Cumbria hotel on sale for an undisclosed price

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.


Share this article



Latest Businesses for Sale

Festival Operator Business
Essex, South East, UK

An excellent opportunity exists to purchase the business and assets of a well-established festival business that has built up a successful annual festival in the South East of England. Offers invited.

Asking Price: £100,000
Turnover: £5,000,000

LEASEHOLD


Commercial Lighting Contractor Business (Fast Sale)
Oxfordshire, South East, UK

A sale will be executed at the earliest opportunity. All expressions of interest must be registered by no later than 22 July 2020. An excellent opportunity exists to purchase the business and assets of a well-established commercial lighting contracto...

Asking Price: £50,000
Turnover: £5,000,000

LEASEHOLD


Telecoms & IT Services Provider
London, UK

An opportunity to acquire a UK-based telecoms and IT multi-layered services provider delivering leading edge services to contracted telecoms partners. Successful model operating for over 17 years, in 3 different countries. Significant professional fr...

Asking Price: Offers Invited
Turnover: £2,700,000


View more businesses for sale

News Search

Latest News

 
10
 
Jul
 

Mobile phone supplier and recycler goes into administration | ADMINISTRATION

Mobile phone refurbishment company Redeem UK has gone into a...

 
09
 
Jul
 

John Lewis to close eight stores as COVID-19 accelerates shift to online | BUSINESS NEWS

Department store chain John Lewis has said that eight of its...

 
09
 
Jul
 

Chancellor cuts VAT on hospitality as part of £30 billion rescue plan | BUSINESS NEWS

Chancellor Rishi Sunak has announced a £30 billion pla...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
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...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources