BOSCUNDLE MANOR, ST AUSTELL, CORNWALL COUNTRY HOUSE HOTEL FOR SALE VERY NEAR THE EDEN PROJECT

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1 BOSCUNDLE MANOR, ST AUSTELL, CORNWALL COUNTRY HOUSE HOTEL FOR SALE VERY NEAR THE EDEN PROJECT

2 SUMMARY Country house hotel for sale near the Eden Project AA 3* 84% with 13 stylish bedrooms and suites Indoor swimming pool and around 2 acres of grounds Very attractive profit from T/O 516,344 net of VAT Boscundle Manor is less than 1 mile as the crow flies from the Eden Project, which is a huge attraction in the area with 960,000 visitors in To put that into perspective, Tate St Ives saw 211,000 visitors through it s doors in the same period. The hotel sits in tranquil wooded grounds on a rising terraced site so it s much larger than it first appears. Stylish throughout, a great deal of care has been put into the refurbishment to create an intimate atmosphere whether you are in the lounge for afternoon tea, the bar for a pre-dinner drink or the delightful restaurant. Weddings can be catered for too on the adjacent terrace with the service itself on the lawns above. Add in the leisure facilities and you have an all round hotel of real style and character, and it s profitable too. 1.7m - Freehold But the hotel is not just about the famous gardens in the area, though it is just over 8 miles to the Lost Gardens of Helligan. St Austell is a busy market town dating back to 1189, with it s wealth built on the mining of tin, copper and china clay, found in the surrounding hills. In fact the Eden Project is built in a disused china clay pit. With beautiful bays and dramatic coastline on the doorstep there is plenty to see and do in the area. It s easy to get there too, being located on a quiet side road, near to the A390, which makes it an ideal base to explore this part of Cornwall. It s only about 17 miles to Truro, the Capital of Cornwall. The much improved A30 to the north has shortened journey times for visitors, the AA Route Planner says its just under 3 hrs to Bristol, and there is the train of course with the mainline from London to Penzance. And if you want to surf at Newquay s famous Fistral Beach it s only about 15 miles away, Watergate Bay is even closer. Insert source Our clients bought the hotel in 2002 and have refurbished throughout to create a highly rated hotel, AA 3* 84% which is very good. They have refurbished the letting bedrooms and public areas, in fact there is little they have not touched, so for new owners the focus can be on running the business rather than Cap Ex. Over the last year our clients have made a decision to book fewer weddings and to focus instead on their commercial guests, there are plenty of those particularly in the off season, and on their core leisure guests, though there clearly is scope to take on more weddings if desired. There could also be an opportunity to create leisure membership, something that is not uncommon in hotels with facilities and a large local catchment.

3 PROPERTY With origins in the 18th century the hotel is constructed mainly of stone under a pitch tiled roof and is arranged on two floors. Grade II listed. PUBLIC AREAS The property s elegant façade has a delightful white portico entrance which leads through to a wide entrance hall with its dramatic lighting feature and steps up to the charming Lounge. Furnished with sofas and easy chairs the focus is the stone fire place at one end and Herbert Lom s piano at the other. Next door is the sophisticated Restaurant (30), an intimate space with a fireplace, wood stripped floors, and french doors leading out onto the terrace. The restaurant can seat 46 banqueting style for a wedding, too. The Bar, with daylight from the lantern in the ceiling, features unusual bamboo bucket seats and can cater for up to 20 guests. Also off the Lounge is the reception, off which is the Conservatory which is regularly used for breakfast and often for small meetings and private dining (20). LETTING BEDROOMS 13 letting bedrooms to sleep 25 (4 suites, 7 double/twin, 1 single, 1 superior suite/apartment). Each of the letting bedrooms is individually designed and decorated and is en suite, has tea and coffee making facilities, iron, ironing board, fridge, fan, electric heater, bath robes, Roberts radio, Wifi, flat screen TV, telephone, trouser press, hair dryer and a safe. Demelza, the apartment, has its own private entrance, but can also be accessed via the hotel. It s stylish open plan living area with lounge and dining table is very smart. there is a fitted kitchen too. The master bedroom has a large en suite bathroom and there is an additional bedroom. Outside the private garden includes a covered patio with a granite outdoor fire place and a couple of easy chairs to relax in.

4 LEISURE FACILITIES The indoor swimming pool is a real feature with easy chairs encouraging guests to linger and relax. The Spa Treatment Room has a feature pebble stone floor, under floor heating, electrically adjusted couch and multi-jet shower. On the terrace next to the pool is the outdoor roof top hot tub. The outdoor swimming pool is currently not used and represents a development opportunity. Membership income for leisure use is also an opportunity, thus far it s unexploited. OUTSIDE The drive rises from a wide and attractive entrance off of the road and the gravel car park is right outside the front door. From the car park, steps and a ramp lead to the entrance. The millstone lawn is to the right, but on the left, and outside the restaurant, is the attractive fountain terrace, an ideal spot for a marquee. Steps up to the lawns which rise in a number of terraces and include a croquet lawn and thatched gazebo (licensed for civil ceremonies). There is a double garage (used as a store), a log store and a dry store. OWNERS ACCOMMODATION The owners live in a secluded 2 bedroom (en suite) cottage at the top of the hotel grounds which is available by separate negotiation. This building could also be reverted to two large letting rooms. The Demelza super suite/apartment was originally used by our clients. SERVICE AREAS Commercial kitchen with wash-up and prep areas. Various stores. Laundry room. Small cellar under bar, red wine store, dry store, staff changing room, staff toilet.

5 SERVICES Mains water, electricity and sewage, (NB 1 of the bedrooms is on a separate septic tank). Bottled LPG for cooking and oil fired central heating. Super fast broadband, Wifi coverage throughout the property, 2x ISDN lines (contract to April 2017). LICENCE The property has a Premises Licence, Civil Ceremony Licence, Live Entertainment Licence, and Recorded Music Licence LISTINGS AA 3*, 84% 2 Rosettes TripAdvisor Certificate of Excellence WEBSITE TRADE A profit and loss account for the year ended 31st March 2016 shows a net turnover of 516,344. The business currently operates with 5 full-time staff and a number of part-time staff and the owners are not as involved, particularly out front, as they once were. PRICE 1.7 million is sought for the freehold property complete with goodwill and trade contents, (according to inventory) but excluding personal items. Stock at valuation.

6 DIRECTIONS Less than half a mile to the sea, the centre of St Austell about 1 mile, the Eden Project is less than a mile, Truro 18, Plymouth 40, Exeter 72, London 255. The hotel is sign posted off the A390 just to the east of St Austell. If you are coming down the A30 turn South (left) onto the A391 which will be sign posted St Austell and then stay on the A391 until its intersection with the A390. Turn left and then left again within a few hundred meters. The hotel is on the left approximately 200 meters up the lane. FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Peter Brunt LLB DipLE MRICS Peter.brunt@colliers.com

7 SUBJECT TO CONTRACT Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. May 2016 Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC Our registered office is at 50 George Street, London W1U 7GA.