LoTr 1 is a planetary nebula thought to contain an intermediate-period binary central star system (that is, a system with an orbital period, P , between 100 and, say, 1500 d). The system shows the signature of a K type, rapidly rotating giant and most likely constitutes an accretion-induced post-mass-transfer system similar to other PNe, such as LoTr 5, WeBo 1 and A70. Such systems represent rare opportunities to further the investigation into the formation of barium stars and intermediate-period post-asymptotic giant branch systems – a formation process still far from being understood. Here, we present the first detailed analyses of both the central star system and the surrounding nebula of LoTr 1 using a combination of spectra obtained with Very Large Telescope-Focal Reducer and low dispersion Spectrograph, Anglo-Australian Telescope-UCL Coudé Echelle Spectrograph and New Technology Telescope-European Southern Observatory Multi-Mode Instrument, as well as SuperWASP (Wide Angle Search for Planets) photometry. We confirm the binary nature of the central star of LoTr 1 that consists of a K1 III giant and a hot white dwarf. The cool giant does not present any sign of s-process enhancement but is shown to have a rotation period of 6.4 d, which is a possible sign of mass accretion. LoTr 1 also presents broad double-peaked Hα emission lines, whose origin is still unclear. The nebula of LoTr 1 consists in two slightly elongated shells, with ages of 17 000 and 35 000 yr, respectively, and with different orientations. As such, LoTr 1 present a very different nebular morphology than A70 and WeBo 1, which may be an indication of difference in the mass-transfer episodes.