One of Scotland’s most prestigious sporting estates has gone on the market for a record price of offers over £25m.
The Tulchan estate on Speyside is described as an exceptional rural getaway that has played host to Edward VII, George V, and George VI, as well as former US president Theodore Roosevelt and banker JP Morgan.
With two grouse moors, a pheasant shoot, a loch, and miles of riverbanks offering some of the best salmon fishing in Scotland, the agents handling the high-profile sale describe the property as the “ultimate utopia” for those passionate about sport.
The estate’s accommodation includes the opulent Tulchan Lodge, an Edwardian shooting lodge with five reception rooms and 13 en suite bedrooms. If it were to meet its asking price, Tulchan would become the most expensive whole estate ever sold on the open market in Scotland. Were a buyer to meet the asking price they would have to find an additional £2,958,000 in Land and Buildings Transaction Tax.
It was bought in 1993 by Leon and Gillian Litchfield. Mr Litchfield, originally from Derbyshire, made his fortune in the plastics industry. According to Savills, joint agents for the sale alongside Davis & Bowring, the Litchfields are the “principal shareholders” of the estate’s company, Tulchan Sporting Estates Limited.
But records filed with Companies House show members of the family transferred millions of shares in 2014. The only registered shareholder is now a company based in Switzerland known as Jacaranda Consultancy Sàrl. The most recent accounts, for the 12 months to January 2015, show Tulchan Sporting Estates Limited made a loss of £4.19m.
Savills said Tulchan was an “estate like no other” that was also a “successful and diverse rural business”.
Evelyn Channing, the firm’s director of rural sales, said: “For me personally, Tulchan, from river to moor, is simply one of the very best and we expect global interest in this unrivalled and precious piece of the Highlands.”