Shadwell Stallion Complex Attracting Plenty of Interest

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The 530-acre Shadwell Stallion Complex came onto the market just one week ago, and has been the subject of interest from parties domestic and foreign alike, said Ken Donworth, the listing agent with Bluegrass Sotheby's International Realty.“We've had some foreign interest, but it's mainly been domestic,” the agent commented. “I think due to the fact that the horse business in Kentucky is doing well. And I think a lot of people are moving from Texas, California, New York, Oregon. There's a lot of domestic interest.”The complex is situated just across the street from Keeneland Race Course and next to Blue Grass Airport, and Donworth references one of the key tenets in real estate that contributes to the property's appeal.“Location, location, location,” Donworth said. “Look, it's a beautiful spot: airport, Keeneland….everything is right there. It's unique and the quality and the location is obviously hard to replicate anywhere. It's just a unique property.”Though the existing structures were built over four decades ago, the facility remains in pristine condition, Donworth said.“Clearly it was built to the highest standards,” he said. “When we went through the inspections with engineers and inspectors, they really found nothing wrong with the property. So back then they were ahead of their time as far as quality and structurally and electrical for that matter, and even the design itself.”Donworth admits that the property will obviously not come cheap, but suggests that the $20-million asking price is reasonable, all things considered.“You don't really have ready-to-move-in stallion divisions that have come available in recent years,” he said. “Obviously, you've had a few transitions like Don Alberto obviously bought Hill 'n Dale, and then obviously you had Goncalo [Torrealba] that bought Three Chimneys, but they were really not on the market. But something like this hasn't been offered publicly, to be honest. If you had to rebuild something from scratch, it would cost you far more than this.”Donworth reports there are no restrictions on the property, meaning that the successful buyer can do with it as they see fit, in theory. But as a 'living piece of Thoroughbred nostalgia that deserves to be preserved, respected and carried forward into its next chapter' as stated in the listing, there is every reason to expect it will continue to operate in its current arena.“I feel the Shadwell ownership want to do the right thing and keep it in the equine side of the business, whether it's Standardbreds or Thoroughbreds, preferably equine use,” Donworth said.The listing may be viewed here.The post Shadwell Stallion Complex Attracting Plenty of Interest appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.