HLL Humberts Leisure, the property specialists to the golf and golf hotel industries, is instructed to market Lostwithiel Hotel Golf & Country Club, Cornwall. Offers in the region of £2.25 – £2.5 million are invited for the property, which is being offered to the market as a retirement sale.
Lostwithiel Hotel Golf & Country Club is located just off the A390 between St Austell, Bodmin and Plymouth and is ideally positioned to reap the benefits of the numerous tourist destinations in the area (including The Eden Project) and the South Cornish coastline, notably Looe, Fowey and St. Austell Bay.
The freehold property comprises 27 en-suite letting bedrooms; a clubhouse with leisure club & function facilities; a mature 18 hole 5,907 yard (par 72) golf course; a 6 bay golf driving range & golf practice facilities; together with tennis courts & fishing lakes.
Lostwithiel Hotel Golf & Country Club opened in 1991 and has consistently achieved a turnover in excess of £1.0 million. The business mix is approximately 32% bedroom income; 48% food and beverage income and 20% golf / leisure income. The Club enjoys a good reputation in the area not only as an established golf hotel venue, but particularly as a venue for functions & weddings.
The sale is being handled by Ben Allen BSc (Hons) MRICS and Paul Barnes BSc (Hons) MRICS at HLL Humberts Leisure. Ben Allen said,”Lostwithiel Hotel Golf & Country Club represents a fine opportunity to acquire an established golf hotel with a diverse range of income streams in a renowned tourist area. The vendor, whilst seeking an outright sale, will also consider offers for a majority shareholding in the business, and / or is happy to offer a consultancy agreement should this be of assistance to the purchaser. It will be fascinating to see who acquires this appealing property.”
For further information on Lostwithiel Hotel Golf & Country Club, or for a confidential discussion on your golf market requirements, please contact Paul Barnes on 020 7629 6700 or Ben Allen on 01962 835 960