The Exeter Office of leading business agents, Christie + Co, is marketing for sale a new lease on Elements Hotel, which is in a breathtaking location at Widemouth Bay, to the south of Bude on the north Cornish coast.
The property enjoys a highly visible position in an area where the beaches are renowned for their clean water, high cliffs, golden sands and surfing. The South West coast path, with its dramatic scenery, is also close by.
Elements Hotel has been the subject of considerable improvement by the current owner over recent years. It was originally built in the late 1920s and was subsequently extended. It includes an open-plan bar/restaurant with around 60 covers on the ground floor and 11 letting bedrooms, which sleep a maximum of 29 guests, on the upper floors.
Next to the hotel is a detached four-bedroom owner’s bungalow – with private decking and a garden – which has also been upgraded and provides spacious and comfortable family accommodation.
Simon Harvey, Director at Christie + Co’s Exeter Office, is handling the sale and comments: “It is rare that opportunities of this nature become available in these coastal locations. Elements Hoteland is in very good condition so we anticipate it will attract strong interest from the outset. The business has been significantly upgraded by the present owners and also trades extremely well, with rising sales and profits.”
The new lease, with terms to be agreed, is available at a premium of £325,000 and an initial annual rent of £65,000.