Bowness guesthouse sold

The hotels agency team at Colliers International has sold an eight-bedroom guest house in Bowness-on-Windermere for close to the £795,000 asking price.

The recently refurbished Oakfold House was sold to Maxwell and Marnie Ashworth from Carshalton, Surrey on behalf of owners Michael Kilpatrick and Michael Rapson who are retiring from the trade to live in the Peak District.

Colliers said the sale was indicative of the strengthening market in the sale of guest houses and small hotels throughout the Lake District as the economy grows and access to funding improves.

Haydn Spedding, associate director of hotels at the North West office of Colliers International, said: "The top-to-toe refurbishment of the property makes it one of the best examples of guest house accommodation in Bowness and its hinterland and one that has traded very strongly with outstanding profits.

"Oakfold is just one of a significant and rising number of such properties in the Lake District on our books that are attracting the attention of potential purchasers. People are being encouraged to bid by a market strengthening in line with the wider economy and an improved ability to secure funding from both traditional and non-traditional lenders."

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