Wed, 16 Mar 2011 | BUSINESS SALE
New owners have acquired the former Thaxted Hall Hotel following its closure and plan to convert it into a care home.
The hotel, located just outside Thaxted on Walden Road, was trading as a function business and nine-bedroom hotel prior to its closure last year. It also offered full bar and restaurant facilities and has planning consent to be used for both a commercial hotel and a residential institution.
Its sale – with an asking price of £650,000 - prompted a flurry of interest, according to property sales firm Christie + Co's Tim Gooding, who handled the transaction.
He said, “We had a significant amount of interest from both hotel and care operators and are very pleased that the property has been sold after a short period of marketing. We wish the new owners well in their latest venture.”
The new owners, Zero Three Care Homes, now intend to kick off an extensive refurbishment and development programme over the course of this year, and will then operate the building as a care home within the specialist care sector. The exact purchase price has not yet been disclosed.
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LEASEHOLD
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