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Lostwithiel Brought to Market

10.46am 22nd February 2011 - Property - This story was updated on Thursday, February 24th, 2011

Lostwithiel Country Club Hotel, Cornwall

Lostwithiel Hotel Golf & Country Club, Cornwall, has been brought to the market by Humberts Leisure, the property specialists to the golf and golf hotel industries. Offers in the region of £1.85 million are invited for the property, which is being offered to the market as a retirement sale.

According to VisitBritain, the value of tourism is expected to increase by more than 60 per cent by 2020, making the sector worth £188 billion to the UK economy. This spells good news for holiday-based businesses in South West England which are inextricably linked to the buoyancy of the domestic holiday market.

The freehold property comprises a mature 18 hole 5,907 yard (par 72) golf course and a 6 bay golf driving range and golf practice facilities including an indoor golf simulator. The clubhouse includes a 27ft indoor heated swimming pool, gym and two outdoor hard tennis courts. The hotel, a combination of new build and converted period Cornish Barns, retains the original charm of the mellowed stone and beamed ceilings, and provides 27 en-suite letting bedrooms. There is also the Black Prince restaurant, named after the first Duke of Cornwall, and two well stocked fishing lakes on the grounds.

Lostwithiel Hotel Golf & Country Club is located just off the A390 between St Austell, Bodmin and Plymouth and is ideally positioned for the numerous tourist destinations in the area. The Eden Project is just 10 minutes drive away, as are the enchanting Lost Gardens of Heligan, historic Lanhydrock House with Gardens and the Pine Lodge Gardens. The South Cornish coastal towns of Looe, Fowey Polperro and St. Austell Bay are also nearby.

Lostwithiel Hotel Golf & Country Club opened in 1991 and has consistently achieved an annual turnover of around £1million. The business mix is approximately 30% bedroom income; 49% food and beverage income and 21% golf/leisure income. The Club enjoys a good reputation in the area not only as an established golf hotel resort for the whole family, but also as a venue for conferences, functions & weddings.

Ben Allen, director of Humberts Leisure who is handling the sale, says: “Lostwithiel Hotel Golf & Country Club represents a fine opportunity to acquire an established golf hotel resort in one of the UK’s most popular tourist areas. We have recently completed the sales of a number of golf businesses across the country with high net worth/lifestyle buyers dominating the market. It will be fascinating to see who acquires this appealing property which has the benefit of a number of income streams.’’

David Picton, current owner and operator of Lostwithiel Hotel Golf & Country Club, says: “With the increase in domestic tourism over the last decade we saw the opportunity to expand the resort and its operations with nine additional hotel rooms, the gym, fishing lakes and a garden room for the wedding business. Growing demand means there are still areas that offer great potential for commercialisation and further development, including six additional hotel bedrooms and a mini spa.”

David continues: “Given the resort’s enviable location in the heart of South Cornwall and the wide range of leisure facilities that cater for the whole family, Lostwithiel enjoys a significant rate of repeat business. Owning and managing the resort for the last fifteen years has been really enjoyable for us, and now we hope to pass it on to a deserving owner and operator.”

For further information on Lostwithiel Hotel Golf & Country Club, or for a confidential discussion on your golf market requirements, please contact Ben Allen on Tel: 01962 835 960 or ben.allen@humberts-leisure.com

Lostwithiel Hotel Golf & Country Club www.golf-hotel.co.uk

Humberts Leisure www.humberts-leisure.com

       

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