A hotel in a sought-after area of the Lake District has been placed on the market with an asking price of £1.5m.
The freehold interest of Oak Bank Hotel in Grasmere is now available through Christie + Co as its current owners of 12 years look to retire.
During their ownership they have taken the 13-bedroom hotel to a three-star silver rated property with a 2 AA Rosette restaurant, a Michelin Plate and an entry into The Good Hotel Guide, with ‘multiple improvements’ along the way.
Situated on the banks of the River Rothay, Oak Bank Hotel occupies a detached, three storey property and comprises 13 bedrooms, set across the ground, first and second floors.
On the ground floor, there is a reception lounge, lounge bar and The Dining Room, a 2 AA Rosette and Michelin Plate awarded restaurant with a separate conservatory, which can accommodate for up to 30 covers altogether.
The main building offers staff accommodation, comprising two bedrooms, as well as three bedroom owner’s accommodation situated in a detached, two storey house to the rear of the hotel.
Alistair Greenhalgh, director at Christie & Co is handling the sale and comments: “With a stunning detached house to the rear of the property that is ideal for a family, Oak Bank Hotel is perfectly suited for an owner operator to begin trading immediately.
“Grasmere is one of the Lake District’s most popular tourist destinations and as such, the hotel benefits from an excellent reputation and high levels of repeat trade, but also presents significant potential for a new owner to extend the current trading period and take advantage of the area’s year round custom.”