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Driftwood, Portscatho,Truro, Cornwall, TR2 5EW

£3,000,000

Business rates & charges may apply

Christie & Co, Hotels
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SECTOR

Hotel for sale

Key features

  • Prime clifftop location w. exceptional views
  • Unique privately owned beach
  • 14 ensuite bedrooms. Staff Accommodation
  • Detached three bedroom bungalow
  • Significant opportunity for a new owner
  • Plans prepared to develop into a luxury spa hotel. EPC rating D
  • Christie & Co Ref: 3440617

Description

Description

Our clients took over the business in 2002 and since then Driftwood’s popularity has grown significantly with the hotel having received numerous awards as well as an excellent five-star rating on TripAdvisor. The hotel’s ethos is relaxation and informality, with the décor and ambiance creating a home from home feel which keeps guests returning year on year.

The restaurant is incredibly popular with both residents and non-residents who come for outstanding food in a relaxed atmosphere. The food is produced by a talented team of award-winning chef’s who create a regularly changing seasonal menu. The restaurant is open for light lunches three days a week, afternoon tea and evening dinner daily. The hotel does not often host events or functions, leaving a business opportunity for a new owner to develop.

All but one of the hotel’s fourteen bedrooms offer impressive sea views and a number include private outdoor decked areas. All rooms are double size or larger and three offer the option of being used as a family bedroom.

Overall the business has been hugely successful with turnover being maintained at a high level. Our clients are now looking to sell in order to retire. The hotel could either suit an operator who wants to continue on the business’ current trajectory, operating as a boutique hotel with high quality restaurant, or they may look to take advantage of the location and reputation by developing and enlarging the existing hotel facilities.

Location

Driftwood is a true coastal retreat; a beautiful seaside boutique hotel in Cornwall perched on the South West Coastal Path overlooking the turquoise waters of Gerrans Bay and the hotel’s own privately owned sandy beach.

The hotel enjoys all of the benefits of a secluded yet easily accessible location, with the desirable villages of St Mawes and Portscatho close by. The county city of Truro is easily accessible by car to the North and Falmouth is just a short passenger ferry journey across the estuary.

The Roseland Peninsula in which Driftwood is situated is an unspoilt Area of Outstanding Natural Beauty with an abundancy of stunning scenery with cliffs, creeks, wood and beaches. The area offers an abundance of appealing offerings to visitors including water sports, hiking, excellent dining, culture and entertainment. A number of well renowned businesses exist in the local area which help to demonstrate the highly regarded nature of this area including; The Hidden Hut on Porthcurnick Beach, The Idle Rocks St Mawes, The Standard Inn Portscatho, and The Tresanton Hotel St Mawes.

Internal Details

Restaurant & Bar - An open plan space with panoramic sea views, seating for 36 diners, bar servery and additional bar seating.
Guest Lounge - A cosy room with comfortable seating for up to eight guests
Snug - Small snug off the restaurant seating for 6

Staff accommodation

Located in a separate two story staff building detached from the main hotel are two staff accommodation units.

The ground floor unit is an open plan studio with ensuite bathroom and kitchenette.
The first floor unit comprises an open plan lounge / kitchen / diner, two double bedrooms and a bathroom.

Also located within the detached staff building is a laundry room, garage, wine store and store.

Letting Accommodation

Driftwood has a total of 14 ensuite rooms, all inspired by the ocean with an understated coastal chic. All but one have impressive views of the ocean and some offer a deck on which to sun seek or stargaze.

External Details

External Terrace - A wrap around decked terrace providing seating for alfresco dining and drinks for up to 20 guests.
Car Park - Gravelled car park, space for 20 vehicles. The car park could be easily extended if required.
Grounds - The hotel includes a circa 5.5 acre site with the majority of the grounds current laid to grass. Please note this measurement includes areas of the cliff and beach. Please also note that a small section of the current site and an old hut is being retained by our client, please see the site plan for the land included in the sale.
Porthbean Beach – a stunning sandy and secluded beach owned by the Driftwood Hotel. The beach is just a short walk from the hotel via a cliff path. Please note there is a public right of access across the beach for the South West Coastal Path.

Owner's Accommodation

A detached bungalow renovated to a high standard with open plan kitchen / lounge / dining room, master ensuite bedrooms, two further double bedrooms, main bathroom and utility room.

Staff

The business includes a full compliment of staff including an operational manager, overseen by an owner operator.

Trading Information

Trading information is available in the dataroom following the signature of an NDA.

Development Potential

Driftwood presents a unique and significant opportunity to develop and create a new luxury coastal hotel in one of the most stunning parts of Cornwall. Although the existing business is successful in its own right, our client has identified the significant upside that could be created by addressing some of the buildings shortcomings and improving the guest facilities and bedroom numbers. With the right plan a new owner could create one of the best hotels in Cornwall.

Two exciting schemes have been devised for the hotel which cover off increasing the accommodation stock to between 34 and 50 letting units, creating significantly improved leisure facilities and improving the overall site.

Detailed plans, a full pre-app and financials have been prepared to support the viability of the scheme, full details of which are available in the dataroom.

Planning Permissions

Pre-application advice has been received for the redevelopment of the existing hotel premises comprising single storey extension and internal reconfiguration to provide 20 (No.) new hotel bedrooms, improved bar / lounge / dining area, new hotel lobby, landscaping strategy, productive food garden, additional amenities for guests including spa area and tennis courts.

As part of the pre -Application submission detailed Ecological and Habitat Assessments and Highway analysis has been undertaken as well a crucial LVIA analysis to determine a scheme suitability into the Cornish Landscape

The council’s response was positive, as the enhancement of the existing hotel offer is seen as a key priority in supporting tourism and local employment uses on the site. The feedback received provides a clear path for the delivery of this exciting and enhanced hotel.

Tenure

Driftwood is held on a freehold basis

Business Rates

Rateable value from 1 April 2023 £90,000.

Energy Performance Certificates

EPC 1

Brochures

Driftwood, Portscatho,Truro, Cornwall, TR2 5EW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Falmouth Docks Station4.6 miles
  • Falmouth Town Station5.1 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

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Notes

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Disclaimer - Property reference 3440617-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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