A Lake District hotel has new owners after a £625,000 property deal.

Link House, which is near Bassenthwaite, has been sold to Peter Habberjam and Catherine Williams, who have moved to Cumbria from Callander, near Stirling, where they ran a smaller guest house.

Its previous owner, Rowan Atkins, owned the building for seven years and had carried out extensive refurbishments. He is now retiring.

The Victorian building is in the small village of Dubwath, and features eight letting bedrooms and two-bedroom owners’ accommodation.

It was sold through the Manchester office of global firm Colliers International.

Haydn Spedding, associate director, hotels agency at this office, secured the deal.

She said: “Peter and Catherine are experienced guest house owners bringing a wealth of experience from their previous business.

“The sale of Link House is further evidence of improving market conditions in the hospitality sector in the Lake District National Park since the beginning of the year with Colliers International having achieved sales of a number of prominent and well-known guest houses.”

This was the latest in a steady stream of deals in the Lake District National park which Colliers have been involved with in the last few months.

In June Appletrees guest house in The Heads, Keswick, was sold from an asking price of £699,500 to Jason and Catherine Fairfield who moved to Cumbria from Burnley Rivendell guest house, in Helvellyn Street, Keswick, was also sold to Lee and Deborah Southern, from an asking price of £495,000.

Rum Doodle, a guest house in Sunny Bank Road, Windermere, was sold from an asking price of £915,000.

Last month the firm worked on the sale of two cafés.

These were Wild Strawberry, in Main Street, Keswick, which is set over two floors and was sold for an undisclosed price to Chris and Emma Bray, who have just moved to Ullswater, and Potted Out, in Stock Lane, Grasmere, which has indoor seating for 40 people and al fresco seating for another 48, for £695,000 to Beth and Paul Abbott, who plan a complete refurbishment of the café, who have also just acquired Lake View Country House in Grasmere.

Colliers International has its global headquarters in Canada and has offices in 68 countries.