Kildrummy Estate sold for over £11m as top end of market holds up
Savills Scottish rural agency team has revealed that Kildrummy Estate in Aberdeenshire has successfully been sold.
The sale of the holding company, at offers of over £11 million, generated a significant level of interest and attracted viewers from the UK and abroad.
It completed on June 5 after a lengthy period of due diligence.
The 5,600-acre Kildrummy estate comprises an attractive principal house & Edwardian mansion house, which formerly traded as a hotel, significant forestry plantations and amenity woodlands, commercial interests including the 18.4 MW Kildrummy Wind Farm and The Kildrummy Inn, in-hand and let farms and a residential portfolio of estate dwellings, as well as a broad spectrum of sporting opportunities.
Evelyn Channing, head of rural agency in Scotland, said: “Even in these challenging times, the market for Scottish rural land and property is still moving. During lockdown we have agreed and completed on a number of estate sales totalling over £30 million demonstrating the strength and depth of the Scottish estate market.
“There was a notable increase in the number of new buyer registrations following the General Election in December, with a particular focus for income producing and natural capital assets. Throughout lockdown we have received a continual flow of enquiries for Scottish rural property from across the world as the many and varied merits of owning an estate in Scotland have been brought to the fore.
“Kildrummy attracted a diverse range of potential buyers, including those who were attracted to the established and potential income flow from its mixed portfolio of assets which, in addition to residential and commercial rents, also include renewable and forestry assets which are earmarked as being contributors to carbon zero targets.”