Lusty Glaze Road
Newquay, TR7 3AD

Excess of £2,000,000

  • Cliff top hotel.
  • Unrivalled sea views. 26 en suite beds.
  • Bar, restaurant & function rooms. 4 bed owner's house.
  • Indoor pool & gym. Includes investment properties
  • Development potential STPP. Available as a whole or 2 lots

Location

**The Glendorgal Hotel sits in an elevated position occupying the headland between Lusty Glaze beach and Porth beach. **This site offers outstanding sea views over Newquay Bay and direct access to Porth Beach. The Glendorgal Hotel is on the northern fringe of Newquay, sited on a private headland providing seclusion and tranquility. **The local area provides a number of high quality contemporary residential developments however the town centre and its full range of amenities remains very accessible. Nearby are the honey pot sites of Padstow, Rock and St Ives with their range of boutique shops and celebrity chefs including Rick Stein, Paul Ainsworth and Nathan Outlaw. North Cornwall’s rugged coastline offers sandy beaches in abundance with Watergate Bay, Mawgan Porth and the seven bays region around St Merryn.

Description

The Glendorgal Hotel comprises the following:- 26 en suite letting bedrooms, Watermark bar & restaurant, function suite with bar, reception and lounge area, indoor heated swimming pool, gym, changing rooms, commercial kitchen and 4 bed owner's house. INVESTMENT PROPERTIES There are a number of investment properties also included in the sale which can be summarised as follows: 9 x terraced houses, sold on 999 year leases. 15 x houses, 10 sold on 999 year leases, 5 time shares (one of which will shortly revert to the hotel). 7 x apartments, sold on 999 year leases, adjoining the hotel. A ground rent of £150.00 is payable per property per annum as well as an annual service charge. PLANNING POTENTIAL There is a current but unimplemented consent to build a further house as part of the development of the 9 x terraced houses. There is potential to add one further villa, subject to permission. **Formerly planning permission was granted via appeal for a function suite at the front of the hotel however this permission has now lapsed. ** There is also considerable scope for further development on the site to take advantage of the large area of currently unused headland to provide either a residential or holiday development, subject to obtaining the necessary consents. Development would afford panoramic sea views in a highly sought after waterside location.

* Currencies are changed from British Pound (GBP) to either Euro (EUR) or US Dollar (USD). Rates updated daily at approximately 01:00 hours.

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