Au revoir south of France and hello to the Isle of Man

in Business

Lingerie tycoon Michelle Mone’s Côte d’Azur villa is for sale - as she looks set to make the Isle of Man her new home.

Lady Mone, founder of the Ultimo brand, is switching Villa La Cascade in the south of France for a new life here in the island.

Michelle, 45, who founded the Ultimo brand and in 2015 was made a Tory peer, is asking more than £13 million for Villa La Cascade through upmarket agents Knight Frank.

It has seven bedrooms, staff accommodation and an amazing infinity pool with a Jacuzzi.

The villa, surrounded by palm trees, is said to offer privacy and incredible views overlooking the bay of Villefranche-sur-Mer.

Michelle is selling up to move in with her businessman partner Doug Barrowman, a fellow Glaswegian, at St Marks. She has also launched a new global business venture called Michelle Mone Interiors to offer high-end bespoke interior design services around the world. The new business has an office in Knox House, Finch Road, Douglas.

Last month our sister paper, the Manx Independent, told how Michelle opened her heart about her romance with Mr Barrowman in Hello! magazine. The couple invited the magazine into the sprawling, magnificent home they now share in the island.

She said: ’I feel like I’m in a fairytale. A beautiful dream I don’t ever want to wake up from.’ Doug, 52, a father-of-four, and mum-of-three Michelle told of their first proper date, on board the businessman’s £30m superyacht. Michelle added: ’In every way, I came to see I’d met my match in this amazing man.’

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Paul Willetts · 5 days ago · Report

I think it's nice someone is coming to the Isle of Man !! Who is a int decorator !!! Hopefully she's cheap enough to design from 1 st Ave to Pulrose !!

RichEader · 23 days ago · Report

It's not an IOM property Gav; it's a property in France. French taxes will definitely apply. IOM taxes won't and shouldn't. I don't know where people get this misconception that just because someone lives in the IOM they don't have to pay taxes elsewhere where their economic activity might be. Actually, living in the UK would be better in that regard because they (unlike the IOM) have double taxation treaties.

Gav · 23 days ago · Report

Of course, the prospect of now paying NO capital gains tax when the French property sells has had no bearing on the move whatsoever. She'll be gone again in 366 days.

RichEader · 24 days ago · Report

Quite a lot of wealthy people have moved away from France Fell, after M. Hollande began his 'war on capitalism' (his words). Apart from that, I think the IOM has quite a lot to commend it to successful people, both on a personal and business level. In my opinion, however, the IOM Government has done an absolutely miserable job of conveying that. The only message that gets out is that this place is for motorcycle maniacs and the chronically unemployed.

Fell · 25 days ago · Report

There's a very nice large house and grounds for sale at a discounted price in the middle of Castletown with views over the harbour, castle and coast that would benefit from a nice couple owning it. It would be genuinely interesting to know what motivates a person to move from the south of France to the IOM. Family, proximity to markets, security, lifestyle, cost of living, tax? Presumably not the climate? Anyway - bienvenue!

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