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.
This is an exciting opportunity to acquire a multi-purpose leisure facility, including multi-story soft play, café and infra-red shooting facility based in the North East of England.
A much photographed, historic Exmoor National Park free house hotel in a picture postcard setting overlooking the village green and Winn Brook. The brook flows into the nearby River Exe. The inn is believed to date from the 12th century, when it was...
LEASEHOLD
Presenting an opportunity for an acquirer seeking a character stone built 17th century village inn with epic lounge bars and a restaurant oozing personality.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.