Wed, 07 Apr 2021 | COMMERCIAL PROPERTY
Branston Hall Hotel, a popular Lincolnshire wedding venue, has been put up for sale for £4 million as a going concern.
The Grade-II Listed hotel, located in Branston near Lincoln, dates back to 1885 and is being marketed by specialist business property advisor Christie & Co.
The news comes just months after the hotel's parent company South Spring Limited fell into administration, appointing RSM Restructuring Advisory as administrators.
Commenting on the sale, Gavin Webb, senior business agent at Christie & Co, stated that the venue offers a significant opportunity for potential new owners looking to invest in and reopen the business following the easing of COVID-19 lockdown restrictions.
"The grounds offer a wealth of potential for development and expanding the offering to include log cabins, glamping pods or camping," he said.
"Prior to the tenure of the management company, the hotel traded successfully under the guidance of our client for well over 30 years."
Mr Webb added: "Given the facilities, size of the property and development potential, there is a significant opportunity to relaunch the business and we expect to see strong interest from a wide range of potential buyers."
Branston Hall Hotel was originally a family home and was used as an RAF hospital during WWII. Currently, it is being run as a 52-bedroom hotel and includes a lounge, restaurant, leisure facilities and conference rooms.
The 72-acre site also includes a lake, car park and a separate property, which is currently being leased to a spa operator.
Read about why this may be the perfect time to buy into the UK hotel sector.
One of the best ways to find properties below market price is to look at recent administrations.
This company is a luxurious hair and beauty town, located in an affluent Suffolk town. Currently providing both hair and beauty services, this business has achieved a glowing reputation within the town.
LEASEHOLD
This is a fantastic opportunity to acquire a the unique flagship gym offering quality fitness at affordable prices. The mixed gym site is set over two floors within the centre of Huyton.
The business has been trading since 1986 and built up an enviable reputation not just locally but within the industry in general, a true testament to the hard work & dedication from the current owner, resulting in the high calibre of business on offe...
LEASEHOLD
|
07
|
|
Oct
|
Staffordshire tyre firm acquired by Halfords at 16.1x profits | BUSINESS SALE
Staffordshire-based commercial tyre firm The Lodge Tyre Comp...
|
06
|
|
Oct
|
Administrators continue to explore sale of paper group subsidiaries | ADMINISTRATION
Administrators are continuing to explore a sale of the busin...
|
05
|
|
Oct
|
Vertu Motors plans further acquisitions after solid H1 performance | BUSINESS NEWS
Car retailer Vertu Motors has said that it is planning furth...
Sign up to receive our acquisition alert emails to get your FREE guide
|
11
|
|
Aug
|
Bestway marketing portfolio of 22 stores for sale | COMMERCIAL PROPERTY
Bestway Retail has tasked Christie & Co with bringing 22 sto...
|
06
|
|
Aug
|
Llandudno seafront hotel brought to market for £1.25m | COMMERCIAL PROPERTY
The Cae Mor Hotel on Llandudno’s seafront has been bro...
|
15
|
|
Jan
|
Buyer sought for portfolio of pubs | BUSINESS SALE
Five pubs that formerly operated under the Authentic Alehous...
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