Property

Serena Von Der Heyde acquires Oak Bank Hotel for £1.5m

Experienced hotelier, Serena Von Der Heyde, has acquired the Oak Bank Hotel in Grasmere off a freehold price of £1.5m.

Situated on the banks of the River Rothay, the Oak Bank Hotel occupies a detached three storey property and comprises 13 en-suite letting bedrooms, set across the ground, first and second floors.

Known as the home of poet William Wordsworth and famous for its unique gingerbread shop, the village of Grasmere is said to draw in high numbers of tourists from across the UK and overseas.

Glynis and Simon Wood have owned and operated the business for the past 12 years, during which time they transformed the Oak Bank from a two- star hotel into a three-silver starred hotel, with two-AA Rosettes, a Michelin Plate, and an entry in The Good Hotel Guide. They sought a sale in order to retire.

Von der Heyde said she is planning “substantial investment” in the property and employee development. She plans to rebrand and relaunch the hotel in spring 2020.

Von der Heyde said: “I am very excited to be taking on a business in Grasmere, an incredible guest destination that provides many opportunities for adventurers, food fanatics and those who just want to relax and recharge in stunning surroundings. I am looking forward to releasing further details as we go into the new year.”

Alistair Greenhalgh, director at Christie and Co, who handled the sale, added: “Hotels such as the Oak Bank are in high demand, particularly in a sought after and idyllic location such as Grasmere.

“We’re delighted to have found Glynis and Simon a buyer for their business and wish them a happy retirement. Unsurprisingly, this opportunity generated interest from a number of parties and demonstrates how strong the market remains in the Lake District.”

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