Wed, 25 Sep 2019 | BUSINESS SALE
The Barnsdale Hall Hotel, situated on the banks of Rutland Water, is being marketed for sale by estate agency Knight Frank for £10 million.
Having previously hosted a number of English aristocrats, including the Duke of Windsor, during its time as a hunting lodge, the hotel presently boasts 55 acres of grounds and gardens with 66 guest bedrooms, 31 lodges, and 18 apartments.
The venue also stars four bars and restaurants, spa facilities, and 11 function suites in which to host weddings, corporate events, and private leisure activities.
Sporting facilities are also found across the business’s property, including a swimming pool, squash and tennis courts, and an air conditioned studio and gym.
Partner at Knight Frank, Matthew Smith, is presently handling the sale of the business. He said: “This is a fantastic opportunity to purchase an historical building with a fascinating past in the heart of Rutland, with stunning views over Rutland Water and rolling countryside.
"Over the years Barnsdale Hall Hotel has been transformed into a thriving resort business with income derived from the private leisure, wedding, events and corporate markets.
"The resort benefits from extensive leisure facilities both indoors and outdoors and combined with its unique shoreline location, the business attracts a huge number of outdoor enthusiasts who enjoy the grounds and everything the surrounding area has to offer.
"Under the current ownership, 49 timeshare lodges and apartments have been developed - 31 lodges and 18 apartments.
"All leases expire in August 2028 and vacant possession will revert to the incumbent freeholder giving them an additional 113 bedrooms from which to generate additional revenue and enable the new owner to reposition the business.
"The site also has planning permission to construct an additional 36-guest bedrooms and nine-staff bedrooms."
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