Hotel and Spa For Sale in Barnard Castle, County Durham

This property is marketed by:
Colliers

1. Key Features

• Well known & established 26-bedroom hotel and spa with multiple demand drivers.
• Bar & restaurant, function suite and atmospheric lounges.
• Standalone spa and leisure facility, popular and developed to a high standard
• Recently converted 7-bedroom holiday cottage proving to be in high demand
• Offers In Excess of £1.75m Freehold

Description

The Morritt Hotel and Garage Spa benefits from a highly accessible location in a quiet hamlet set back of the busy A66 trunk road linking east and west from Yorkshire to the Lake District.

Well known and well established, The Morritt trades predominantly on the tourist and leisure sector to its bedrooms, and to its popular restaurant and bar (with extensive non-resident trade), as well as corporate trade during the week. In addition, the property benefits from an extremely popular spa setting, catering for visitors and locals alike and provides another strong income stream. The hotel offers an outstanding opportunity to acquire a substantial hotel business with further growth opportunities, ideally situated in County Durham.

The Property is located in the hamlet of Greta Bridge, which is found just off the A66, 5 miles to the southwest of Barnard Castle. Barnard Castle is a beautiful and affluent market town in Teesdale, County Durham named after the medieval castle around which it was built. It is the main settlement in the Teesdale area, and is a popular tourist destination, with attractions including the Bowes Museum. The town lies centrally between the North Pennines AONB, the North York Moors and the Yorkshire Dales National Park, making it a great base for tourists.

Being located just off the A66 is a major advantage for the hotel to pick up on trade travelling between Cumbria and the Lake District (also passing over the M6 which connects to western Scotland via the M74 and North West England) and County Durham and Yorkshire across to Middlesbrough, passing via the A1 connecting London to Edinburgh, the junction for which is only around 10 minutes’ drive from the hotel. The location is therefore a significant trade driver for the hotel as well as having an excellent local reputation.

The Property is accessed from the A66 via a small road, which includes a pretty drive over the bridge over the River Greta, which ultimately ends at the hotel’s car park.