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Whyte’s castle up for sale at £1.1m

Whyte’s  castle up for sale at £1.1m

A Highland castle previously home to former Rangers FC owner Craig Whyte has been put on the market for £1.1million.

Castle Grant, on the outskirts of Grantown, was repossessed by the Bank of Scotland last week over mortgage arrears.

Despite most of the furniture being removed, photographs taken by the Inverness-based selling agent show that Mr Whyte and his now estranged wife Kim lived in some splendour when staying in their Highland hideaway.

The spacious ballroom gleams with varnished panelling, and there is an elegant staircase carpeted with what appears to be Grant tartan.

There is a cinema room, a spacious billiards room, and a massive library, plus four bedrooms and a guest wing. A splendid roll-top bath, possibly an antique, is featured in one of the images.

The four-storey castle also has a landscaped loch and 35 acres of rolling private land looking out to the hills of Cromdale.

The sale is being handled by estate agents Strutt and Parker.

The castle was redeveloped in the 1990s before it was sold to Mr Whyte for £720,000 in 2006 but is now said to need “significant investment” – although the estate agency said it could be “one of the premier private houses in the UK”.

Most of Mr Whyte’s belongings were removed from the property last week.

Estate agent Kevin Maley said: “It is clear that a number of improvements have been made, however a large part of the property remains undeveloped and a significant amount of investment will be required to finish this off.

“Castle Grant is a wonderful property which is absolutely ripe for development, which could lead to it being one of the premier private houses in the UK.”

Mr Whyte bought Rangers in 2011 while a large tax liability was in dispute. The club went into administration less than a year later and was eventually liquidated.

In December, he lost an appeal over a court ruling that he must pay £17.6million to ticketing firm Ticketus who provided funds to help buy the club under a deal which would see it paid back from ticket sales.

The Bank of Scotland raised a legal action against him last year after he had failed to make the repayments from 2012.

The battle came to an end at Inverness Sheriff Court last Tuesday when Whyte finally agreed to repossession.