Alloa's Historic Kilbagie Mills For Sale
31st March 2008
Ryden and DTZ, acting jointly on behalf of the Oran Group, are marketing the former Kilbagie Mills at Kincardine near Alloa.
Kilbagie Mills is one of the largest industrial properties currently on the market and provides in the region of 400,000 sq ft of accommodation on a 37-acres site. The site is home to two listed mid 18th century buildings, Kilbagie House and Kilbagie Mill House which have been converted to office use.
Many of the existing Mill buildings require redevelopment but the site is centrally situated to service Scotland’s central belt. The property is suitable for a major single user industrial occupier or could be developed as a modern industrial / distribution estate.
The property is well placed to take advantage of the new Upper Forth Crossing Bridge, which is only a few 100 metres to the north. The bridge is due to open in November 2008. Freightline sidings could be reconnected to the restored Alloa rail line, due to open in May 2008.
The Oran Group is retaining for its own use the modern 8-acre water treatment plant together with the two reservoirs to the north known as Peppermill Dam (112 acres), and Moor Loch (50 acres) which provide a private water supply to the Mill complex.
History of Kilbagie
The property is the site of the former Kilbagie Distillery which dates back to 1720. Rabbie Burns visited Kilbagie in 1787 and included reference to Kilbagie Whisky in his poem ‘The Jolly Beggars’.
In 1850, the increasing popularity of gin caused financial failure of the Kilbagie Distillery and in 1875 paper making was started by Mr J A Weir, a forerunner to the Weir Paper Products Ltd. Other previous owners include Gestetner Papers Ltd, the Pratt Group of Melbourne, Australia and Inveresk plc.
