An 18 acre estate located on an Island just off the coast of Snowdonia in Wales, is available to rent at the bargain price of £500 per month. The only catch is that you have to cough up a £100,000 repair bill for the renovation of the period farmhouse that is part of the estate.
The island, named Ynys Giftan and located in the Dwyryd Estuary, is rather rundown and the new renter must repair the 17.74 acres of land, numerous outbuildings and the main home. Rent is negotiable and can vary over the course of the lease, which extends to 20 years depending on the applicants level of investment.
The new tenant can either turn the island into an eco-tourism business or just focus on the farmhouse to turn it into an idyllic bolthole. The whole package is part of the Glyn estate and is being let out by the owner, the 7th Baron Harlech.
Lord Harlech has owned the island since the 1700s, when it was given as a gift by Queen Anne, hence the name, which means Anne’s Gift Island. It is looking for a tenant who will be able to maximise tourism.
The island can be accessed by a public footpath during low tide and is surrounded by estuary Sands on all sides, as well as boasting fantastic views of the Italian-style village of Portmeirion.
The new tenants will have to pitch for the property and are being asked to come up with creative proposals to try and get the tenancy.
Thomas Hanmer, of Strutt & Parker, said: “This is a blank canvas offering. It’s one of only 43 unbridged tidal islands in the UK and they rarely become available to the public.
“As the island has so much potential and applicants will have such varying aspirations, the rent is negotiable.
“The estate owner is keen to maximise this strength and maintain and enhance the wider public’s affection for the island and North Wales.”