A north-east hotel which was destroyed by fire last year has gone back on the market after its value was slashed.
Macduff’s Highland Haven Hotel was devastated by the blaze and had to be torn down by Aberdeenshire Council when it became a risk to the public.
Now, the site where it once stood, on Shore Street, is up for auction again. And, after spending two months failing to find a buyer, the sellers, Future Property Auctions, have cut the guide price on the plot to just £55,000.
In June, the Edinburgh-based firm placed a value of £95,000 on the plot. But, when it failed to find a buyer at auction last month, that figure was reduced to £72,000 – almost £600,000 less than when it was last sold, complete with onsite hotel.
Future Property Auctions have claimed the project in Macduff is an “excellent redevelopment opportunity” which would boost resale value.
It added: “The site would suit a builder or developer and, with stunning views over the harbour, redevelopment would sure to be a hit.”
The Highland Haven had been inactive since about 2010 and attracted a reputation locally for housing squatters.
At the time of the fire, it was offered for sale by chartered surveyors Shepherd.
One resident described the building as “an accident waiting to happen”, the morning after the blaze.
Around 70 firefighters battled the flames at the Highland Haven for more than four hours on the night of the incident.
A spokesman for Aberdeenshire Council, which tore down the building at its own expense, said it was monitoring the outcome of the land’s sale.
He added: “The council is aware of the auction of the site of the Highland Haven Hotel.
“The council is seeking to recoup the monies spent in making it safe and clearing the site.”
The auction, which will take place in Glasgow, begins at 7pm on September 14.