Christie + Co has been appointed to handle the sale of the spectacular 14th Century Lumley Castle Hotel in Durham.
The Grade I Listed castle, which has been the seat of the Earl of Scarbrough for over 700 years, occupies a commanding hillside position within six acres of beautiful parkland. The estate is close to the A1 motorway and overlooks Durham County Cricket ground and Chester-le-Street Golf Course.
The 4-Star hotel offers 74 intricately designed bedrooms and suites that exude regal splendour, grand conference and banqueting facilities as well as its own dungeon.
The premier property has been in the same ownership for the past 43 years and over this time the business has enjoyed continued success and hosted some of the most exquisite weddings in the region.
One of the region’s foremost hotels
The sale is being handled by Christie + Co Directors Simon Stevens from the London office and Mark Worley, based in Newcastle. Simon comments: “This is a genuine retirement sale following 43 years of continuous ownership by passionate clients who have developed the castle from a medieval banqueting venue to one of the region’s foremost hotels with a profitable trading reputation to support the business.”
Mark adds: “As a local, I am fully aware of the regional affection towards this unique and historic building. Add to this the outstanding opportunities to further develop the already impressive profits, Lumley Castle represents an excellent trophy asset and business proposition.”
Christie + Co is seeking offers in excess of £6m for the long leasehold interest in Lumley Castle.
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