AN “important” historic Scottish hotel has had £300,000 cut from its asking price.
The former Loch Earn hotel, in St Fillans in Perthshire, was put on the market for offers over £795,000 in February, but has so far failed to sell.
Agents Christie and Co have now announced that the asking price has been cut to offers over £500,000.
The hotel’s primary building is a C-Listed Victorian-styled property, which Historic Environment Scotland (HES) describes as “by far the most prominent building in St Fillans”.
HES further calls it “an important example of a hotel, which evolved from a small inn in the earlier 19th century through a series of additions and includes the original hall of the St Fillans Highland Society, a rare survival”.
The hotel was sold by Arran Brewery in 2021 after troubles with a fire on the property, compounded by the impact of the pandemic.
The current owner obtained planning permission to convert the site into 22 serviced apartments for holiday use, as well as developing an external building into accommodation for an on-site manager.
Agents Christie and Co said: “The property is ideally situated and offers fantastic views across Loch Earn.
“The building previously traded as a hotel with bar, restaurant and brewery and although will now require significant investment, the potential to reinstate to its former use would be extremely rewarding for the right developer/operator.”
It also includes 10 moorings, three piers, and a private slipway which provides access to Loch Earn.
Loch Earn is a popular holiday destination in the east of the Loch Lomond and the Trossachs National Park. It sits at the foot of the route up two Munros: Ben Vorlich and Stùc a' Chròin.
