A husband and wife have made their dreams of owning Porlock Vale House in Somerset a reality, by snapping up the property for a cool £1.95m.
Thirty years ago, wealth management specialist Mark Pendarves told his wife Liz, he would one day buy the picturesque 16-bed venue and now he has seen his promise through with his new purchase.
The 16-bed venue, complete with two, two-bedroom apartments and a three-bedroom cottage, is currently being run as a successful self-catering complex, having been under its current ownership since 1996.
It started as a hotel and equestrian centre for the first 12 years and then was transformed for the self-catering market.
The property has huge potential to be run as a hotel, wedding venue or high-end B&B.
Built in 1904 and believed to have been used as a hunting lodge by holiday pioneer Thomas Cook, the main house, alongside the 16 bedrooms, is home to a lounge, dining and games room, a wood-panelled bar and wine store.
The equestrian offering is also a big drawer. As well as the stables which form one side of a cobbled courtyard, two additional stable yards and a large indoor school with viewing gallery, there is also a workshop with a tack and feed room, hay barn and log storage.
Peter Blunt, hotels director at Colliers International, said: “Our clients bought the business in 1996 and continued running the hotel and equestrian centre for another 12 years. They then chose to downsize to focus on self-catering, and while the net turnover was more modest compared to the previous performance it still proved a very attractive income and lifestyle.”