A 25-bed listed country house and former hotel has been sold after going under the hammer.
Otterburn Hotel, built in 1870 – the year The Northern Echo was first published, was sold at auction by Auction Estates, Nottingham on Thursday (February 22) for £265,000 after being listed with a guide price of just £150,000.
The 25-bedroom estate, which was formerly a hotel until closing unexpectedly in 2012 was described as an 'ideal opportunity' for a developer or investor.
It has a long past of developers and many people hope to see the beautiful estate returned to life.
In 2002, the hotel was sold to the Angel Group, then it closed without warning in 2012 and was later sold at auction for £300,000 in 2015. Work on the hall was started but stopped suddenly in 2017.
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In 2019, the hall was placed under auction for a guide price of £550,000 but was withdrawn before the auction.
Then in 2022, it was again put up for auction at a guide price of £235,000 but received no bids. The parish council at the time had reported that the buyer was currently abroad, and the windows would be boarded up.
The 25,000 sq. foot building is in 'need of a full refurbishment' as it has not been used for many years.
The buyer has not been named but we have contacted them for a preview of the plans for the estate.
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