UK: Business property adviser Christie & Co is marketing a luxury boutique hotel development opportunity with planning permission in the Lake District for offers in the region of £2.5 million.
Located on the western shore of Lake Windermere in 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 received planning permission to develop the site into a luxury boutique hotel. Plans include landscaping and the replacement of a flat roof with a new pitched, slate roof, aligning with the local architecture.
The owner is now looking to retire. They said: “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, said: “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.”
Highlights:
- Luxury boutique hotel development site on Lake Windermere brought to market with full planning permission, marketed by Christie & Co for offers around £2.5 million.
- Pearsall House, located on the western shore of Lake Windermere in the Lake District, is a vacant former research facility originally built in 1973.
- Approved plans allow conversion into a luxury boutique hotel, including landscaping and architectural upgrades to align with local Lake District architecture.
- The sale follows partial development works and the owner’s planned retirement.
