A boutique hotel in Northumberland with bags of potential has gone on the market with an asking price of £375k.
The Coach House, a boutique hotel which forms part of the Otterburn Hall Estate on the edge of Northumberland National Park, was transformed into a 14 bedroom hotel with bar and restaurant by its current owner Julie Blackie.
The former pub with rooms, is situated on the Estate, which comprises the Grade-II listed Otterburn Hall Hotel, a lodge park, caravan site, woodland, lake and several cottages stretching across 45 acres.
Otterburn Hall Hotel ceased trading a few years ago and the Estate was broken up and sold to several buyers as a result. Blackie snapped up at Coach House and transformed the business, opening the doors in the autumn of last year and building up a strong trade since.
Mark Worley, director at Christie & Co who is handling the sale comments: “This is a great opportunity for a buyer to obtain a beautifully refurbished hotel and easily manageable business with massive potential for the coming years.”
Current owner Julie Blackie adds, “Although we only commenced trading in the autumn of last year we have derived much trade from three local wedding venues as well as from the tourism and leisure industry in general. Otterburn Hall has recently received a huge Lottery grant to upgrade, refurbish and reopen as a five-star hotel and the work currently underway on the lodge park, caravan site and residential houses will further boost trade in months and years to come.”
The Coach House is available through Christie & Co at an asking price of £375,000 on a 999 year lease and a rent of £2,000 per year with no service charges.
There is also a refurbished two bedroom cottage next door which is additionally available at £185,000.