A Grasmere hotel is on the market for £1.5 million.

Oak Bank Hotel, on the banks of the River Rothay, is a three-storey property owned by Glynis and Simon Wood.

The couple have put the hotel up for sale after 12 years as they plan to retire.

Specialist business property adviser, Christie & Co, is managing the sale.

It has 13 en suite bedrooms, a reception lounge, lounge bar and 30-cover The Dining Room, a 2 AA Rosette and Michelin Plate awarded restaurant with a separate conservatory, which can accommodate for up to 30 covers altogether.

The conservatory leads to private gardens along the riverbank.

The main building offers staff accommodation, comprising two en suite bedrooms, as well as three-bedroom owner’s accommodation situated in a detached, two-storey house to the rear of the hotel.

Simon said: “We’ve enjoyed our time at Oak Bank, taking it from a two-star hotel with no awards to a three silver starred hotel with two AA Rosettes, a Michelin Plate and an entry in The Good Hotel Guide, with multiple improvements along the way.”

Alistair Greenhalgh, director at Christie & Co, is handling the sale.

He said: “Grasmere is one of the Lake District’s most popular tourist destinations and as such, the hotel benefits from an excellent reputation and high levels of repeat trade, but also presents significant potential for a new owner to extend the current trading period and take advantage of the area’s year-round custom.”