Hotel in Northumberland National Park - yours for £375,000?
The Coach House, a boutique hotel which forms part of the Otterburn Hall Estate on the edge of Northumberland National Park, has been brought to the market by specialist business property adviser, Christie & Co.
The hotel, which was formerly a pub with letting rooms, has been transformed by the current owner into a 14 bedroom boutique hotel complete with a bar and restaurant. As well as The Coach House, the Otterburn Hall Estate comprises the Grade II listed Otterburn Hall Hotel, a lodge park, caravan site, woodland, lake and several cottages stretching across 45 acres.
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Mark Worley, Director at Christie & Co who is handling the sale comments, “Otterburn Hall Hotel ceased trading a few years ago and the estate was broken up and sold to several buyers. The current owner, Julie Blackie purchased The Coach House and has transformed the property and business which attracts many tourists and a strong wedding trade.
“This is a great opportunity for a buyer to obtain a beautifully refurbished hotel and easily manageable business with massive potential for the coming years.”
Current owner Julie Blackie adds, “Although we only commenced trading in the autumn of last year we have derived much trade from three local wedding venues as well as from the tourism and leisure industry in general. Otterburn Hall has recently received a huge Lottery grant to upgrade, refurbish and reopen as a 5 star hotel and the work currently underway on the lodge park, caravan site and residential houses will further boost trade in months and years to come.”
The Coach House is available through Christie & Co at an asking price of £375,000 on a 999 year lease and a rent of £2,000 per year with no service charges. There is also a refurbished two bedroom cottage next door which is additionally available at £185,000.
