Scottish prime ‘keeps moving’ as Kildrummy Estate sells at £11m+

The sale of a grand rural estate in Aberdeenshire is indicative of an active market.

An American couple has bought the sprawling Kildrummy Estate in Aberdeenshire for something over £11m, after the 5,600 acre property attracted “a significant level of interest and attracted viewers from the UK and abroad.”

The rural estate includes a 1990s-built principal house plus a grand Jacobean-style Edwardian mansion (formerly run as a 60-room hotel), plus a portfolio of 12 residential dwellings, a pub, significant forestry plantations and amenity woodlands, a wind farm, agricultural land, and lots of sporting opportunities.

Savills completed the deal on 5th June after “a lengthy period of due diligence.” The sale is indicative of a market that has remained relatively active despite the Covid-19 crisis, says the firm – which handled over £30m-worth of Scottish estate sales during lockdown.

Evelyn Channing, head of Savills’ rural agency in Scotland: “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.”