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 Christie & Co.
The Coach House has an asking price of £375k on a 999-year lease and a rent of £2k per year, with no service charges. There is also a refurbished two bedroom cottage next door, which is available at £185k.
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.
Mark Worley, Director at Christie & Co who is handling the sale, commented, “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 added, “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.”