Latest Lake District hotel brought to market by Christie & Co
Specialist business property adviser Christie & Co is seeking offers in the region of £1.5m for a traditional Lakeland hotel, situated in Grasmere, the latest in a series of Lake District hotels to come to market.
Situated on the banks of the River Rothay, Oak Bank Hotel occupies a detached, three-storey property and comprises 13 en suite letting bedrooms, set across the ground, first and second floors, in the village, which is one of the most sought after within the Lake District.
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 up to 30 covers altogether. The conservatory leads to private gardens situated along the riverbank.
The main building offers staff accommodation, comprising two en suite bedrooms, as well as three bedroom owner’s accommodation situated in a detached, two storey-house to the rear of the hotel.
Known as the home of poet William Wordsworth and famous for its unique gingerbread shop, the village of Grasmere draws in high numbers of tourists from across the UK and overseas.
Ideally located, Oak Bank Hotel provides the perfect base for those looking to explore the surrounding lakes and picturesque fells.
Oak Bank Hotel has been operated by the current owners, Glynis and Simon Wood, for the past 12 years and they are now seeking a sale in order to retire.
Simon Wood said: “We’ve enjoyed our time at Oak Bank, taking it from a two star hotel with no awards to a three silver starred hotel with 2 AA Rosettes, a Michelin Plate and an entry in The Good Hotel Guide, with multiple improvements along the way.”
Alistair Greenhalgh, director at Christie & Co, is handling the sale and said: “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.”
Christie & Co is seeking an asking price of £1.5m for the freehold interest of the Oak Bank Hotel.