Historic estate sells off land for £5million
Vast parcels of land and property on an historic Cornish estate have been put up for sale valued at almost £5 million.
Centred around the historic house and gardens at St Germans, the Port Eliot estate covers some 6,000 acres of land in South East Cornwall.
The Western Morning News revealed late last year that the southern part of the estate, around the village of Polbathic, was being surveyed by agents. Now, more than 800 acres of land, farmhouses and outbuildings have been put on the market with Savills, in nine lots worth a combined £4.7 million.
One of the lots includes a collection of three farmland plots and farmhouses – Minard, Rytha and Treskelly with attached land. The lot is described as "a fully equipped mixed farm" including 512 acres, a seven-bedroom Georgian farmhouse, a Grade II listed three-bedroom farmhouse and farm buildings. The lot as a whole is priced at £2.4 million.
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Buttervilla Farm, which includes a four-bedroom farmhouse, 13 acres of land and a traditional stone barn "with potential for a variety of uses" is another of the lots. It is on the market at £600,000.
Productive arable and pasture land, as well as woodland, are also being sold in packages ranging from 22 to 148 acres.
Justin Lascelles, associate director at agents Savills, said: "The estate consists of a huge amount of property and whilst it is felt sensible to liquidate that property at the current time, and look for something else to invest in, it leaves a substantial estate in place.
"We have had a fair bit of interest from people, including existing tenants. We have shown a few people around and are expecting interest to grow as word gets around."
The Port Eliot estate, which lies in an area of outstanding natural beauty, is currently owned by the 10th Earl of St Germans. The house, parts of which date back to the 9th century, was substantially remodelled by renowned architect Sir John Soane in the 18th century. Five years ago, the house and gardens were opened to visitors for the first time in an arrangement which allows national treasures to be donated to the state in place of inheritance tax.
More than 20 important paintings were also transferred to the ownership of Plymouth City Museum and Art Gallery, but remain at the house.
Infamous for hosting the Elephant Fayre arts festivals in the 1980s, the estate has latterly become the home of the Port Eliot Festival – a literary and music festival bringing together authors, artists, poets and musicians in the grounds of the house.
Tragedy struck the estate in 2006 when the heir to the title, 40-year-old Lord Jago Eliot – son of Peregrine, the 10th Earl – died suddenly at home after having an epileptic fit in the bath.
Jago, who lived in a farmhouse on the estate with his wife Bianca and their three young children, including Albert who is now the heir, lived a colourful life, during which he was a surfing champion, magician, and well-known high-society playboy.
See tomorrow's 68-page WMN Autumn Property Review for the region's best homes for sale.