Scotland's most expensive modern mansion slashed in price

Kirkton Park, Auchterarder. Picture: Rettie

Bankrupt businessman Graham Gillespie’s house has not sold despite being on the market for than a year.

The property cost around £10 million to build making it the country’s most expensive modern home.

However, it was put up for sale for offers over £3.4 million by Gillespie’s bankruptcy trustee in January last year in a bid to pay off his multi-million pound debts.

The front of the mansion. Picture: Rettie

Mining and property magnate Gillespie, 58, was made bankrupt in 2012 with debts of £12.8 million after his business empire crumbled.

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The grand property called Kirkton Park in Auchterarder, Perthshire, sits in seven acres of grounds and its entrance features a stone fountain and a man made pond.

The home, built in 2007, has its own cinema room, a billiards room, a wine store, a gym, summer house, four car garage and study.

Interior pictures also show it boasts a spa with jacuzzi, steam room, Rasul mud room and a salt cave with two heated benches.

It is now being advertised for sale for offers over £2,950,000 after a proposed sale fell through last month.

The property is said to have been viewed by a number of leading Scottish business figures and footballers.

The sales brochure from estate agents Rettie reads: “Kirkton Park is one of the most impressive and spectacular contemporary homes built in Scotland in recent years.

“The house neighbours farmlands to the north of Auchterarder and is located a short distance north-east of The Gleneagles Hotel and

enjoys panoramic views over the farmlands of Strathearn towards the hills of Glenalmond and Logiealmond.

“Kirkton Park stands in about 7 acres of gardens and is entirely enclosed by a £1.8m high natural stone wall.”

Gillespie was once one of Scotland’s richest businessmen and a major Rangers shareholder.

His friends include Sir Sean Connery, snooker champion Stephen Hendry, football legend Graeme Souness and former Rangers owner Sir David Murray.

But the businessman squandered cash on a lavish lifestyle, gambling and private jets.

He and his three brothers inherited their father’s open cast mining business but the economic crash and a series of family feuds saw their businesses hit the skids.

He was declared bankrupt in June, 2012, and more than £9 million of his debts are owed to Bank of Scotland.

In June 2013, Gillespie’s bankruptcy was extended for another year after a court heard he had hid assets from his creditors and was continuing to lead an extravagant lifestyle.

The hearing at Perth Sheriff Court was told he handed £2 million worth of shares in one of his companies, Airdrie North Ltd, to former Rangers manager Graeme Souness.