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13 March, 2010
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Published: 04 March, 2009
THE UK's housing market may have crashed but that has not deterred the famous Louis Vuitton luggage family from putting their Highland hideaway on the market with an asking price of £4.25 million.
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And the selling agents tasked with finding a buyer are confident that they will get the money for the 5,000-acre Dalchully Estate, one of the region's finest sporting territories. Less than a decade ago the estate, near Laggan, was put on the market for offers over £1.9 million and was bought by Eighton Estates, a firm owned by Xavier-Louis Vuitton, a distant relative of the famed designer. The firm charged with selling the spectacular estate said that there had already been plenty of global interest even though Dalchully had just been put on the market earlier this week. The sale is being handled by John Lambert of Edinburgh-based chartered surveyors John Clegg & Co. He said: "If you look at the top end of the estate market for sales such as this, there are still a lot of people looking for the best properties, so I am confident we can achieve the prices set here." Mr Lambert has already conducted several viewings and booked several more, with interest coming from all over the UK and further afield. "The estate has been run for the last few decades, and further back than than, as a sporting estate and some people may be interested in continuing that. "But equally there are many wealthy people who would be interested in living and working in the spectacular landscape it offers.
"There are many wealthy people who hold strong conservation interests and it may be that a new owner would be interested in seeing a different future for the estate." Vincent Brogarde, factor at Eighton Estates, the business had invested about £1 million in improvements since acquiring the estate in 2002. He said the increase in the asking price reflected more than just "capital accumulation". "We have done as much as we can with Dalchully," he commented. "There's not much room for any more improvement and we still have Gaick Estate close by, so Dalchully has been put on the market." He explained that Mr Vuitton's firm had already bought the 6,000-acre Fordie Estate, near Comrie in Perthshire, and planned to make similar improvements there. "The place he has just bought is one hour from Edinburgh and one hour from Glasgow so it is very accessible," he noted. Dalchully is being offered for sale as a whole for £4.25 million or as four smaller lots at prices ranging from £650,000, for the 67-acre Coul Farm, to £1.45 million for 470 acres of the sporting estate.
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