UK: The Crown Estate has put the Harte & Garter Hotel and Spa in Windsor up for sale for offers in excess of £13,250,000, seeking buyers looking for a prime hospitality development and restaurant investment opportunity in the heart of the historic market town.
The hotel, which is a historic red-brick inn, features many original features across 79 en-suite bedrooms, a spa and meeting rooms, including a ballroom that can accommodate up to 260 guests.
Set over approximately 57,000 square feet, the Grade II-listed property has a rich history. It overlooks Windsor Castle, which attracts close to 1.5 million visitors each year, and is located close to Windsor Great Park, which welcomes around six million visitors on an annual basis.
Chris Field, associate at Knight Frank, said: “Knight Frank are delighted to offer this incredibly unique hotel and restaurant investment opportunity in the heart of Windsor for sale. It is rare for a property of this character and heritage in such an unrivalled location opposite Windsor Castle, and that has substantial development potential, to come to the open market.
“We are therefore confident that this truly iconic property will receive considerable interest and appeal to a global investor audience,” he added.
The property also includes two restaurant units let to The Ivy and Wagamama situated on the Ground and Lower Ground floors respectively, which provide a rental income for an incoming purchaser.
The Crown Estate’s portfolio includes some of central London’s most desirable places to work, shop, live and experience, as well as regional retail and leisure destinations across the country, a number of mixed-use and strategic land opportunities, a substantial rural portfolio, and the Windsor Estate, including Windsor Great Park.
Established by an Act of Parliament, The Crown Estate works to create social, environmental and financial value, both now and for the future, for its customers, partners and the nation.
The Crown Estate also returns 100 per cent of its net revenue profit to the Treasury for the benefit of the nation, contributing £3 billion to the public purse over the last ten years.