Renovation plans for Shetland castle could cost investors £12m
A run-down Shetland castle has been placed on the market for £30,000 as a local trust looks to transform the site into a luxury retreat – but potential investors could be pegged back £12m.
Brough Lodge is located on the island of Fetlar and dates back to the 19th century. The European-inspired castle underwent work between 2011 and 2014 to make the main house wind and water-tight.
However, the 200-year-old property needs major internal restoration, according to the Brough Lodge Trust, who are looking to transform the site to accommodate 24 bedrooms and a restaurant.
The 40-acre site is being marketed by Harper Macleod for just £30,000, but the trust estimates buyers may have to fork out £12m to see the potential plans through.
Constructed by merchant Arthur Nicolson, the castle has remained empty since the 1980s following the departure of the last Lady Nicolson.
The structure, based on an island with a population of just 61, contains a courtyard, walled gardens, and folly towers.
The Brough Lodge Trust hopes a “philanthropic entrepreneur” will take on the project, with proceeds on the property’s sale going towards the trust’s work in supporting hand-knitting tuition for local Shetland schoolchildren.
