Hotel for sale

The Cormorant Hotel, School Hill, Golant, Fowey, Cornwall, PL23 1LL

Guide Price £1,250,000

Property Description

Commercial information

  • Business for sale

Key features

  • Hotel, Bar & Restaurant
  • Stunning views across the River Fowey
  • 14 en suite letting bedrooms
  • Dining terrace with far reaching views
  • Annual net sales c.500,000
  • Retirement sale. Energy Rating C

Full description

Tenure: Freehold

Description

The property is accessed via a steep driveway and is designed to ensure the views are the main feature as all rooms and all en suite bedrooms benefit from stunning river views. The main building benefits from ample public areas to include a restaurant, bar and lounge, 14 en suite letting bedrooms and three staff rooms, whilst externally there is a garden, terrace and parking for approximately 20 vehicles.

Additionally, the business benefits from a separate building which comprises a heated indoor swimming pool with whirlpool and an external sun deck with far reaching views.

Location

The Cormorant Hotel is located in the village of Golant in an elevated position enjoying uninterrupted views of the River Fowey and beyond.

The hotel is two miles up river from Fowey, which is a magnet for tourists, with a particular emphasis on boating. The area has a great number of tourist attractions including the Eden Project, many gardens including The Lost Gardens of Heligan, stately homes, the coastal footpath and the many beautiful sandy beaches.

The hotel is located within eight miles of St Austell and is within 10 miles of the A30, the main arterial route through Cornwall.

Internal Details

Main entrance opening to the reception area.

Restaurant - Seating for 30 guests and benefits from floor to ceiling windows which open to the external terrace.

Lounge – Seating for 22 guests.

Bar – Seating for 10 guests with a traditional bar.

Office, Ladies & Gents WC’s and a comprehensive commercial catering kitchen with back of house areas.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale and our client will provide a trade inventory to the purchaser.

Letting Accommodation

All letting bedrooms are en suite, front facing and benefit from river views with 12 of the 14 enjoying private balconies.

Four bedrooms are arranged over the ground floor with the remaining 10 arranged over the first floor.

External Details

Externally there is a dining terrace with seating for 20 covers and with further seating in the garden. There is also a car park for 20 vehicles.

Owner's Accommodation

There are an additional three en suite double bedrooms and a kitchenette (separate entrance) in the main building which are currently used for staff accommodation.

Historically the previous owners used this area as their accommodation but the current owner lives in the adjoining three storey property which comprises an open plan living/kitchen area and two/three en suite bedrooms.

Should this adjoining property be of interest to a buyer, it is available for sale under separate negotiations. Please note there will be a separate access with no shared areas.

The Opportunity

Our client purchased the business in 2006 and having developed The Cormorant Hotel into a thriving hotel, bar & restaurant has decided now is the time to retire and perhaps take life a little easier.

Under our client's ownership the restaurant has acquired two rosettes and the business benefits from a high percentage of repeat custom due to its tranquil location, uninterrupted views and exceptional customer service.

For more information about this opportunity please visit the business website www.cormoranthotel.co.uk

Staff

The business operates with one hands-on owner with the assistance of a loyal and trusted team to include a Hotel Manager, Duty Manager, Head Chef and a pool of part time staff.

Trading Information

The business benefits from consistent year on year revenue with net sales for the year ended 31 March 2017 of £497,376. This is derived from three income streams as follows:

Accommodation - £309,000
Food - £145,000
Beverage - £46,000


More information from this agent

Nearest stations

  • Par (2.9 mi)
  • Lostwithiel (3.3 mi)
  • Luxulyan (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Par (2.9 mi)
  • Lostwithiel (3.3 mi)
  • Luxulyan (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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