Massive abandoned mansion near iconic Scots beauty spot for sale – and its new owner could net £7m profit
HUGE ESTATE Massive abandoned mansion near iconic Scots beauty spot for sale – and its new owner could net £7m profit
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A MASSIVE derelict mansion is on sale for £1million - and could net its new owner a £7million profit.
Former school Pirniehall is located on 15.5 acres of land in the small Loch Lomond town of Croftamie in Scotland.
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Former school Pirniehall is up for sale for £1million
Credit: SWNS
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However, the building has fallen into a state of disrepair
Credit: SWNS
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It is located on 15.5 acres of land in Croftamie
Credit: SWNS
It has planning permission in principle for conversion into a holiday site with seven holiday apartments and eight new holiday lodges.
The building was first constructed in the late 1800s as a mansion house for Sir Alexander Murray, but was converted into a residential school in the late 1970s.
Now, the building has fallen into a state of disrepair - but auctioneers at Prime Property Auctions say the plot boasts an estimated Gross Development Value of £8,100,000 and presents an "outstanding opportunity for developers looking to make a significant investment."
Photos of the property show collapsed ceilings broken windows and weakened walls, leading to the land being offered at a "fantastic discount to ensure a sale".
However, the land presents the opportunity for its buyer to convert the building into a dwelling with leisure facilities, and transform the outbuildings into holiday apartments and lodges - with the potential income once developed expected to reach around £500,000 per year.
Prime Property Auctions said: "We are excited to present this rarely available plot in a prime countryside location situated within the sought-after area of Croftamie.
"The property comprises a huge 15.5-acre plot that offers an exceptional opportunity for development.
"With its expansive size and prime location, this plot is sure to appeal to savvy developers seeking a large development site with immense potential.
"Also sure to appeal to owner-occupiers looking for their dream home project, subject to gaining necessary permissions.
"The plot comes with planning in principle for conversion into a holiday site, with potential rental income reaching approximately £500,000 per annum once developed, making it a lucrative investment.
Coronation Street star turned millionaire bikini boss shows off HUGE mansion she built herself
"The property is being offered at a fantastic discount to ensure a sale.
"It should appeal to anyone looking for a straightforward purchase with excellent upside potential.
"Planning in principle for mixed-use residential and tourism development, including conversion of former residential school to a dwelling with leisure facilities, erection of garage with flat above, conversion of outbuildings to seven holiday apartments, eight new holiday lodges, new access road, gateway structures, parking, and drainage infrastructure."
The property is up for auction with Prime Property Auctions, who are open to immediate offers.
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The massive mansion could net its new owner a £7million profit
Credit: SWNS
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The building was first constructed in the late 1800s
Credit: SWNS
8
But it was converted into a residential school in the late 1970s
Credit: SWNS
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The property comprises a huge 15.5-acre plot that offers an opportunity for development
Credit: SWNS
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