Hotel for Sale
Christies UK are offering for sale the Esplanade Hotel, Devon, England.
Key Features
- 84 Ensuite Bedrooms
- Restaurant, Lounge & Ball Room
- 50+ Parking Spaces
- Significant Upside Potential
- Seafront Location
- EPC rating 56/C
The Property is an end of terrace building constructed around 1860, converted into a hotel in the early 20th century and extended in the late 1980s.
Internal Details
• Hotel entrance leading to reception area and front guest lounge, seating 15
• Restaurant with seating for up to 110
• Bar and lounge with seating for 30
• Ball room / function room with a capacity up to 200
• Commercial kitchen
External Details – Esplanade Hotel
To the front of the hotel is a car park with space for over 40 vehicles. To the rear of the hotel is an additional parking area with space for 10+ vehicles which is generally used by staff.
The Property occupies a site extending to approximately 0.34 hectares (0.84 acres).
Location of the property
Paignton is a well known resort town being part of the Torbay conurbation on the South Devon coast. The area is popular with people retiring from the South East and the town currently has a population of approximately 43,000.
Paignton lies 22 miles from the M5 motorway via the A385 which is now predominantly dual carriageway and has a mainline railway station to London Paddington.
The Property is located on Paignton sea front close to the old harbour and beach promenade within a level walk of the town centre. There are nearby local shopping amenities, public houses and restaurants as well as Paignton Zoo, a popular tourist attraction. The immediate area includes other smaller hotels and residential properties.
The Opportunity
Whilst the hotel is available to acquire on a single asset basis, Christie & Co are selling other hotels across the UK for the same seller. Additional information can be provided on request. Please contact the following for any multi asset enquiries:
Jeremy Jones, Head of Brokerage (jeremy.jones@christie.com)
Ed Bellfield, Regional Director (ed.bellfield@christie.com)
