A derelict slice of land in the heart of a north-east community is back on the market after failing to find a buyer.
Macduff’s Highland Haven Hotel was demolished after a massive fire in 2014, and the land on which it stood is now being offered to would-be developers for a fraction of the original cost.
Glasgow auctioneers Future Property Auctions has listed the ground as having a guide price of just £49,000.
When it was last sold, complete with the hotel, it fetched £670,0000.
The price cut reflects three months of failed auctions, which have failed to attract bidders.
It was first offered to buyers in June, when the firm said the site was worth £95,000.
Future Property Auctions has claimed the project to develop a presence in Macduff is an “excellent redevelopment opportunity” which would boast resale value.
It added: “The site would suit a builder or developer, and with stunning views over the harbour, redevelopment would be sure to be a hit.
“It should attract good interest from investors, speculators, developers and shrewd purchasers. [It is a] super-sized site with frontage onto Shore Street and a prominent road position overlooking the harbour.”
The hotel had been inactive since about 2010 and had attracted a reputation locally for housing squatters.
At the time of the fire, it was offered for sale by chartered surveyors Shepherd.
A resident described the building as “an accident waiting to happen”, the morning after the blaze.
Around 70 firefighters from stations across Aberdeenshire battled the flames at the Highland Haven for more than four hours on the night of the incident.
The auction for the site, which will take place in Glasgow, begins at 7pm on October 26.