A hotel on the Holy Island of Lindisfarne and which once hosted the lord of several local manors, has been sold by Christie + Co off an asking price of £795k.
The Manor House Hotel has been owned and operated by John and Carol Barlow for many years, and now they wish to retire.
The buyer of the 10-bed property is Terry Maugham, a regional hotel and leisure operator with three other businesses in Northumberland, who now plans to extend the food offering and opening hours of the hotel.
The Holy Island is situated off the Northumberland Coast, nine miles from Berwick upon Tweed and is home to a thriving village that is reached by a tidal causeway.
Mark Worley, director at Christie & Co’s Newcastle office commented: “We received a high level of interest and arranged many viewings which produced multiple offers on the property. These came from a variety of potential buyers, all of whom intended to retain the business in its present form as a hotel with bar and restaurant. The buyer is a well known multi site leisure operator who intends to invest in the building and the business.
“This sale continues to demonstrate the demand for small to medium, privately owned hotel assets. On this occasion, the idyllic and historic surroundings, good trade and profit levels and well a maintained and attractive building, all combined to increase the popularity of the business.”