Picture No. 24

House For Sale £825,000
Portuan Road, Looe, Cornwall


Description
A good opportunity to purchase a well-regarded hotel which is now in need of extensive modernisation.

The hotel benefits from recently approved planning permission (PA22/111021) for conversion to four, principal residence dwellings. Planning details are available on Cornwall Council's planning portal or through the selling agents.

With superb sea views from all forward-facing reception rooms and bedrooms the accommodation would be attractive to guests. Many bedrooms have private balconies from which to enjoy the views and all rooms are en-suite.

The property offers a large dining room and bar on the first floor which itself has fine sea views. There is sufficient space for accommodating the requirements of a hotel full of guests.

The kitchen has been cleared of its equipment and requires renovation and modernisation.

By contemporary standards it is thought that a purchaser may want to consider re-configuration of the 16 bedrooms to improve the marketability of the accommodation. Offering fewer but larger rooms could create a fine boutique hotel.

The position of the hotel provides great potential for a successful business following a refurbishment and modernisation.

Looe is a very popular destination for holiday makers to Cornwall. The tidal harbour divides this picturesque town and is an active fishing port. The town offers plenty of things to do for tourists from coastal walks, boat trips, beach days and many independent shops, cafes and restaurants.

The Fieldhead hotel's location in Hannafore is just a short distance to the harbour and centre of the town.

For those buyers and investors looking to create a destination hotel refurbished to their own tastes, the Fieldhead is worthy of consideration.

Follow the link for more information:
        
onthemarket.com

  
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