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 business is situated in the North Cornish town, this offering is suitable for a variety of occupiers/uses.
FREEHOLD
A most appealing and successful country house hotel 12 ensuite bedrooms and well appointed public rooms. Comes with landscaped gardens and a swimming pool.
FREEHOLD
A small island hotel in a beautiful location on St Marys Town beach, overlooking the harbour and off islands beyond. Nine of the hotel's fourteen ensuite guest bedrooms take in superb uninterrupted sea views.
FREEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
26
|
Oct
|
29 RoyaleLife holiday parks and campsites for sale - an intriguing saga | ADMINISTRATION
The holiday park and caravan industry has long been a staple...
11
|
Aug
|
Bestway marketing portfolio of 22 stores for sale | COMMERCIAL PROPERTY
Bestway Retail has tasked Christie & Co with bringing 22 sto...
06
|
Aug
|
Llandudno seafront hotel brought to market for £1.25m | COMMERCIAL PROPERTY
The Cae Mor Hotel on Llandudno’s seafront has been bro...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.