A coastal hotel in north Cornwall that has recently been refurbished has been put up for sale. Widemouth Manor, near Bude, is a family-run operation with 10 ensuite rooms, a restaurant, lounge bar, rooftop terrace and gardens.
The hotel has undergone "significant" renovation works under the current ownership, according to specialist property firm Christie & Co which has been instructed to market the venue.
Set within private grounds, Widemouth Manor holds a wedding license and regularly hosts events, celebrations and private functions. On-site managers’ accommodation and a sizeable car park are also included in the sale.
According to Christie & Co, there is scope for a new owner to grow existing operations by extending trading times and developing the facilities further, subject to obtaining necessary consents.
Widemouth Manor freehold is being marketed at an asking price of £2.9m. The business is also available by way of a new lease at an asking premium of £350,000.
Stephen Champion, director of hotels South West at Christie & Co, who is handling the sale, said: “Widemouth Manor presents as an exceptionally profitable business which could suit integration into either an existing group operation or acquisition by an individual operator. We expect strong buyer interest in this superbly positioned business.”
