Buchan Braes which once formed part of the RAF Buchan camp has been put back on the market.
The 16-acre site adjacent to the busy A90 was purchased by Buchan Braes Ltd in 2005 with hopes it could be transformed into a hub for both leisure facilities and businesses.
After facing serious financial problems, however, the company went into voluntary liquidation last year and signs went up at the site last week in the hope of selling buildings and land onto new businesses and developers.
Marketing the property on behalf of Derek Forsyth of Campbell Dallas Chartered Accountants is DM Hall.
Associate Trevor Morgan told the Buchanie: “Our agency boards went up last week and our instruction is to sell the land and buildings still owned by Buchan Braes, either as a whole or in parts.
“Consideration will also be given to letting individual buildings. The site extends to 6.5 hectares (16 acres) or thereby and has both let and vacant buildings extending to around 8,510 sq m (91,600 sq ft). Any sale of the parts which are let will of course be subject to the existing lease agreements.”
Mr Morgan confirmed that the Buchan Braes Hotel, Buchan Power Tools and Colin Ross Landscapes were not part of the deal.
Peterhead South and Cruden councillor, Stephen Smith, said: “The Buchan Braes estate is a fantastic facility with huge potential. I hope that, even in this current financial climate, new business can be attracted into it.
“Of course, a great opportunity was lost years ago when the Ministry of Defence were disposing of the site and Aberdeenshire Council refused to support a community buy-out.
“If the council had shown any vision at that time we would now have a community asset and a substantial community fund from the income it would have generated.”