Stunning Shetland fort on sale for £30,000 – however there’s a £12million catch

A centuries-old castle on the distant Scottish island of Shetland is in the marketplace for a relatively paltry £30,000. However, would-be-buyers have been instructed they might want to fork out £12million to deliver it as much as scratch.

Brough Lodge on the island of Fetlar is on the market for lower than the worth of a flat – and at a worth which might not even cowl the deposit of a property in London.

Set in 40 acres of land, the property, which was constructed greater than 200 years in the past, comes full with folly towers, a courtyard and walled gardens.

The Brough Lodge Trust – created in 1998 to protect the constructing – is in search of what it calls a “philanthropic entrepreneur” who can breathe life into its formidable imaginative and prescient.

The proposals would contain the retention of the present constructing plus the creation of 24 bedrooms and a restaurant.

Brough Lodge is a class A listed constructing of nationwide significance, located on the north-west finish of the island, which has a complete inhabitants of simply 61.

It was in-built 1820 by a service provider referred to as Arthur Nicholson, who was impressed by the structure he admired whereas travelling throughout France, Switzerland and Italy.

The fort has been empty for the reason that Eighties when the final Lady Nicholson moved out.

Olive Borland, the final remaining inheritor of the Nicholson household, transferred possession of the whole property to the Brough Lodge Trust in 2007 and is likely one of the trustees.

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Since taking up possession of the property, the volunteer-run belief has invested greater than £500,000 raised through donations to make the property watertight and add a brand new roof.

The £30,000 worth is considerably lower than the typical worth of a Scottish home – calculated at £195,391 by HM Land Registry in August 2022.

But the belief believes any future investor might want to make investments one other £12million to finish the undertaking.

Brough Lodge Trust director and spokesperson for the undertaking, Drew Ratter, mentioned: “This is a singular proposition aimed on the world of philanthropist entrepreneurs.

“We shall fastidiously assess all affords and can wish to be certain that the brand new possession optimises profit to the Fetlar neighborhood.“

Guests at Brough Lodge would have the chance to do yoga and textile courses and expertise Shetland traditions of knitting and weaving, in addition to get pleasure from spectacular views of the North Sea.

Proceeds from the sale of the lodge will go in the direction of tuition in hand knitting for kids, preserving alive a key aspect of the island’s inventive heritage, says the belief.

It envisages the event will deliver tourism to the island, in addition to create 14 jobs.