26 June 1998

Strong £ accents French sale price

THE current strength of the £ makes an 820-acre grassland unit in France seem very cheap at £750,000, compared with UK land prices.

South-east of Poitiers, the unit, St Leoner, Montmorrillon includes two farmsteads in need of renovation, two habitable and one derelict cottage.

"The traditional buildings could be converted into residential units," says Clive Hopkins, Knight Frank handling the sale from the UK, "The planners seem receptive to development if the local community will see some benefit".

Also the present owners carrried out a feasibility study for the development of a golf course and hotel complex.

Including about 40 acres of woodland the unit, which currently supports a cattle enterprise, is guided at £750,000.