Fri, 15 Jun 2018 | COMMERCIAL PROPERTY
A Georgian hotel from the 19th century has been put on the market for an unknown amount.
Lovelady Shield Country House Hotel, located in the northern Pennines just 2.5 miles from Alston, Cumbria, has appointed property consultants Sanderson Weatherall and real estate company Savills as joint agents to market the sale of the hotel.
The property boasts 15 double bedrooms, four barn-style cottages that create 17 further rooms, and a restaurant that stars an AA Rosette rating. It is reachable from both the A69 and M6 motorways.
Planning permission has also been granted to develop 38 holiday lets on the site.
David Murray from Sanderson Weatherall said: “This is a rare and fantastic opportunity to acquire and redevelop this country house hotel into a stunning holiday destination in a designated area of outstanding natural beauty.
“The development also has planning permission providing for 38 holiday lets along with an indoor swimming pool and spa facility, offering the potential to develop a first-class, luxury hotel and spa resort in a beautiful location which would significantly increase the site’s revenue potential.”
A study by PwC predicts a positive future for the regional hotel industry in 2018, forecasting a 2 per cent growth in ADR, and a RevPAR growth of 2.3 per cent this year.
“The peace and tranquillity this destination offers, together with the varied range of outdoor pursuits available in the immediate proximity, makes it a highly desirable investment,” added Murray.
Has extensive in-house expertise and relationships with a range of specialist subcontractors. Second-tier management team in place who can run the company on the day-to-day operations. Has obtained several awards due to its superior service offering....
LEASEHOLD
Turnover of £1.7m with an adjusted EBITDA of £475k. Offers mobile and fixed communication services, as well as a comprehensive managed service portfolio to clients across Southern England.
LEASEHOLD
Offering a professional and cost-effective service, the company specialises in digital, litho print and direct mail. Services include repro/pre-press, print management, finishing, exhibition and mailing services, and media planning and buying.
LEASEHOLD
|
23
|
|
Sep
|
Cartwright Group enters administration, but fleet and rental arms are sold | ADMINISTRATION
Commercial trailer manufacturer and rentals firm Cartwright ...
|
22
|
|
Sep
|
Macbryde Homes bought by managing director and finance partner | MBO/MBI
Welsh home construction firm Macbryde Homes has been sold to...
|
21
|
|
Sep
|
Aldo UK acquired out of administration by investment firm | BUSINESS SALE
The UK arm of shoe retailer Aldo has been acquired by Birmin...
Sign up to receive our acquisition alert emails to get your FREE guide
|
03
|
|
Jul
|
Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY
High street fashion retailer Next Plc has confirmed the succ...
|
02
|
|
Apr
|
Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY
Fashion retailer Next has put its head office and three ware...
|
18
|
|
Mar
|
Laura Ashley enters administration as virus hits funding hopes | ADMINISTRATION
Home furnishings and fashion retailer Laura Ashley has filed...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources