A former Fife hotel is set for a new lease of life after being purchased by developers.
The Lundin Links Hotel ceased trading earlier this year after its owner had previously warned about a drop off in trade.
The C-listed building, prominently located on Leven Road, has been vacant ever since, with members of the local community keen to have the future of the distinctive structure settled once and for all.
After generating much interest while on the market, the company overseeing the sale of the building has confirmed that a new owner, Kapital Assets, has purchased the property for an undisclosed sum.
Jonathan Reid, commercial partner at Shepherd, said: “Given its prominent situation within the East Neuk of Fife, it was hardly surprising that much interest was generated in this property.
“We are delighted to secure this deal on behalf of the liquidator and welcome the positive impact the redevelopment of the property will have on the local economy.”
It is understood that the new owners intend to transform the building into residential accommodation, although whether this is as a single property or a number of flats remains unknown.
It ends the uncertainty surrounding the future of the site, with its former owner having considered the possibility of redeveloping the hotel into 36 flats in 2012.
The ambitious proposals, which also included a retail development, were never taken forward and the three-star hotel closed its doors in January.