A hotel up for sale at an online auction last week did not manage to find a buyer.
The Pennine Hotel, a six-room guest house, bar and bistro in Market Square, Kirkby Stephen, was put up for auction with a guide price of £300,000 to £350,000.
Bidding last week opened on Tuesday and closed on Wednesday.
Representatives for property auctioneer Pugh said offers can sometimes be made once the auction is closed.
The hotel, in a prominent location, is popular with walkers on the Coast to Coast route and regularly receives glowing reviews on Facebook and other sites for the quality of its food and accommodation.
As well as six en-suite guest bedrooms and a large restaurant and bar area, the Pennine Hotel also includes a two-bedroom apartment at the rear of the building.
Edward Feather, an associate director at Pugh, said: “The hotel is in a terrific location, right in the centre of the picturesque market town of Kirkby Stephen, close to the Lake District and Yorkshire Dales national parks and just a stone’s throw from the M6 motorway.
“The town is a natural stop-off point for the 6,000 or so walkers who tackle the 200-mile Coast to Coast route every year and it is set to benefit from the £5.6m that the Government has committed to upgrade the route to a new National Trail by 2025.
“This is a great opportunity to buy a hotel that has a superb reputation and is a thriving business, or potentially to redevelop the property for new uses, subject to gaining the relevant planning consents.”
This month’s Pugh auction featured over 50 properties and was held on 19th July. For more information visit www.pugh-auctions.com
