AN iconic manor in Widemouth has been listed for more than £2.5-million.
Business property adviser, Christie & Co, has announced that Widemouth Manor will be placed on the market.
The destination venue and hotel with panoramic sea views near Bude, occupies a stunning coastal position within walking distance from the beach, Widemouth Manor is a substantial detached property, offering ten individually designed en-suite letting rooms along with several large, flexible trading spaces including the Sunset Restaurant, Sunset Lounge Bar, a rooftop sun terrace, and extensive gardens.
Set within private grounds, the manor also holds a wedding license and regularly hosts events, celebrations and private functions. On-site managers’ accommodation and a sizeable car park are also included.
The manor has undergone significant renovation works under the current ownership and is a “highly profitable” business in a scenic location, popular with tourists and visitors all year round. However, there is still scope for the new owner to grow existing operations by extending trading times and developing the facilities further, subject to obtaining necessary consents.
Widemouth Bay is a sandy Blue Flag beach which stretches for nearly two miles and is a popular spot among surfers. The bay lies just three miles south of the seaside town of Bude, and is accessible along the South West Coast Path and on a popular cycle route.
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.”
Widemouth Manor freehold is being marketed at an asking price of £2,900,000. The business is also available by way of a new lease at an asking premium of £350,000.