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Grade II-Listed Royal Hotel in Kettering Goes on Auction Block for £1

The 43-room landmark requires at least £1 million to complete stalled renovations before its July 31 sale

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Overview

  • Developer Na’im Payman acquired the hotel in December 2020 for £2.2 million and has spent about £1 million on initial upgrades.
  • The auction opens on July 31 with a guide price of £1 and no reserve, though buyers must invest at least £1 million to finish the project.
  • Plans for the site include a wedding venue, boutique cinema, mini-spa, bridal salon, co-working spaces, café and restaurant.
  • The 43-bedroom Victorian property dates to 1878, is Grade II listed, and has hosted Queen Victoria and Charles Dickens.
  • A withdrawn £3 million investor commitment and wider funding shortfalls forced the decision to sell the landmark.