5/20/2023 0 Comments Isle of jura real estate![]() 'A mountainous island, with its Paps and extensive deer forests, Jura is probably best known for its distinctive and world-renowned whisky, with the distillery adjacent to The Jura Hotel. 'The hotel has been extensively refurbished and renovated, to provide excellent hotel facilities, which has included installing biomass and solar panel systems and creating a new 5-bedroom house for owners.Īt the front of the site is an alfresco terrace and bar and café overlooking the hotel's camping and event field (pictured above) ![]() The many visitors - leisure tourists commercial - all enjoy the island and hotel warm hospitality with a good mix of custom to the hotel. Graham and Sibbald's description of the hotel added: 'The Jura Hotel has a superb prominent position with open views over Small Isles Bay. The business is understood to have a turnover of around £880,000 net. 'The purchase by the local Ardfin Estate not only secures the future of the Jura Hotel - an essential element of this island’s community - but also offers excellent business growth opportunities when "marrying" it with hotel and leisure/sporting facilities at Ardfin.' The hotel contains two bars, a restaurant, lounge and a five-bedroom house for its owners and staff accommodation.Īt the front of the site is an alfresco terrace and bar and café overlooking the hotel's camping and event field.Īlistair Letham, a hotel and leisure consultant with estate agent Graham and Sibbald, said: 'The availability of the Jura Hotel for sale, almost unique in this idyllic island location, attracted interest from a wide range of potential buyers and hoteliers. Over the last decade, the Jura Hotel has been refurbished by its former owners and is 'green' powered through biomass systems and solar panels. Mr Coffey bought Ardfin Estate for £3.5m in 2010 and has spent around £20m creating an 18-hole golf course on the island's rugged terrain.Įstate agents Graham and Sibbald described the Jura Hotel as a 'fantastic opportunity' for the right person. ![]() Willie McDonald, of Ardfin Estate, said following the acquisition: 'Ardfin Estate are delighted to be the new owners of Jura Hotel and intend to continue the operation in the same vein as the previous owners and hopefully, if possible, build on the success that Andy and Cath McCallum have had in their 11 years of owning the hotel.' Mr Coffey has mansions in London and Sydney, and bought the sprawling Ardfin estate in the Hebridean Island of Jura in 2008 when it was on the market for £3.5million. His obsessional style meant he would have his trading terminals flown to his hotel wherever he was on holiday, then re-assembled to allow him to trade through the night while his wife and children slept. Mr Coffey graduated with a degree in actuarial studies from Sydney's Macquarie University and started trading emerging-market equity derivatives in 1994 at Bankers Trust Corp, which was bought by Deutsche Bank AG in 1999. Greg Coffey was nicknamed 'The Wizard of Oz' after making a reputed £430m as a young City trader. He announced his retirement in 2012 to spend more time with his family, but has a portfolio of luxury properties dotted all over the world. The Australian first rose to fame when he walked away from a $250million (£156million) golden handcuffs deal in 2008 before building up a cult following in the financial markets because of the extraordinary success of the £3.5billion 'emerging market' funds he ran. Mr Coffey was nicknamed 'The Wizard of Oz' after making a reputed £430m as a young City trader.Īt the height of his career, he would have his trading terminals flown to his hotel wherever he was on holiday, then re-assembled to allow him to trade through the night while his wife and children slept. The hotel was placed on the market when its owners decided it was time to try something new after 11 years.Īfter just three months, it has been snapped up by the locally-based Ardfin Estate - owned by hedge fund star Greg Coffey. The island, which has a population of around 230 people, is also home to a 'distinctive and world renowned whisky' that is a favourite of former Prime Minister David Cameron and where Orwell was living when he penned his acclaimed dystopian novel. The 17-bedroom Jura Hotel is popular with both locals and visitors and boasts 'a superb prominent position with open views over Small Isles Bay'. ![]() The only hotel on the remote Hebridean isle of Jura where George Orwell wrote 1984 has been purchased by the City's biggest hedge fund trader - nicknamed 'The Wizard of Oz' - for more than £1.2 million.
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