Prominently located Elme Hall Hotel in Wisbech, Cambridgeshire, has been put up for sale with a £1.9 million guide price.
The 42-bedroom, Georgian-inspired hotel has been brought to the market by global real estate advisors Colliers.
Set in three acres at the junction of the A1101 and the A47 linking Kings Lynn to Peterborough, the hotel is expected to attract attention from a range of potential purchasers according to Paul Barrasford, director in the Hotels Agency team at Colliers.
“We are expecting interest from buyers looking to operate the hotel business, including functions and weddings, or others considering redeveloping the property for alternative uses, such as for a care, residential or senior living scheme,” he said.
“Elme Hall Hotel is offered for sale due to retirement. Pre-COVID, the primary revenue streams included good levels of midweek corporate business complemented by occasional weekend leisure clientele.
“Looking ahead to when normal trading conditions return, there is significant scope to grow these particular elements of the business. The hotel remains open and is taking bookings, although until lockdown restrictions are lifted these will be for guests such as key workers and essential business travellers only.
“In addition, the setting of this property in three acres of land at a strategic junction on the outskirts of the historic market town of Wisbech, known as the ‘capital of the Fens’, means that it also offers opportunities for other uses.”
Elme Hall Hotel was constructed in the mid to late 1980s, and in 2003 a galleried ballroom was added which is the largest of three events rooms – which can all be utilized as additional dining areas.
Other features include a bar; a restaurant with seating for 34 diners; four ensuite staff bedrooms and a two bedroom owner’s/manager’s apartment, including large attic-style room.
There is also a detached two-storey annexe with 34 contemporary bedrooms, which was developed in 2012.