A well-loved Monifieth landmark has been put up up for sale, sparking speculation over its future.
The Panmure Hotel, which overlooks the town’s picturesque Medal and Ashludie golf courses, has gone on the market for £800,000.
The 19th Century building, which closed as a hotel last Hogmanay, has planning permission in place to convert the once-grand home into a number of flats.
Anyone looking to buy the property would not be obliged to follow through with the plans. It is understood a number of notes of interest and offers to buy have already been submitted.
The Panmure Hotel was closed after its owners said the business had suffered “substantial losses”.
The hotel, on Tay Street, had been due to be converted into nine flats in a £2.7 million redevelopment.
The plans were approved in February and locals had expected the work to be completed within the next few years. The building was said to be in need of “significant renovation”.
Monifieth Liberal Democrat councillor Ben Lawrie said the building held a special place in the hearts and minds of local residents.
He said: “People in Monifieth have fond memories of going to the Panmure Hotel for all sorts of functions and events.
“I even remember going to a school ceilidh there a few years ago.
“It would be a shame for such a beautiful building to lie empty and unused and I’m glad to see that new life will be breathed into this building.”
The hotel had previously been a popular venue for weddings and other functions.
It also hosted three-time BDO world champion Martin “Wolfie” Adams, who appeared at the Panmure last year.
Announcing its closure and the apartments plan last year, managing director Charlie Duthie said the aim was to create jobs in the Angus town while “bringing the building back to its former graceful splendour.”
He said: “The current owners and former two tenants have tried hard in the past seven years to turn the business around.
“They have invested in refurbishment of the building but this has proved to be uneconomic and as a result, incurred substantial losses.”
