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10 bedroom hotel for sale

Lanteglos, Camelford, Cornwall

Guide Price £1,500,000

Property Description

Key features

  • An established and profitable hotel and holiday village close to the North Cornwall coastline.
  • Period Manor House providing a 3 Star silver Award country house hotel with 10 letting bedrooms (all en suite).
  • Former rectory designed by Pugin in 1847.
  • 4 Star holiday village rated by Visit England.
  • On site there are 22 three bedroom detached lodges and 49 two bedroom chalets.
  • One of the lodges and four of the chalets are included within the sale.
  • Detached cottage currently let out as guest accommodation with potential for a self-contained dwelling subject to the necessary consents.
  • Set in 12.65 acres of mature landscaped grounds adjoining the Bowood Golf Course.
  • Potential for further lodge development on site subject to gaining the relevant planning consents.
  • Facilities including games room, children's play area, badminton court, croquet lawn, tennis court, squash court and outdoor heated swimming pool.

Full description

Tenure: Freehold

The Business
The business has been in the same ownership since 1979 and the property is for sale due to retirement. The current owners run a limited season from Easter to October half term and currently have a gross turnover of £247,362 per annum year ending November 2016.

The business has built up high levels of repeat business especially for the hotel. There is potential to operate the business as a wedding venue and is licensed for marriages and the registration of civil partnerships. The conservatory can seat 50 guests and the garden restaurant for a further 100. There is potential to erect a marquee on the tennis court or the croquet lawn in front of the hotel.

Alternatively the property could be converted back into a private dwelling, a restaurant with rooms or into a large holiday let subject to gaining the relevant planning consents.

The country house hotel is rated as 3 Star Silver Award by Visit England. Currently there are arrangements since 2001 with Footpath Holidays which is a walking company
specialising in tourists from America who come over to walk the local area, especially the picturesque South West Coastal Path.

On site there are 22 three bedroom detached lodges and 49 two bedroom chalets that pay ground rents totalling £11,504 per annum in 2016. In addition there is a service charge for the site totalling £120,735 per annum in 2016. Lodge 9 is owned by the property.

In addition 4 chalets are also owned by the property being Chalets 3, 4, 5 and 46. Guests are attracted to the country house hotel due to the location and the access to the North Cornwall coastline. There are many golf courses close by including the adjacent Bowood Park, Trevose, Lanhydrock and St Enodoc which was recently rated the 6th best golf course in England by Golf World.

Stable Cottage to the rear of the hotel has potential to be used as owners accommodation or converted into a self-contained holiday letting cottage subject to gaining the relevant planning consents.

There is further potential to build further lodges on site and previously there was consent to build 18 further detached 3 bedroom lodges at the top of the site.

More information from this agent

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