A local businessman who recently acquired a closed wedding venue in Nottingham is to invest £5m in reopening the property as a prime hospitality destination.
Richard Berridge has snapped up the Grade-II listed former Victorian pumping station, Lakeside off a guide price of £1.25m and now intends to relaunch the site as a hospitality business, with a bar, restaurant and facilities.
Originally converted in the 1990s, the property has been closed since November 2017 but has been sold with planning for a 29-bedroom hotel development.
Berridge said: “Lakeside is a beautiful property that has unfortunately fallen into disrepair over the past couple of years. Our intention is to invest in excess of £5m to refurbish the property back to its former glory.
“Work is well underway already to turn Lakeside into a large wedding venue, along with a bar/restaurant with hospitality facilities.
One thing which we are very keen to do as part of the refurbishment is to open the tower for viewing, as having personally climbed the 75 steps to the top I can certainly say the views are amazing. If there are no significant delays the plan is to re-open towards the end of autumn 2020.”
Gavin Webb, senior business agent at Christie & Co, said: “We received a significant amount of interest in this site throughout the marketing process and I am delighted to have achieved a positive outcome for my client. This underlines the demand in the market for hospitality opportunities around Nottingham.”