Tissington Estate: Strategic Estate Review

Location

Project summary

• We were instructed to undertake a strategic asset appraisal for this historic rural estate.
• The business included a range of traditional let farms, cottages and commercial units together with a number of in-hand tourism ventures and woodland.
• The work included benchmarking the Estate’s performance and giving a detailed recommendations with subsequent implementation .

Solution

• Review of the residential portfolio to improve housing stock, ensuring let property compliance is met.
• Identification of options to further develop the Estate as a tourism destination, improving returns from current tourism ventures as well as suggestions for additional ventures.
• Reviewing the performance of individual assets, Core and Non-core assets which could release capital for alternative investment.
• Recommendation for redundant assets with regards to alternative uses and income streams.
• Identification of natural capital opportunities.
• Sought to future proof the Estate, to ensure it is sustainable for future generations.

Benefits

• Identifying diversification options that will result in alternative sources of income for the Estate will ensure that the business risk is reduced.
• Improving the housing stock will ensure a potential increase in rents and overall market value.
• Improvement of assets will not only better the Estate’s income but also preserve for future generations.
• Estate will be more resilient to unforeseen political, environmental, or economical changes if business risk is reduced.