Now named The Lookout, the former mill has gone up for sale on the open market with approved plans for the next phase of its development and the option of a full build contract to complete the work.
The five-bedroom, four-bathroom property also includes the field, road and quarry set within 2.3 acres, and is listed for an open market sale for the first time, being the first building approved by the States under new rules agreed last year which allows exceptional properties of historical significance to be added to the open market.
Estate agents Savills said the property offered the ‘best and most extensive views in Guernsey’ and the opportunity to create ‘an exceptional contemporary home’.
The property can be offered as a standalone opportunity for a buyer to complete with their preferred team, or with an optional build contract to deliver the full approved scheme subject to separate negotiations.
Vale Mill has also caught the attention of the London Evening Standard, which described it as having the potential of a ‘James Bond-esque new home’.
In an interview with the Standard, Vale Mill Ltd director and developer James Ridout estimated that the property would take 18 months build time and could cost between £4.5m. to £5m. depending on the plans.
The mill is in a ‘first fix stage’, where its internal layout has been prepared, but there is still electrical work, plumbing and plasterboard to install.
It was used to grind flour until 1940 when it was turned into an observation tower under the German Occupation.
In 1968 it was gifted to the States and in 2008, was bought at auction for £57,000 by Richard Ridout and the late Roger Perrot.