The sale of Leighton Townhouse has further confirmed the strength of the market in Bath, after being sold just a few days after appealing for a new owner.
The 10-bedroom boutique has been owned by Michael and Sarah Jones of Bath Boutique Ltd for the last two years, who have invested extensively in refurbishing and relaunching the property.
After deciding to exit the business having successfully established it in the area, they put the hotel up for sale with Christie + Co who carried out an open market advertising campaign, which resulted in multiple offering being received within days of launching.
Leighton Townhouse has now been sold to Mrs Kinyi Law of Double Fortune Enterprises Limited, who plans to further invest in the property.
Law, who is based in Hong Kong, purchased the Highway House Bed & Breakfast in Bath last year, which is located down the road from the Leighton Townhouse.
Previous owner, Michael Jones comments: “We have really enjoyed owning, upgrading and relaunching Leighton Townhouse and are delighted be able to pass it on in robust health to the new owners as we move on to our next venture.”
Matthew Smith, director at Christie & Co’s Bristol office comments; “We are thrilled to announce the sale of Leighton Townhouse. Christie & Co has had a longstanding relationship with this business, having previously sold it to Michael and Sarah Jones.
“The buyer pool for Bath continues to expand not only from within the UK, but also from interest overseas with strong demand from Asian investors keen to take advantage of our weak pound and low interest rates, with a desire to acquire proven robust profitable assets, alongside a clear understanding of how to further enhance the trading performance of the business.”
Leighton Townhouse was sold off a guide price of £1.95k.