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Site of St Mary's Chapel, remains of well, and supposed site of convent of Carmelites. The well associated with the chapel now consists of a wall of mortared stone 5 m diameter by 1.4 m high, located to the south west of the chapel site at circa NJ 6797 3278. The site of the chapel is now covered by the Fife Mausoleum (NJ66SE0180). The Chapel of Our Lady near Banff was bestowed upon the Carmelite Friars in 1321 by Robert I who confirmed it to them in 1324 along with land for the erection of a church and monastery/friary. In 1559 the friary was destroyed by fire and in 1574 James VI granted the lands, buildings and revenues formerly belonging to this house to King's College, Aberdeen. There is a late 19th century reference which notes that it was confirmed locally that the foundations of the old church or chapel of St Mary were where the Fife Mausoleum now stands, and the churchyard was described as having been of large extent.
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