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Derwent Manor Hotel is on the market

A LUXURY hotel on the outskirts of County Durham has been put on the market with a guide price of £1.9m.

The Derwent Manor Hotel in Allensford

A LUXURY hotel on the outskirts of County Durham has been put on the market with a guide price of £1.9m.

The Derwent Manor Hotel in Allensford, near Consett, posted turnover of £1.6m in its most recent accounts.

The Newcastle Office of business agency Christie + Co has been instructed to handle the sale of the hotel which is set in about 20 acres of countryside and overlooks the Derwent Valley.

The hotel has 48 en-suite bedrooms, including five suites. There are also eight self-contained cottages and a number of function rooms.

There is a purpose-built leisure facility, which includes a swimming pool, sauna and gymnasium.

David Lee, who is handling the sale at Christie + Co, said: “This is a rare opportunity to purchase a hotel of this size in the heart of the countryside on the Northumberland/County Durham border.

“Accounts to year-ending April 2012 show a turnover of £1.62m and detailed trading information is available to prospective buyers after viewing the hotel.”

The hotel was bought out from the collapse of London & Edinburgh Swallow Group in 2006.

Its future was made safe after it was bought along with 240 other pubs and hotels in the chain by the Flodrive Group.

 

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