A £10million price tag has been placed on plush Astbury Hall, which is near Bridgnorth in Shropshire.
The sprawling country estate is owned by KK Downing, a former guitarist in the band, which was formed in Birmingham.
It collapsed into administration because of "unsustainable pressure" on capital, the Birmingham Post reports.
The historic estate boasts an 18-hole, 71-par championship golf course, which is ranked among the best in the UK.
The stately home is used for charity and corporate events, but has now been placed under the control of financial services firm FRP Advisory.
The plush estate is up for sale for £10million
The estate collapsed into administration because of "unsustainable pressure" on capital
The business is still trading and a £10 million price tag has now been placed on the 320-acre estate while its team of around 20 staff have all been retained.
Astbury Hall is a Georgian stately home built during the reign of Henry III in the 13th century but was destroyed by fire in 1889.
The present Astbury Hall was rebuilt in 1891 by the mayor of Bridgnorth Edmund Southwell.
Alastair Massey and Steve Stokes, partners at FRP Advisory, have been appointed joint administrators of Astbury Estates, Astbury Hall, Astbury Development Company and Ken Downing which jointly own and operate the hall, golf course and corporate hospitality business.
A statement from FRP Advisory said that, after years of successful management as a popular leisure pursuits business, recent tougher economic times in the corporate hospitality market had put unsustainable pressure on the estate's cash flow under its current financial structure.
It added that the appointment of administrators provided the cushion needed to allow the business to continue trading while a marketing process was commenced.
The present Astbury Hall was rebuilt in 1891 by the mayor of Bridgnorth Edmund Southwell
The estate is owned by the former Judas Priest guitarist
Mr Massey said: "Astbury Hall is a finely preserved, working English stately home steeped in history and the Astbury is a top notch, uniquely designed golf course, stretching across more than 300 acres of rolling Shropshire countryside.
"The administration process provides a cushion for the estate to run as normal while the business, including this historic house, the associated golf course and events business are all marketed for sale.
"The estate will continue to run as normal through the administration process and the number of bookings which the Astbury continues to make is a testament to the popularity of the hall, the golf course, its grounds and the catering on offer, all supported by its professional team of staff."