Boutique Hotel and Leisure Park, Lanteglos
, PL32 9RFThe Space
We are pleased to offer for sale this Leisure Business with: Boutique Hotel, Chalet & Log Cabin Park, Leisure Facilities & Land
At a glance
| Property Type | Caravan Parks - Holiday |
| Tenure | For Sale |
| Size | 10 to 81 sq ft |
| Price | £2,250,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Bodmin Parkway
223 mins
Lostwithiel
274 mins
Roche
283 mins
Coombe Junction Halt
286 mins
Reading
3322 mins
Twyford
3414 mins
Maidenhead
3543 mins
Taplow
3578 mins
Key Points
- Boutique Hotel
- Land with Future Development Potential
- Chalet & Log Cabin Park
- Leisure Facilities
- Directly adjacent to Bowood Park Golf Club
Description
The property presents a wonderful opportunity for a lifestyle business or small development and sales operation with the expansion of a long established holiday letting and sales business.
The property would suit a purchaser keen to expand the hotel operation into the wedding market and offers further capital and rental returns with an income underpinned by the existing ground rents and potential development on a further 7 acres of land.
Available area
The accommodation comprises the following areas:
| Description |
|---|
| 22 Log Cabins |
| 49 Chalets |
| 10 bed hotel with large restaurant/bar areas and grounds including tennis courts, outdoor swimming pool and squash courts. |
The Location
The property is situated in North Cornwall, close to Camelford, in a wooded valley location.
The property is directly adjacent to Bowood Park Golf Club, with views available from the log cabins of this championship-length course.
The property is in close proximity to major road networks including the A39 Atlantic Highway. In close proximity are beaches, fishing villages, the Camel Trail, Bodmin Moor and is situated 7 miles east of Port Issac and 5 miles south east of Tintagel.
Property
The property extends across 12.7 acres. There are just under 10 acres with 49 chalets and 22 log cabins as well as the boutique 10 bed hotel with large restaurant/bar areas and grounds including tennis courts, outdoor swimming pool and squash courts.
In addition there is a small coach house dating from the 1600's which has been converted into 3 letting house’s and with its own access could easily form a separate dwelling subject to planning approval.
There are just under 3 acres (approximately) adjacent to the cabins with lapsed planning permission for 18 log cabins. There is a further 4 acres with extant planning (we believe the planning is extant due to a material start being made, however this should be confirmed with the local authority) for a further 15 log cabins and 4 tennis courts
The Hotel
The hotel itself has some prominence as a former rectory and was designed by the Palace of Westminster architect, Augustus Pugin.
Despite its prominence, the property is not listed neither are there any TPO’s in the grounds.
The hotel has 10 letting rooms (all en-suite) bar, conservatory, sitting room, dining room, commercial kitchen and servery.
The Chalets and Log Cabins
The chalets and log cabins currently in situ are sold on long leases, with 60 years unexpired and are bringing in approximately £150K service charge income. With an additional income from the hotel of approximately £43K net profit per annum.
The hotel has been operated on a lifestyle basis, choosing to operate for only 6 months per year and attracts repeat group bookings every year.
The Business
The business has been owned by our client’s family for over 40 years and is long established but not operated or developed to its capacity. The existing property provides an excellent platform to increase income and also scope for further development and expansion while having an income underpinned by the existing business.
Services
The property is connected to mains services and has the added
benefit of a natural spring within the grounds.
Accounts
A copy of trading accounts can be provided to interested parties following viewing.