Mystery surrounds landmark hotel

KIRKCALDY;
Advertising pic for Strathearn Hotel
Photo ; WALTER NEILSON
KIRKCALDY; Advertising pic for Strathearn Hotel Photo ; WALTER NEILSON

Mystery surrounds the future of the Strathearn Hotel after it failed to find a buyer at auction.

The 22-bedroom hotel on Wishart Place, which closed abruptly last May, had been marketed by Future Property Auctions with a guide price of £420,000.

Despite claims the hotel could be worth up to £1.8 million if converted into luxury flats,it failed to meet its reserve price at auction and a closing date for new bids was set for Friday on the company’s website.

However, Future Property Auctions told the Press: “The hotel is no longer for sale. The vendor wants it removed.”

Last month, Dunfermline-based City Hotels snapped up the Victoria Hotel on Victoria Road for close to its asking price of £850,000.

It was marketed by Colliers International which is also handling the sale of the Dunnikier House Hotel for a similar price.

The Strathearn Hotel closed amid a storm of controversy after it emerged staff, who were out of pocket, had been paid wages in loose change at Christmas.

A number of couples who had booked weddings at the popular hotel were also left high and dry.