Wed, 07 Apr 2021 | COMMERCIAL PROPERTY
Branston Hall Hotel, a popular Lincolnshire wedding venue, has been put up for sale for £4 million as a going concern.
The Grade-II Listed hotel, located in Branston near Lincoln, dates back to 1885 and is being marketed by specialist business property advisor Christie & Co.
The news comes just months after the hotel's parent company South Spring Limited fell into administration, appointing RSM Restructuring Advisory as administrators.
Commenting on the sale, Gavin Webb, senior business agent at Christie & Co, stated that the venue offers a significant opportunity for potential new owners looking to invest in and reopen the business following the easing of COVID-19 lockdown restrictions.
"The grounds offer a wealth of potential for development and expanding the offering to include log cabins, glamping pods or camping," he said.
"Prior to the tenure of the management company, the hotel traded successfully under the guidance of our client for well over 30 years."
Mr Webb added: "Given the facilities, size of the property and development potential, there is a significant opportunity to relaunch the business and we expect to see strong interest from a wide range of potential buyers."
Branston Hall Hotel was originally a family home and was used as an RAF hospital during WWII. Currently, it is being run as a 52-bedroom hotel and includes a lounge, restaurant, leisure facilities and conference rooms.
The 72-acre site also includes a lake, car park and a separate property, which is currently being leased to a spa operator.
Read about why this may be the perfect time to buy into the UK hotel sector.
One of the best ways to find properties below market price is to look at recent administrations.
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