Historic castle unsold after single bid falls short

Summarised from 2 outlets · Updated 14 Oct, 14:28 · Archive

Leasowe Castle attracted only one bid of £1.41m, below its £1.5m reserve price.

Leasowe Castle attracted only one bid during a 22-hour online auction on 13 October, with the offer of £1.41m failing to meet the £1.5m reserve price. The Grade II* listed building on Leasowe Road, Moreton, saw its asking price reduced significantly from an initial £3.5m valuation to £1.5m after the castle closed abruptly and became subject to a High Court possession order following financial difficulties.

Built in the late 1500s for Ferdinando Stanley, fifth Earl of Derby, the castle later became known as Mockbeggar Hall. It functioned as a hotel from 1982 and was purchased by Lawton Hotels in 2000. The property comprises 48 en-suite bedrooms, four function rooms, restaurant and bar facilities, and parking for around 70 vehicles across more than 5 acres. Its future now remains uncertain following the failed auction.

How it is being reported

• Leasowe Castle Hotel fails to sell in auction despite £2m drop in asking priceIt is hoped a new owner will be found soon, as a number of potential buyers have been invited to view the castleLiverpool Echo · 14 Oct, 16:57
• Future of historic castle unclear as online auction ends with just a single bidLEASOWE Castle remains unsold after attracting just a single bid in an auction held yesterday (October 13.Wirral Globe · 14 Oct, 11:22

In this story: Leasowe Castle · Ferdinando Stanley, fifth Earl of Derby · Lawton Hotels · Merseyside · Auction House North West

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