Lake District youth hostel sold for undisclosed fee

The Westmorland Gazette: Lake District youth hostel sold for undisclosed fee Lake District youth hostel sold for undisclosed fee

A LAKE District youth hostel has been sold off to a private buyer for an undisclosed fee.

Elterwater Youth Hostel, which lies in the Great Langdale Valley, was put up for sale by the Youth Hostel Association. 

It was originally acquired by the YHA in 1939 but they took the decision to use the money generated from the sale of the hostel to invest in other sites in the Lake District.  

The property, which has been acquired by a private buyer, has 12 letting bedrooms, communal areas and kitchens and separate staff accommodation.

The buyers intend to run it as an independent hostel.

It had been offered for sale through Lakeland agent PFK Leisure and Commercial of Penrith by informal tender with a guide price of £590,000.  

Head of Leisure and Commercial services at PFK, Duncan Young said: "The property attracted considerable interest from across the country which was perhaps not surprising given its magnificent location."

A YHA spokesman said: "YHA is pleased that the property will continue to welcome people to the Lake District and we wish the new owners every success."

Comments (3)

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1:15pm Wed 4 Dec 13

Milkbutnosugarplease says...

Excellent news - it will still be a hostel and possibly a better one than under the YHA. The highest-rated hostel at Grasmere is an independent, so the YHA can be beaten by owners who understand what people want and how much they are able to pay. It will be interesting to see if the YHA spend some of this money on refurbishing the nearby Langdale hostel beside Loughrigg Fell and overlooking Elterwater. It's a lovely Victorian villa but a bit tired on the inside.
Excellent news - it will still be a hostel and possibly a better one than under the YHA. The highest-rated hostel at Grasmere is an independent, so the YHA can be beaten by owners who understand what people want and how much they are able to pay. It will be interesting to see if the YHA spend some of this money on refurbishing the nearby Langdale hostel beside Loughrigg Fell and overlooking Elterwater. It's a lovely Victorian villa but a bit tired on the inside. Milkbutnosugarplease

7:25pm Wed 4 Dec 13

snuggle-bunny says...

an absolute scandal- still it'll make a nice second home for someone no doubt
an absolute scandal- still it'll make a nice second home for someone no doubt snuggle-bunny

4:53pm Thu 26 Dec 13

churchy66 says...

Hurray - let us hope they make a better job of the YHA at running a hostel - who are stuck in the dark ages - a company which is run by old ****. Having worked along them side for a number of years, you are forever banging your head against a wall, as they really don't understand what todays backpackers/travelle
rs want!
Hurray - let us hope they make a better job of the YHA at running a hostel - who are stuck in the dark ages - a company which is run by old ****. Having worked along them side for a number of years, you are forever banging your head against a wall, as they really don't understand what todays backpackers/travelle rs want! churchy66

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