The former Kerenza Hotel in Bude has come on the market with joint agents Watling Real Estate and Vickery Holman seeking offers in excess of £950,000.
The freehold property on Flexbury Avenue, Bude, has 23 bedrooms, and a two bedroom maisonette. The accommodation also includes a bar, residents’ lounge and 40 cover restaurant.
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The property is within walking distance of Bude and its celebrated beaches.
Chris Davies, director of Watling Real Estate, said: “The hotel is currently closed but it provides an oven ready opportunity for a hotel / leisure operator to acquire a recently refurbished hotel located within one of Cornwall’s premier tourism destinations.”
Watling and Vickery Holman were appointed by joint fixed charge receivers, following the recent closure of the hotel.
Michael Easton, head of hotels and hospitality at Vickery Holman, said: “Our appointment, with Watling Real Estate, to sell the Kerenza Hotel comes at a time of ongoing demand for high-quality investment and redevelopment opportunities in the South West.
“This presents a rare opportunity for investors, developers, and hospitality operators alike to acquire a prominent freehold asset on the North Cornwall coast.
“Overlooking the renowned Bude and North Cornwall Golf Club, and within easy walking distance of Bude town centre and its beautiful beaches, the Kerenza Hotel offers a highly desirable setting for both guests or residents alike.”