Lord selling huge estate at coastal beauty spot – for £10.9m

A lord has put his 901-acre estate in the heart of a north Wales beauty spot on the market - with a guide price of £10.9m.

The Glynllifon estate on the Llŷn Peninsula in Gwynedd is on sale for the first time in centuries.

It has been owned by the Wynn family since the 1700s, and includes a number of working farms.

Lord Newborough, who also owns the 12,500-acre Rhug Estate in Corwen, said selling the estate near Caernarfon "didn't come easy" but was the "sensible decision".

Lord Newborough, who succeeded his father as 8th Baron in 1998, said the estate near Caernarfon was in a "beautiful" part of the world.

He said he had fond memories of his time there and also of spending summers at nearby Fort Belan, an 18th Century fortress his family owned until 1995 that looks out on to the Menai Strait.

"I love it over there but I can't be everywhere," he said, referencing his responsibilities at the Rhug Estate.

"I think it's got beautiful views and beautiful countryside and lovely people."

However, he added: "I'm 77 and I have to make difficult decisions. I haven't got anyone else to take on or manage the estate."

The estate mainly comprises farmland which is overseen by the landowner, and three tenant farms located on the coast in Pontllyfni.

Lord Newborough said he wanted to create opportunities for the next generation of farmers.

"Agricultural land of this quality and scale in the Llŷn Peninsula rarely comes to market and I would encourage anyone with ambitions in farming to look seriously at what is on offer here," he said.

Lord Newborough said he hoped Tŷ Mawr Farm, the largest of three farms, could be sold as a financially sustainable business.

It produces salt marsh lamb sold globally, including to Michelin-starred restaurant, and includes a four-bedroom stone-built farmhouse, a three-bedroom cottage and farm buildings on about 265 acres of land.

Maes Mawr Farm, meanwhile, is on 100 acres of land with a detached farmhouse and several agricultural buildings.

Caerloda Farm, which is let under a lifetime tenancy via the Agricultural Holdings Act, comprises 130 acres and includes traditional stone buildings and a detached farmhouse.

The estate is available in its entirety or in a number of lots, including three farms.

The freehold of the estate is offered for sale with vacant possession on completion, subject to the prevailing tenancies at Maes Mawr and Caerloda, Carter Jonas said.

The agent added there were also opportunities to generate income through reserved sporting and mineral rights across the estate, which are excluded from the sale.