Historic hotel in Buckden on the market for £1.1million
- Credit: Archant
A hotel and pub which can trace its origins back more than 500 years has been put up for sale.
The historic Lion Hotel, in High Street, Buckden, is on the market for £1.1million.
The property, which surveyors Matthew Phillips say began life as a coaching inn in the 15th century, comes with 14 en-suite bedrooms, parking and a large restaurant.
Trade is on an “upward trend” and the hotel turned over £670,000 during the last financial year, according to agents.
Matt Phillips, of Matthew Phillips Surveyors said: “The pub is a high quality business which will be attractive to pub companies, small and regional brewers, multiples and individual freetraders and investors.”
The Lion is one of seven hotels and pubs belonging to the Charnwood Pub Company which is being put up for sale.
Marc Craddock, managing director of Charnwood, said: “In view of the improving market conditions and upward trading trend, the time is right to conclude an orderly sale to allow other operators to take the businesses to the next level.”
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For more information, visit www.matthewphillipssurveyors.co.uk