Got a spare £6million? Then you could be the new king or queen of Lumley Castle
Fancy the keys to the castle? It’s all yours for a cool £6m.
Specialist property adviser Christie + Co has been appointed to handle the sale of the 14th century Lumley Castle Hotel in Chester-le-Street.
The Grade I Listed castle, which has been the seat of the Earl of Scarbrough for over 700 years, occupies a hillside position within six acres of parkland.
The 4-Star hotel has 74 bedrooms and suites, conference and banqueting facilities, as well as its own dungeon.
It’s been in the same ownership for the past 43 years, and is famed for being a wedding venue. But the castle, which overlooks Durham County Cricket ground, is about to embark on a new chapter.
The sale is being handled by Christie + Co directors, Simon Stevens from the London office and Mark Worley, based in Newcastle.
Simon said: “This is a genuine retirement sale following 43 years of continuous ownership by passionate clients who have developed the castle from a medieval banqueting venue to one of the region’s foremost hotels with a profitable trading reputation to support the business.”
Mark added: “As a local, I am fully aware of the regional affection towards this unique and historic building. Add to this the outstanding opportunities to further develop the already impressive profits, Lumley Castle represents an excellent trophy asset and business proposition.”
Built in 1388, Lumley Castle takes its name from the man who was behind its creation, Sir Ralph Lumley, a well-known figure at the time and a popular soldier, renowned for his bravery in battles.
Christie + Co is seeking offers in excess of £6m for the long leasehold interest in Lumley Castle.