Cutting the price of cottage with 25 million. – Today’s Business

Cutting the price of cottage with 25 million. – Today's Business

Finance Home

owners struggling to sell this giant property on Lake Windermere.

Bjørn Egil Mikalsen

Published: 26/09/2014 – 9:56 p.m. Updated : 09/27/2014 – 3:11 p.m.

The article is added to your reading list.

Most properties is available for sale on Lake Windermere are small spots on the islets and reefs. Tåtøy main farm covers some 600 targets, and covers most of the island Tåtøy, located a few minutes by boat from Kragerø.

Kragerø property was put up for sale in 2010 because none of the heirs had the opportunity to to stay there or afford to buy out the other. The price at that time was set at 50 million.

Real Estate Terje Tinholt in Nordvik & amp; Partners had long been in charge of the sales process. In 2013, the prize was first cut to 48 million, then 39 million.

Now the property back with the broker who had first assignment. This time halved the price.

“Edible”

– Now we put it out for around 25 million. I think this is a price that is palatable in today’s market, says managing director Ronny Jorstad by Active Real Estate Kragerø.

The property comprises – in addition to the main farm and a number of smaller houses on the island – the 76 plots that are leased, 22 unbuilt cabin sites as well as 15 to 17 sites that are zoned for residential construction. A number dock areas and shorelines also included.

– There are several things at the property that make it special: both the beautiful main farm and the exciting development opportunities, says Jorstad.

He emphasizes that not yet been given the go-ahead for development of the property. However, in connection with the renewal of the municipal land management plan now in winter, it is applied for approximately 70 residential units and 25 holiday units.

We Gondola

In addition, it applied for opening a gondola from Kragerø to Stabbestadveien, with an intermediate station at the top of Tåtøy.

Jorstad says it is too early to say anything about the value inherent in any development of the property.

The farm Tåtøy Eastern was owned by the family in 1934, when the agronomist Alf E. Violence bought the property. He was later allowed to take the name Tåtøy.