With 50 Million Won, You Can Buy a 200-Year-Old Castle in Scotland... Repair Costs Are 19.7 Billion Won?

"Looking for a New Owner to Transform the 'Goseong' into a Resort"

A 200-year-old castle in Scotland has been put on the market for just ?30,000 (about 50 million KRW). However, the renovation costs are estimated to be around ?12 million (about 19.7 billion KRW), making it unlikely to find a new owner easily.

On the 31st of last month (local time), the BBC and other UK media reported that the Brough Lodge Trust, which manages Brough Lodge Castle, is looking for a "philanthropic entrepreneur" to buy the castle for ?30,000 and transform it into a world-class resort.

Brough Lodge Castle, Scotland. [Image source=Yonhap News]

Brough Lodge Castle is located on the island of Fetlar, situated between northern Scotland and Norway. The island has a population of 61 residents.

The Trust has plans to renovate the castle, which sits on a 0.16 km² site at the northwest tip of Fetlar Island, to create 24 rooms and a restaurant. They said, "The vision is simple but effective," adding, "If we follow the plan we have set, the historical characteristics of the building will be fully respected."

According to the Trust, future guests at Brough Lodge Castle will not only be able to enjoy panoramic views of the North Sea but also participate in locally famous knitting classes. However, the renovation costs are expected to be about ?12 million (approximately 19.7 billion KRW).

Meanwhile, the castle was built in the 1820s on the site of a merchant named Arthur Nicholson’s house, inspired by architectural styles he encountered while traveling in France, Switzerland, Italy, and other countries. However, it has remained vacant since 1980, and Nicholson’s last heir transferred ownership to the Trust in 2007.

The Trust expects that the castle development project will create jobs for 14 people on the island and bring economic benefits to the community.

This content was produced with the assistance of AI translation services.