Drumoig put up for lease

The Courier, 5 July 2002

The Drumoig hotel and golf course complex near Leuchars has been made available for lease.

Glasgow-based firm Creevy LLH yesterday said owners Drumoig Ltd had asked it to market the facilities on the basis of a 35-year lease.

Spokesman Alan Creevy said the business comprised an 18-hole golf course along with a 29-bedroom hotel.

He said the complex was developed in the mid-1990s and that although the developers have a love of golf they are principally residential developers.

Eighty executive houses had already been built on site, he said, and another 40 were planned.

“However our clients’ core business is house building and while the golf and hotel resort produces income well in excess of £800,000 per annum, excluding VAT, they have been unable to focus their efforts on the business.

“Our clients believe that an experienced operator will be far better placed to enhance and develop the resort,” said Mr Creevy.

He said the business had been placed on the open market on a new 35-year lease at premium offers over £175,000 for the golf course and the hotel.