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Cambridgeshire hotel expected to attract hoteliers and developers following price reduction


A former Victorian residence in Cambridgeshire is expected to attract attention from hoteliers, and also care home and residential developers, following a price reduction to below £1 million.

Oliver’s Lodge Hotel, in the historic market town of St Ives, is being marketed for £995,000 by commercial property specialist Colliers, after previously being on sale for £1,150,000 last year.

Paul Barrasford, director in the Hotels Agency team, said: “The successful vaccination programme and easing of lockdown restrictions are supporting far more positive consumer and investor sentiment than we saw in 2020.

“With a broad range of leisure and corporate guests, plus its position in vibrant Cambridgeshire, there is a strong case to retain Oliver’s Lodge as a hotel. At the same time, we expect the property to attract attention from both care home and residential developers.”

Oliver’s Lodge, which occupies a site of approximately 0.38 acres on a predominantly residential street in St Ives, was built in the Victorian era as a private residence and is now a 20-bedroom hotel. 

The freehold property comprises 13 double bedrooms; four twin bedrooms; one family room and two single bedrooms. There is also a function suite; residents’ lounge; restaurant and bar; and parking for 20 vehicles.

The property is offered for sale because the owner wants to relocate to be closer to family.

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