Islay House Update

Wednesday, 09 July 2008

Islay House is on the market for almost one year and still not sold. Wether there will be a community buyout is uncertain. There hasn't been much news about this in the Ileach and when I contacted brian from the Ileach he wasn't sure either. What is sure though is that the price has dropped considerably due to the credit crunch as was reported by the Scotsman:

Islay House For Sale - Offers over Â£1.75 million

It was built in 1677 for the first Thane of Cawdor and a whole village was cleared so the laird could enjoy uninterrupted views of Loch Indaal. Margaret Thatcher reportedly held her war cabinet there and now it is owned by a man who helped to train pilots for Ugandan dictator Idi Amin. But today, Islay House, near Bridgend on the Inner Hebridean island of Islay, is worth Â£500,000 less than it was a year ago because of the credit crunch. Despite its 28 acres, five reception rooms, a ballroom, 24 bedrooms and nine bathrooms, the owner, Tom Friedrich, has cut the asking price from offers over Â£2.25 million to Â£1.75 million.

Perhaps lowering the price will speed up the sale of this magnificent house. If you're in for a bargain, now's the time!!

Tag: islay house bridgend

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Islay House Update
3 comments

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Anonymous

Similar to a lot of things I think the problem is not the asking price. But "updating" and running it. My sister (who does a lot of horse riding) keeps telling me buying a horse wouldn't be a problem for most people. But owning and keeping it. Feeding it, insuring it, paying the vet bills etc etc. With a house like that it will be similar. I suspect house insurance won't come cheap. I don't know about the state of the fittings, but I don't even want to know what it would cost if you have to rewire it or put a new heating in. As it is a listed building there are a huge amount of regulations about any building and conservation work. Heating such a big house won't come cheap either, especially considering the fuel prices on Islay. The list probably could go on for a while. And suddenly it isn't such a bargain any more. That's why I think it is still on the market.

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Gruss,
Armin
www.islayblog.com
www.armin-grewe.com/islay/

elaine

Thursday, 10 July 2008

I have never seen the House but it looks like it might make a good health spa, if someone with an interest in Islay was so inclined to invest in it. It could possibly even make use of Islay's famous whiskey. There is a health spa in Bordeaux, France using beauty problems made from red wine, the Caudalie range. Just an idea!

Sorry, I meant beauty products!