Lake District guest houses sold for nearly £1.2m

Two prominent guest houses in the Lake District visitor hotspot of Keswick have been sold by real estate advisors Colliers International for a combined sum of almost £1.2m.

Acting on behalf of retiring couple John and Sue Armstrong, Colliers sold Appletrees guest house in The Heads, Keswick from an asking price of £699,500 to Jason and Catherine Fairfield who are relocating from Burnley.

Colliers also acted for Pat and Linda Dent, who are retiring to Spain, in the sale from an asking price of £495,000 of Rivendell guest house, Helvellyn Street to Lee and Deborah Southern, who are moving to Keswick from Sunderland.

Haydn Spedding, associate director, hotels agency at the Manchester office of Colliers International, secured both sales and said: “Following the BREXIT vote in June 2016, the market was very slow to re-engage but 2017 is proving to be exactly the opposite with a particularly busy and resurgent spring market and more than 12 sales of hotel and hospitality sites in the pipeline.”