Property advisor Christie + Co has sold the former Lydford House Hotel in Devon to a young family eager to fulfil their dream of running a successful hospitality business.
Built around 1850, the property once traded as a four-star hotel and restaurant but closed in 2013. It provides 11 en-suite bedrooms and three apartments on one and a half acres of land.
Jonathan Gilpin and his partner Jodie Austin, who have relocated from Aylesbury with their newborn son to Devon recently, were attracted by the property’s charm and picturesque location.
After a two -month marketing campaign and a competitive bidding war, the couple finally became the official owners in November and will now turn the property into a thriving hotel business, due to reopen next year after renovation work is carried out.
Jonathan and Jodie commented: “We fell in love with Lydford House. The building has a unique history and charm and is in a fantastic location. We plan to reopen offering a gateway to Dartmoor for activity holidays including walking, cycling and riding. Lydford House also sits adjacent to the coast-to-coast route from Ilfracombe to Plymouth providing a good stop off base for visitors using this trail.”
The property will initially offer guests bed and breakfast accommodation, but once up and running, Jonathan and Jodie will look to employ a chef and open up a restaurant to reclassify the building back to hotel status.
Christie + Co agent Sophia Sangchi said: “The quick and successful sale of Lydford House demonstrates continued improvements in the hospitality market. It is great to see that, priced competitively, we are able to bring strong buyers to the table and achieve offers above asking price.”