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TODAY'S OTHER NEWS

Private island with seven luxury properties sells for over £5 million

A private island off the west coast of Ireland has been sold off-market for over £5 million to an unnamed Ultra-High-Net-Worth buyer from Europe.

The purchase was facilitated by Mayfair-based broker Montague Real Estate, which was first instructed to source a suitable island for the buyer in December 2019.

The 157-acre Horse Island, located off the cost of Schull in West Cork, boasts three sandy beaches populated by seals, farming pastures and extensive natural wildlife.

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It has seven luxury properties, including a six-bedroom main house, two three-bedroom guest houses, two two-bedroom guest houses and two one-bedroom cottages - all of which have views over the Atlantic and Roaring Water Bay.

The main house has over 4,500 sq ft of floor area, double height ceilings, a guest wing, extra large panoramic windows, a roof terrace and alfresco courtyard.

Features such as saunas, en-suite bathrooms and private gardens can be found at the other six properties.

Horse Island also offers a private pier for mooring ferries and private boats, a helipad, a games and gym house, a tennis court and a shipwreck play house.

Entirely contained, the island also has its own electricity, water and sewage systems, as well as private roads providing access all around the island.

Months of the negotiations for the deal were carried out during the Covid-19 lockdown, with the majority of communications carried out over WhatsApp - although it is noted that the buyer does not speak English.

Montague Real Estate sourced a range of suitable islands that met the buyer's criteria, instructed the legal teams to complete the deal, provided comprehensive tax advice and undertook all the negotiations between buyer and seller.

Other parties involved in the transaction included Alex Robinson from Knight Frank's Private Office, Ron Krueger of Engel & Völkers and Callum Baines, a selling agent from Colliers International.

"Horse Island is a unique trophy asset; sourcing the land off-market and getting the sale over the line during Covid-19 has been a challenge, so naturally we are delighted with this result," says Thomas Balashev, founder and chief executive of Montague Real Estate.

"We work on trust, not retainers, and will always be willing to go the extra mile to meet our clients’ bespoke needs. We look forward to working on more projects of this scale in the future."

Alex Robinson of Knight Frank's Private Office adds: "The sale of Horse Island is a great example of some significant deals that have taken place during lockdown and we are thrilled to have been part of it."

"It highlights a trend that is becoming more apparent as the impact of Covid-19 is felt and people look to purchase property or land in remote locations."

Horse Island boasts a rich history, having been home to a thriving copper industry between 1820 and 1874.

In 1841, the population of the island peaked at 137 people, most of whom were employed in the mines.

By 1965, all the inhabitants had left; some of the ruins of the old village and mangers’ houses can still be found on the island.

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    CON ARTIST dressed as a business man!!! Aka THOMAS BALASHEV
    from MONTAGUE REAL ESTATE/ PROPERTY/ MONTA CAPITAL/ and many other so called company names. THOMAS BALASHEV has conned me and others of their lifesaving's, pensions with a bond attached to a so called company called HIGH STREET GROUP AKA GARRY FORREST he promoted a UNregulated investment to me. Thomas marketed highly misleading information stressing non existing security went hand in hand with their scam.This is illegal under the Financial Services and Marketing Act (FSMA). Thomas and his so called professional team will pressurise you and call you on a regular basis for him to sell you whatever he is selling. Or go on any level to get a good image from
    Interviews, companies magazines etc anything to make him
    Look legit and inject trust in his victims. DO NOT INTERVIEW THEY ARE NOT REGULATED HE WILL do anything to gain your TRUST. Dinner out/drinks/ vidoe calls etc. If you don’t believe me, question him about his HIGH STREET GROUP investors money OR if he is REGULATED by the financial conduct authority (FCA) ASK HIM HOW HIS INVESTORS MONEYS ARE PROTECTED ? Him
    And his so called team will
    Tell you they are protected against the building/ project etc but once he gets your money you have lost all power and access to it and it will
    Take only time to understand that it's a Ponzi scheme. There is no project or building and your money is moved from one company to another and it is impossible for you to get it back because IT IS NOT REGULATED AND HE DIDNT TELL YOU THIS. Thomas will
    Tell you excuses, lies and complicated financial jargon to shut you up. Don’t fall for his fake promises of high returns backed up by securities. Thomas has got his wife and friends to write fake reviews to reassure you to trust and invest with him, do not fall for this trap. Thomas is living the high life in Hadley wood London with other peoples life savings AVOID HIS PRODUCTS and SERVICES AT ALL COSTS !!!!!!!!!! MONTAGUE PROPERTY/ REAL ESTATE AKA MONTA CAPITAL !!!!!!

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