Bude's 'destination hotel' up for sale for eye-watering sum

A so-called "destination hotel" overlooking a popular Cornwall beach is up for sale. Widemouth Manor overlooking Widemouth bay outside Bude, has come on the market with a hefty price tag of £2.9m.

The hotel has 10 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. An on-site managers’ accommodation and a good size car park are also included.

Stephen Champion, director for hotels South West at Christie & Co, which is handling the sale, said Widemouth Manor occupies a stunning coastal position within walking distance from the beach. Widemouth Bay is a sandy Blue Flag beach which stretches for nearly two miles and is a popular spot among surfers.

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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.

He said the venue 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. He added: "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 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."

While the freehold for the hotel is for sale for nearly £3m, the business is also available by way of a new lease at an asking premium of £350,000.

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