Peak Venues has further developed its portfolio within the Peak District National Park after acquiring Grade II listed Holly Bush Farm near Matlock in a private sale.
The property, purchased for £600,000, will undergo a £1.6m two-phase refurbishment to become self-catering holiday accommodation.
Comprising a farm house, holiday cottage and four holiday lets, the development – set in an acre of land – is expected to sleep 35 people and will also be available for corporate events.
hlw Keeble Hawson was commissioned for the scheme just months after the firm represented the developer in the purchase of a £1 million estate near Buxton, which will further boost the company’s range of large executive holiday homes.
Peak Venues founder Justin Heslop said: “Our rapid growth over the last decade is attributable to our commitment to give visitors the opportunity to enjoy the Peak District from the comfort of high end conversions. Property purchase within national parks can be a complicated process – which is why we once again called on the expertise of hlw Keeble Hawson’s commercial property solicitor, Clare Darwood”.
Richard Smith, partner and head of hlw Keeble Hawson’s commercial property team, added: “Peak Venues is a vibrant, niche business which is enjoying well deserved success and we value the opportunity to help further accelerate its expansion in the Peak District”.
Yorkshire Bank in Sheffield is providing £400,000 funding for Phase 1 and £600,000 funding for Phase 2.
The refurbishment is expected to take approximately 12 months to complete.