UNITED KINGDOM:Knight Frank has been appointed to sell the Wyndham Trenython Manor hotel, a historic in South Cornwall, for offers over £2,750,000.
The Victorian manor house hotel sits on 24 acres of land near the port town of Fowey. It offers 25 rooms, two restaurants, a bar, private dining room, conference room, a spa with indoor pool, sauna, steam room and whirlpool, two treatment rooms and a gym.
Located within the grounds are 37 self-catering vacation cabins that feature one or two bedrooms. 35 have been sold to individual owners and 33 provide income to the resort owner through a leaseback program.
Also included in the sale are two freehold two-bedroom units.
Matthew Smith, hotel partner atsaid: “Wyndham Trenython Manor represents a great opportunity to purchase a well-located, refurbished resort business that benefits from multiple sources of income and also offers several value-add opportunities, including planning permission for 23 static caravans that could potentially be converted into 11 additional luxury accommodations, which will undoubtedly enhance the future growth of the business.
“Our client account head office is located at the resort and there are several large office areas located on the ground floor of the hotel that are currently non-revenue generating and could be reconfigured to provide additional guest rooms and food and beverage areas. Overall, the hotel offers the potential to create an award-winning holiday destination on the south Cornish coast.”