An ‘attractive’ hotel in the ‘picturesque’ Lake District has docked one million pounds from its asking price.

After more than 50 years in the hospitality industry, the owners of Scafell Hotel, near Keswick, are selling the business.

The price has reduced from £2.75m in September 2023 to £1.5m a year later.

The hotel, which closed permanently over six months ago, is located in the small village of Rosthwaite and offers 23 en-suite rooms to let.

(Image: Colliers)

The hotel website says: “We are saddened to announce that as of 6th January 2024, the Scafell Hotel & Riverside Bar will close for the foreseeable future.”

Nestled amongst a number of Lakeland fells including Great Gable, Dale Head and Scafell Pike, on the shores of Derwent Water, ‘The Queen of the Lakes’.

The detached hotel building has been extended and reconfigured on a number of occasions and is set in 4.82 acres of its own grounds.

Originally Lakeland stone building was constructed during the early 18th century as a residential dwelling, it was later used as a coaching inn then purchased by the current owners in 1971.

Inside, the residents’ lounge centres around a large open fire with sofas and soft chairs, a formal cocktail bar also boasts an open fire and seating, for around 30 guests.

(Image: Colliers)

The Sun Lounge is a relaxed space with wicker furniture, while the large, open-plan restaurant is able to seat up to 60 guests.

The Riverside Bar, which was extended in the 1990s provides a range of real ales and food, with seating for approximately 50 people.

A ‘good size’ catering kitchen is fully equipped and provides separate pot wash area, various cold and dry stores, walk-in fridges and freezers, with commercial grade catering equipment.

On the first floor, a self-contained owner’s apartment includes a lounge, dining room and office space, kitchenette and double sized bedroom with en-suite bathroom. There is also staff accommodation comprising of three bedrooms, and a communal bathroom.

There are a total of 23 ensuite letting bedrooms, including three singles, seven twin rooms, nine doubles, three family rooms and the Barnes Wallis Suite.

The hotel offers a large lawned area with picnic tables as well as a car park, and a large paddock with scope for the establishment of four “glamping” pods.

(Image: Colliers)

The hotel also owns a section of riverbank with fishing rights.

This ‘highly successful’ Inn attracts a high level of repeat custom and passing trade, with a Forecast Net Turnover of £980,545 a year.

Scafell is marketed by Colliers, who described the sale as an ‘ideal’ opportunity.