Savills wins Appeal Court case over unpaid £150,000 commission

It has been revealed that Savills has won an Appeal Court case and is now due a commission of some £150,000 for the sale of Mill Ride Estate near Ascot in Berkshire, which sold for early £7 million in 2012. The estate used to be land and stables but during the 1990s was laid out as a golf course with a clubhouse (pictured). It was bought by Sidemanor Ltd in 2003, a company owned by London and Argyll-based businessman Peter Blacker (pictured, left) Savills were instructed to sell the property in 2012 and produced several valuations ranging from £2.5m to £10m, the higher of which assumed that planning permission could be gained for a large detached residence within the estate’s grounds, and vacant possession of a cottage. Savills also produced a document outlining what was to be sold including how, should the property sell, they would be due to a fee. This included the recommendation that the estate be sold via “private treaty” and that “we suggest that the estate is offered for sale as soon as planning consent has been granted and we advise that the marketing is initially carried out on a very private basis,” said Savills director…

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