Castle for sale at 30m pounds discount
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.A castle that once housed the Royal Greenwich Observatory is up for sale after having its price cutby pounds 30m.
Offers of more than pounds 5m are being asked for 15th-century Herstmonceux Castle in East Sussex, which has a moat, 140 rooms, and 500 acres of grounds. Two years ago an American investment trust offered pounds 35m. That deal collapsed and the prospective buyer was later declared bankrupt. Then the company that owned the castle went into receivership.
A row broke out over the castle's sale in 1988 - when it ceased to be the home of the Royal Greenwich Observatory - to a small property company, James Developments, for pounds 8.1m. The Science and Engineering Research Council went ahead with the sale despite a reported bid of pounds 14m from a consortium of scientists, and was criticised for selling too cheaply.
A year later, James Developments put the castle and its estate up for sale at a guide price of pounds 17- 20m. The American investment group pushed up its offer to pounds 35m to outbid a Japanese rival.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments