offers each – one covering a complete ‘lot’ and a second offer with their ‘wish list’.
Outcome
Fifty offers were received and the Estate was sold in three lots achieving significantly above the initial listing at offers over £1.6 million.
Eastertyre was a fantastic sale to be involved with and the complexity of the situation demonstrated Bell Ingram’s range of expertise and our ability to add value to your property sale.
Our sales team can offer a full range of marketing strategies and create a bespoke blueprint to deliver maximum exposure which could result in additional offers and a higher value attained.
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Article posted on 21/12/2021