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Newly Refurbished Hotel In Newquay For Sale

Newquay, Cornwall
Asking Price:
£3,700,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Seafront Hotel, 20 minutes from Newquay Airport, 5 minutes from town centre, 2 minutes from station.

42 Rooms, Gym, Spa, Restaurant (with new kitchen), Bar, Staff Room, Parking, Sea Views

Refurbished high end design with new electrical wiring circuits throughout, new plumbing circuits throughout, new heating circuits throughout, new water tanks, new boilers, new walls (in many areas where walls were weak), strengthened ceilings, brand new balconies, and roof and facade upgrades, new steel fire escape doors and new fire escape.

From the design - newly furnished rooms and public areas. Completely brand new furnishings throughout all areas.

All asbestos removed, fire alarm, wi-fi, security systems, in place

Currently the hotel is accumulating bookings and will be sold with customers ready for the 2019 season (from June onwards)

Hotel Booking System - Hotel Perfect.

Property information

Property:

Freehold

Living Accommodation:

The owner may live in one of the family rooms of the hotel. This was previously the case.

Location:

Seafront Hotel, 20 minutes from Newquay Airport, 5 minutes from town centre, 2 minutes from station.

Premises Details:

Newly refurbished hotel with 42 rooms, Spa, Gym, Restaurant, Bar, Staff Room, Kitchen, full new electricity, heating, plumbing circuits, new design, fixtures and fittings.
Ready for someone to move in and run it.

Size in square feet:
14,000
Planning Consent:

Yes for construction of balconies and changes to facade (which will be carried out before June). Positive reply on planning advice for extra floor being built to add an extra 18 rooms.

Business Operation

Expansion Potential:

Potential expansion 1 floor upwards, planning advice was sought and a positive answer received however owners decided not to go ahead due to the fact that 2019 season will be missed of extra floor is built

Competition / Market:

Premier Inn, Beresford Hotel, Great Western, Victoria Hotel

Reasons for selling:

Moving town

Trading hours:

This premises has been run as a hotel from the 1900's and due to refurbishment the last time it traded was up until August 2018 (when we took over the hotel).
This hotel has licenses for Bar, Spa, Restaurant, Gaming Facilities, Gym and Hotel.

Contact Information

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  1. What will happen?

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