‘Four in a Bed’ winning hotel in South Lincolnshire up for sale
Property News | ‘Four in a Bed’ winning hotel in South Lincolnshire up for sale
Winner of Channel Four series ‘Four in a Bed’, the Cley Hall Hotel in Spalding, South Lincolnshire, has been placed on the market by current owners David Stanbridge and Andrew Robb.
Acting on behalf of the current owners, real estate advisor Colliers International is marketing the Grade II listed property at an asking price £695,000.
Occupying a prominent position on the High Street in the Lincolnshire market town of Spalding, Cley Hall Hotel overlooks the banks of the River Welland and provides 15 letting bedrooms, sleeping approximately 27 guests. Four of the double rooms are located within the main house, with the remaining 11 situated in the adjacent Coach House building. All the bedrooms have en suite facilities and the Hotel benefits from parking for 18 cars.
The communal areas of the Hotel consist of an impressive entrance hall, main restaurant providing 20 covers, a secondary restaurant with a further 20-25 covers, two bars, private meeting/conference room catering for 12, and WC. The property boasts original Georgian features throughout, including: stained glass windows, ‘Terrazzo’ flooring, ornate wooden staircase and period fireplaces. On the second floor, the owners’ accommodation comprises an entrance hall, double-height lounge, dining room, kitchen, two double bedrooms and bathroom. The Property also benefits from a walled garden which is regularly used as a venue for weddings and private functions.
The property has the added benefit of planning permission to create a dedicated 100 cover restaurant. The owners’ apartment also provides further development opportunity and could be redeveloped to create additional rooms in the loft, either as additional private accommodation or to allow the existing owners’ apartment to be converted into additional letting bedrooms.
Jonathan Wren, Director, Hotels, Colliers International, said: “The current owners acquired Cley Hall Hotel in 2011 and during their two year ownership have spent considerable time and money updating the hotel and enhancing the reputation of the business.
“Despite David and Andrew running the hotel as a ‘lifestyle’ business, where they spend at least 12 weeks a year overseas, the hotel boasts an impressive turnover of in excess of £328k per annum. The potential afforded by the planning consent, the opportunity to convert the loft space of the owners’ accommodation, alongside the prospect of building on the hotel’s existing profile as an events venue presents as an exciting opportunity for an experienced or budding hotelier to acquire this successful lifestyle business with tremendous potential for future growth.”