The properties are a mix of former hotels and private homes. Some are up for sale while others are being offered for rent.
But a consortium of investors who previously put in a bid for all of the Barclays’ properties in Sark has said it is not interested in picking up these offers.
One of the most striking houses for which the Barclays are seeking a buyer is La Jaspellerie, a four-bedroom, three-bathroom, clifftop house above Dixcart Bay. Recently rebuilt, the asking price is £2.95m.
Also on the market is the former Hotel Petit Champ, which is being offered on a leasehold basis.
According to the Sark Estate Agents website, this property is already under offer.
Another former hotel, the Aval de Creux, has been put on the market on what is described as ‘a preliminary basis in order to gauge interest’.
Approaches for this property are being invited both from potential purchasers or tenants.
The cheapest of the Barclays’ properties on offer is the badly run-down L’Hivernage Guest House, which has an asking price of £400,000.
In October 2024 local residents Seigneur Michael Beaumont and Swen Lorenz led an investment platform as the Sark Property Company to bid £20m. to purchase all of the Barclays’ properties in Sark. It was rejected a few weeks later.
Mr Lorenz said yesterday that the company would not be interested in buying the properties individually.
‘Our company bid for the Barclay-owned Sark portfolio in its entirety – excluding Brecqhou – because we believed that buying an entire portfolio that constitutes 20% of the island’s surface area [more than 100 acres] would justify offering a premium, which in turn could make a transaction more attractive to the current owner.’
Why individual properties were now being marketed, Mr Lorenz said he ‘can only speculate’ but had noted the Barclays’ family’s well-publicised financial issues.
He said he also believed that some of the properties were over-valued, particularly La Jaspellerie.
Mr Lorenz said he would still have an interest in the whole portfolio, and had access to funding at short notice, but would not be making another proactive bid at this time, due to the ‘unrealistically high’ asking prices and the adverse macro conditions that currently exist in Sark.
You need to be logged in to comment.