Specialist business property adviser, Christie & Co, announces Kelham Hall & Country Park, an iconic Victorian estate located in Kelham, in the heart of Nottinghamshire is set to go to auction in October through Allsop’s.
Kelham Hall has been on the market with Christie & Co since June this year and the current owner has made the decision to partner with Allsop to auction the property in order to maximise sale proceeds.
The estate presents a fantastic development opportunity, with full planning and listed building consent for conversion to a 103-bedroom hotel, complete with a spa, food and beverage, and recreational facilities as well as a wedding and events venue, with all pre start planning conditions already discharged.
Designed by the famous Sir George Gilbert Scott as a precursor to his London St Pancras Train Station design, the elegant Grade I, ll & ll* listed Victorian estate dates back to 1863.
The property is ideally located outside the market town of Newark-on-Trent, just a few minutes away from the A1, and is well connected to the East Coast main line stations of Newark North Gate, Newark Castle and further afield to Grantham.
It is also within close proximity to the A46 and the M1, a vital road-link up through the country.
Set on circa 44 acres of formally designed landscaped gardens and parkland, on the banks of the river Trent, the property is regarded as one of the country’s largest prime wedding, conference and events venues, with capacity for multiple events in excess of 1,000 people.
It also benefits from fishing rights allowing guests to make use of the riverside location.
The current owner has invested heavily in the estate in order to secure full planning and listed building consent from English Heritage as well as discharging all the prestart planning conditions associated with the hotel and spa development scheme.
This prime development offers an incoming investor the opportunity for an immediate start to develop this unique grand hotel and spa in the Midlands. The redevelopment requires almost no major structural change, with works utilising the current room layout from its original design as a stately home.
Ryan Lynn, Director of Corporate Hotels at Christie & Co, is handling the sale and comments, “We have had a very strong level of interest in the opportunity to date, which hasn’t surprised us due to how fantastic the building and the potential is.
However, we also wanted to see what effect an auction process would have on the final price for our client, and are therefore working with the very well-known Allsop auction house to drive interest and achieve the very best possible price with set and focused deadlines.”
Kelham Hall & Country Park is scheduled for sale by auction online on Thursday 29th October, with a guide price of £6,500,000. Interested parties can register to bid here.