An Angus farm which was once the home of a nineteenth century entrepreneur has gone on the market at offers over £2.12 million.
Victorian industrialist Peter Smith lived at Holemill Farm before he emigrated to South Africa in the late 1800s. He went on to found the city of Dundee in Natal, having made his fortune in discovering and mining coal in the area.
The farm, around six miles south of Forfar, extends to around 82 hectares and is being sold as a package of five lots – available individually or as a whole.
Peter Smith capitalised on the opportunities when the first proper survey of the Natal coalfields in 1880 confirmed that large workable deposits lay beneath the surface. The Dundee Coal and Estate Company was formed and Smith floated the company on the London Stock Exchange in 1899. The new city of Dundee emerged as a boom town and eventually became the meeting place of seven roads into the hinterland and coast of Africa.
Holemill is being marketed by Bell Ingram in Forfar.