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Home Latest

Former St Bees School boarding homes for sale after developer goes into administration

by Cumbria Crack
23/05/2024
in Latest, News
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A row of houses in the West Cumbrian village of St Bees are on the market after its developer went into administration.

The Grade II-listed Lonsdale Terrace is for sale for an undisclosed sum.

Former boarding houses of St Bees Grammar School, the developer was converting and revamping numbers one to 11 to create a terrace of 10 houses plus two apartments, but the work was only partly completed before administrators were appointed in March.

Now, Hilco Valuation Services Europe and Hilco Real Estate Advisory UK & Europe have been instructed by the joint administrators as the sole marketing agent to advertise the terrace for sale on an ‘as is’ basis.

Original planning and listed building consent was granted in 2016 which has been amended and updated by the former developer.

Scott Marriott, of Hilco Global Real Estate Advisory, said: “This provides an excellent opportunity for an established developer or contractor to acquire this property with the benefit of planning and listed building consent.

Lonsdale Terrace, St Bees

“The completed houses would appeal as family homes or holiday lets.”

The terrace was previously on the market for £1 million in 2019.

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