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6 bedroom hotel for sale
Fore Street, Tintagel, PL34
- LANDMARK BUILDING IN CENTRE OF VILLAGE
- 6/9 GUEST BEDROOMS (ALL ENSUITE)
- RESTAURANT (50 COVERS)
- PUBLIC LOUNGE AND BAR
- LARGE CAR PARK
- OWNER / MANAGER ACCOMMODATION WITH THREE BEDROOMS, LOUNGE & KITCHEN
- GOOD LEVELS OF REPEAT AND WALK-IN TRADE
- £300,000 PROJECTED TURNOVER FOR 2012 WITH POTENTIAL TO SIGNIFICANTLY INCREASE
- TRIPADVISOR 4½ STARS, LATEROOMS 5 STARS
- PP TO CONVERT TO 7 APARTMENTS WITH NO SOCIAL HOUSING PROVISION
A unique opportunity to acquire a landmark hotel in the centre of Tintagel, one of Cornwall’s top visitor destinations. The hotel is popular with locals and visitors alike and its 6/9 ensuite guest rooms, bar, lounge and 50 cover restaurant are predicted to turnover around £300,000 for 2012 and there is potential for the right owners to significantly increase this figure. There is a 3 bedroom (all ensuite) owners / managers apartment which could be split to provide 3 extra ensuite guest rooms. There is also current planning permission to convert the building into 7 separate apartments with no social housing provision.
Its position on Cornwall’s beautiful and rugged North Atlantic Coast together with its charming cottages made from local Delabole slate and the outdoor pursuits that abound in the area make Tintagel a popular destination for visitors from all over the UK, Europe and beyond. But, it is its links with the legend of King Arthur which makes Tintagel a unique destination and famous around the world. When you look out over the cliffs and out into the Atlantic, it is not hard to imagine the son of Uther Pendragon and his knights living here today.
As one would expect this bustling village is one of Cornwall’s most popular tourist spots thanks to its two beaches - Tintagel and Bossiney, its Castle, its picturesque cottages, pubs and hotels, of which the Tintagel Arms Hotel is one of the best known, and its position in the middle of an area of outstanding natural beauty, much of it owned and looked after by The National Trust. Just along the coast is the ancient and quaint village of Boscastle with its picturesque harbour, local shops, restaurants and public houses. Close at hand is the scenic ‘Rocky Valley’ walk leading to the coast and St Necton’s Glen heading inland.
Dating back to around 1750 and situated in the centre of the village, the Tintagel Arms Hotel is itself a landmark. Currently, its 6 guest rooms, thriving bar and restaurant combine to generate a predicted turnover for 2012 of around £300,000 with potential growth opportunities for its new owners.
There is an owners / managers apartment which occupies the entire second floor. Currently configured to offer three bedrooms (all ensuite), lounge and kitchen it would be relatively straightforward to convert this floor into three further guest bedrooms and still have live-in accommodation for the owner or manager.
For investors, the hotel has current planning permission to convert in to 7 apartments with no social housing provision.
For more information visit www.tintagelarmshotel.co.uk