Property adviser Christie & Co has announced that The Rutland Arms Hotel, a historic Grade II-listed property in Newmarket, Suffolk, UK, is listed for sale.
The sale is being facilitated by business property adviser Christie & Co and local commercial agent Cheffins.
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The Rutland Arms Hotel, which first opened its doors as a hotel in the 19th century, ceased trading in 2019.
This four-storey red brick building dates back to the 17th century and was once connected to an annexe over Palace Street, which was demolished in 2020.
The current property features an approved plan for a partial renovation and a partial new build 72-bedroom hotel.
The proposed development encompasses four meeting rooms, new public areas, a bar, lounges, restaurants, and back-of-house facilities.
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By GlobalDataAn adjacent new build would accommodate 44 of the 72 guest bedrooms.
Christie & Co Hotels director Simon Jackaman is overseeing the sale jointly with Cheffins.
Jackaman said: “Considerable care has taken place within the scheme to protect and preserve all the original features within the property, as well as the integrity of the building’s listed status. The consented scheme will see it transformed into a 72-bedroom boutique hotel, retaining features such as decorative ceilings, fireplaces, and stained glass in the current designs.
“The Rutland Arms Hotel offers a unique opportunity to acquire a landmark freehold property in the centre of a well-known town and establish a high-quality operation, or explore possible alternative uses, subject to the appropriate necessary planning approvals being granted.”
Last month, Christie & Co unveiled the sale of The Beaufort Arms Hotel in Monmouthshire, Wales, which has a freehold asking price of £1.5m ($2m).
