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Proposed sale of Ardpatrick Estate
Caledonian Trust, the Edinburgh-based property investment holding and development company, announces that, on 15 December 2020, it entered into an agreement to sell Ardpatrick Estate, the Company s largest rural development property, for a cash consideration of £2.7 million (exclusive of VAT) to two private individuals (the Proposed Disposal ). Ardpatrick Estate occupies a peninsula in Knapdale, Argyll, in Scotland looking towards Islay and Jura, on the north-west side of West Loch Tarbert. In addition to Ardpatrick House (1769 before extensions) the property extends over 1,000 acres with circa 10km of coastline, commands striking views and includes a grassland farm, moorland and rough grazing, an ancient oak forest, a commercial forest, a private beach, a named island, sporting rights and moorings.