A landmark wedding venue near Arnold has been sold to a growing Midlands hospitality group in a multi-million-pound deal.
The Lakeside, a Grade II* listed venue near Arnold, has been snapped up for £2.64m by a subsidiary of Ensarb Ltd, which operates a portfolio of wedding venues across the West Midlands.
The historic site, which had been on the market since March with a guide price of £2.5m, was sold by joint fixed charge receivers after standing vacant for some time.
Originally built in 1873, the striking Gothic revival building started life as a water pumping station designed by renowned Victorian engineer Thomas Hawksley. It has since been converted into a large-scale events venue, complete with an 80-cover restaurant, bar and lounge, function spaces and a main wedding suite capable of hosting more than 150 guests.
Set against landscaped gardens, parkland and an ornamental lake, the venue also includes the Thomas Hawksley Tower and on-site accommodation at West Lodge.
Property agents Watling Real Estate and Christie & Co handled the sale.
Toby O’Sullivan, from Watling, said the venue is a “well-known regional landmark” that had undergone extensive restoration but remained closed in recent months.
He added that the new owners, Ensarb, have a strong track record of running similar venues successfully.
Legal advisers TLT represented the sellers, while Knights acted for the buyer.
