2/24/2021 | Hotels

Ideally positioned guesthouse in Retford comes to market through Christie & Co

Specialist business property advisor, Christie & Co has brought to market, The Lawns Guesthouse in the historic Nottinghamshire market town of Retford.

Ideally positioned on London Road, the well-presented guest accommodation is housed in a traditional three-story, brick rendered property. It has been distinctly split to accommodate 18-bedroom guest houses and eight holiday apartments, with a good-sized carpark to the rear. The building also includes two additional apartments, which are currently leased to private individuals on a long-term basis. One of these flats is utilised as manager’s accommodation. 

The property benefits from its Retford location, which is considered as one of the oldest market towns in England and an ideal base for exploring the Nottinghamshire region. Key nearby tourist attractions which draw visitors to the area include the historic cathedral city of Lincoln, Rufford Abbey, Welbeck Abbey and the Peak District which offers a number of outdoor activities. The current owner has made the decision to bring the property to market in order to relocate and be closer to his family. He comments, “It is with great sadness that we have come to this very difficult decision of selling this wonderful Georgian property. However, we have no doubt our loss will be someone else’s gain and we look forward to finding the right new owner to take the business forward.’’

Gavin Webb, Senior Agent in Christie & Co’s Licensed and Hotels team is handling the sale and comments, “This is a unique opportunity to acquire a large freehold property in a popular part of Retford. There is potential to further develop the existing business or alternatively look at change of use (STP), subject to planning and obtaining full vacant possession of the two leased apartments. Buyer confidence remains for good quality such as this

The Lawns Guesthouse is on the market with a guide price of £2,250,000.