view a PDF version - Property Search - Savills
The Glendorgal Hotel Newquay, Cornwall
The Glendorgal Hotel Lusty Glaze Road, Newquay TR7 3AD
Outstanding cliff top hotel with unrivalled sea views and direct access to Porth Beach with further development potential subject to planning plus investment properties.
Watergate Bay 2 miles, Newquay Airport 5 miles, Treyarnon 10 miles, Padstow 15 miles (all distances are approximate)
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.
THE PROPERTY The Glendorgal Hotel comprises the following: • 26 en suite letting bedrooms • Watermark bar and restaurant (50 covers) • Function suite with separate bar (100 covers) • Reception and lounge area • Indoor heated swimming pool (13m x 7m) • Gym. Changing rooms. • Commercial kitchen and prep areas. Back offices. Also on the site is a 4 bedroom owners’ house which can be configured as two self contained 2 bedroom flats.
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. Details of the full investment income and leases can be made available on request to bona fide parties.
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.
GENERAL INFORMATION Tenure and basis of sale Freehold and for sale on an asset basis as a going concern. Business The business has been run successfully and profitably by our client for 22 years, who is now looking to retire. Further trading information can be made available to bona fide parties.
TUPE
Directions
The purchaser will be required to comply with the relevant regulation in respect of present employees.
From the A30 at Indian Queens follow the A39 towards Newquay. At the first roundabout take the second exit, A392, signed towards Newquay. Remain on the A392 for 4 miles to Quintrell Downs. At the roundabout take the third exit. Remain on this road for approximately 2.3 miles, crossing over the double mini roundabout on Henver Road. After 2.3 miles, as you approach the coast turn right onto Lusty Glaze Road and take the first left.
VAT
All mains services.
Should the sale of the property or any right attached to it be deemed a chargeable supply for VAT purposes such tax will be payable by the purchaser in addition to the sale price.
EPC Rating
Local Authority
EPC rating – C Full EPC documentation can be made available on request.
Cornwall County Council. County Hall, Treyew Road, Truro, Cornwall. T: 0300 123 4100
Fixtures and Fittings
Rateable value
Trade inventory will be included in the sale. Stock at valuation on completion.
Hotel and Premises Rateable value: £69,000. Reference: 26010533501024. (Currently being appealed).
Services
Viewings Strictly by appointment with Savills. Prior to making an appointment to view we strongly recommend that you discuss any particular points which are likely to affect your interest in the property with a member of staff who has seen the property in order that you do not make a wasted journey.
CONTACT Martin Rogers: [email protected] DD: 01392 455749 M: 07972 000267
NOT TO SCALE. FOR IDENTIFICATION PURPOSES ONLY.
James Greenslade: [email protected] DD:01392 455719 M:07870 555893
IMPORTANT NOTICE Savills, their clients and any joint agents give notice that: 1.They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.
They
assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. 16/2/04 JG
The Glendorgal Hotel Lusty Glaze Road, Newquay TR7 3AD
Outstanding cliff top hotel with unrivalled sea views and direct access to Porth Beach with further development potential subject to planning plus investment properties.
Watergate Bay 2 miles, Newquay Airport 5 miles, Treyarnon 10 miles, Padstow 15 miles (all distances are approximate)
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.
THE PROPERTY The Glendorgal Hotel comprises the following: • 26 en suite letting bedrooms • Watermark bar and restaurant (50 covers) • Function suite with separate bar (100 covers) • Reception and lounge area • Indoor heated swimming pool (13m x 7m) • Gym. Changing rooms. • Commercial kitchen and prep areas. Back offices. Also on the site is a 4 bedroom owners’ house which can be configured as two self contained 2 bedroom flats.
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. Details of the full investment income and leases can be made available on request to bona fide parties.
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.
GENERAL INFORMATION Tenure and basis of sale Freehold and for sale on an asset basis as a going concern. Business The business has been run successfully and profitably by our client for 22 years, who is now looking to retire. Further trading information can be made available to bona fide parties.
TUPE
Directions
The purchaser will be required to comply with the relevant regulation in respect of present employees.
From the A30 at Indian Queens follow the A39 towards Newquay. At the first roundabout take the second exit, A392, signed towards Newquay. Remain on the A392 for 4 miles to Quintrell Downs. At the roundabout take the third exit. Remain on this road for approximately 2.3 miles, crossing over the double mini roundabout on Henver Road. After 2.3 miles, as you approach the coast turn right onto Lusty Glaze Road and take the first left.
VAT
All mains services.
Should the sale of the property or any right attached to it be deemed a chargeable supply for VAT purposes such tax will be payable by the purchaser in addition to the sale price.
EPC Rating
Local Authority
EPC rating – C Full EPC documentation can be made available on request.
Cornwall County Council. County Hall, Treyew Road, Truro, Cornwall. T: 0300 123 4100
Fixtures and Fittings
Rateable value
Trade inventory will be included in the sale. Stock at valuation on completion.
Hotel and Premises Rateable value: £69,000. Reference: 26010533501024. (Currently being appealed).
Services
Viewings Strictly by appointment with Savills. Prior to making an appointment to view we strongly recommend that you discuss any particular points which are likely to affect your interest in the property with a member of staff who has seen the property in order that you do not make a wasted journey.
CONTACT Martin Rogers: [email protected] DD: 01392 455749 M: 07972 000267
NOT TO SCALE. FOR IDENTIFICATION PURPOSES ONLY.
James Greenslade: [email protected] DD:01392 455719 M:07870 555893
IMPORTANT NOTICE Savills, their clients and any joint agents give notice that: 1.They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.
They
assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. 16/2/04 JG
