Luxury waterfront hotel development opportunity on Lake Windermere available
Specialist business property adviser Christie & Co has been instructed to market a unique hotel development opportunity with planning permission in the Lake District.
Business. Built around You.
Situated on the western shore of Lake Windermere in the heart of the Lake District, Pearsall House was originally built in 1973 and formerly served as the offices and laboratory for the Fresh Water Biological Association.
Now vacant, the current owner saw the opportunity to transform the building into a destination lakeside hotel and create the first new luxury hotel on the shores of Lake Windermere in over a century.
Planning permission has been granted for the development of a luxury boutique hotel, with rooms offering beautiful lake views. The plans also include landscaping to fit the character of the property’s surroundings, and the replacement of a flat roof with a new pitched, slate roof, in keeping with the local architecture.
Initial work has commenced however the project is an exciting opportunity for a new owner to complete the work in their chosen style.
The property is on the market as the current owner, an experienced hotelier and property developer, is now looking to retire, and has chosen to sell at this stage to allow a new purchaser to complete the development to their own requirements.
The owner commented, “I have known the Windermere area since visiting as a child, and I have always been aware of the beautiful location of Pearsall House. In recent years, as a hotel and property developer, I came to view Pearsall House as a once-in-a-lifetime opportunity to create a bespoke, luxury hotel on the shores of Lake Windermere. Having worked tirelessly to gain planning permission for the project and started the first phase of the development, I am now wishing to retire, and I want to pass the opportunity on to a new owner who also shares the vision to complete the development and create a spectacular destination hotel in the most amazing location.”
Graham Wilkinson, Senior Business Agent at Christie & Co, added, “We are delighted to bring to the market this unique hotel development opportunity on the shores of Lake Windermere. With planning permission approved and the first phase of the development completed, it is a fantastic opportunity for a developer or operator to create something new. With significant investment being made in the hospitality sector across the Lake District and Cumbria, we anticipate that there will be interest from a range of potential purchasers looking to take advantage of the chance to create the first new waterfront hotel on Lake Windermere in over 100 years.”
The property is on the market with an asking price of offers in the region of £2,500,000. For more information, visit: https://www.christie.com/6445224/
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