Loch Fyne ‘ghost town’ to be redeveloped
November 9 2012an abandoned village on the shores of Loch Fyne, Argyll and Bute, is set to be redeveloped after being purchased from administrators for just £250k by Portavadie Forestry.
The new owners intend to demolish the 25 acre site and construct a range of new residential and commercial accommodation following the collapse of the previous owners, Portavadie Village Ltd.
A spokesman for Portavadie Forestry said: “This is an exciting opportunity for us to compliment the significant investment made at Portavadie Marina and to transform this site to an additional venue in the area.
"We are in the process of reviewing options for the site, but initial proposals include plans for a mixed development including a micro distillery or brewery with visitor centre and residential development."
Built during the 1970s oil boom it was intended to house workers at a concrete platform construction yard in nearby Portavadie. The village was abandoned however when the plug was pulled on the yard shortly thereafter.
Joint administrator Brian Milne said: "News that this land had been put up for sale generated a great deal of interest from a number of parties attracted by the potential of its location at Loch Fyne.
"The conclusion of its sale from administration delivers a successful outcome for all parties concerned and signals an end to the decades of this site earning the reputation as a ghost town."
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