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• A withdrawn £3 million investor commitment and wider funding shortfalls forced the decision to sell the landmark.