Mud, music and matrimony...
James Bowie looks at how rural estates can maximise their income streams.
Cardross Estate is set in picturesque Stirlingshire countryside just south of the Lake of Menteith.
The estate covers about 4,500 acres, and is made up of agricultural land, forestry, and a Site of Special Scientific Interest - Flanders Moss. There are a number of residential tenants, holiday cottages, and also a sporting tenant who is busy throughout the year with visitors.
Cardross House, a fine building dating back to the 16th century, is at the heart of the estate. Its owners, the Orr Ewing family, have been keen to maximise the uses of the estate so that there are several income streams. The diversification follows the initial success of the holiday lets on the estate - five cottages or houses - and also a bed and breakfast business run from the house itself.
Cardross House (above) dates back to the 16th century.
Both events have increased in success each year they have been held at Cardross, which offers use of its holiday cottages to either the event organisers or attendees. Cardross also offers an attractive wedding venue - again accompanied by options on accommodation for wedding guests.
Since CKD Galbraith was appointed as managing agent, we have worked closely with the family to provide a range of services including rent negotiations with tenants, heads of terms for events and liaising with event organisers, tenants and neighbours to ensure everything runs smoothly. We also have a large contact base and are often contacted by credible even organisers looking for somewhere to host their event.
James is a member of our Rural team based in the Stirling office. Working throughout Central Scotland, he is involved in management, access and compensation, valuation, land use negotiation, as well as carrying out a wide range of professional consultancy work.