Property Details

Acting On Behalf Of Joint Fixed Charge Receivers The Property Is Available Freehold By Informal Tender.

The Kerenza Hotel Is Presented In Good Decorative Order And Provides For 23 En Suite Letting Bedrooms, Resident Lounge And Bar, Restaurant, Car Parking And Customer External Terrace. Situated On A 0.38 Acre Corner Plot Looking Over The Nearby Golf Course And To The Sea This Represents An Excellent Opportunity To Reopen And Trade In A Popular Coastal Location.

Location

Bude Is A North Cornwall Seaside Town Close To The Devon Border And Adjoins The A39 Trunk Road And Is The Main Settlement Between Bideford, (27 Miles) North And Wadebridge (30 Miles) South. With A Population That Is Now Over 10,000, There Has Been Considerable Development In Recent Years

The Hotel Is Situated On Flexbury Avenue, Approximately 710m East Of Popular Crooklets Beach And Around 370m North Of Bude Town Centre, In The Village Of Flexbury. Bude And North Cornwall Golf Club Is Opposite. Once A Small Hamlet, Flexbury Has Been Developed Over The Years And Is Now A Popular Coastal Village Due To Its Proximity To Both Bude Town Centre And Crooklets Beach. The Last Estimated Population Was Around 2,290.

Accommodation

All Letting Bedrooms Range In Size, But Are Either Double Or Twin Rooms, With One Suite At First Floor. All Rooms Are En-suite With Either Shower Rooms Or Bath With Shower Over.

Ground Floor With Entrance Porch Leading To Open Plan Reception Leading To Hallway For Ground Floor Bedrooms, And Stairs To Upper Floors. Cocktail Bar With Space For 16 Covers And Open Plan To Triple Aspect Informal Lounge And Dining Room With Glazed Atrium And Providing Space For C50 Covers. Separate Dining Room With Space For Additional 40 Covers With Access To External Customer Decking. Commercial Kitchen With Kitchen Prep And Wash Area, Separate Drinks Store And Beer Cellar And Office. 8 Guest Letting Bedrooms.
First Floor With 13 Guest Letting Bedrooms.
Second Floor 2 Guest Letting Bedrooms (one With Private Balcony)

Owner Maisonette (not Inspected) Is Independently Accessed At The Side/rear Of The Building And Understood To Two Bedrooms And Living Accommodation.

Externally:

Decking Terrace With Space For C30 Covers. Customer Car Park For 23 Vehicles.

Planning

C1 Hotel Use And C3 For The Owner Maisonette. Local Planning Authority Cornwall County Council. Current Planning For 6 Bedroom Extension At Second Floor And Customer Lift. Granted April 2023 Under Reference Pa22/10287. The Property Also Offers Scope For Residential Redevelopment Subject To Planning And All Necessary Consents

Rent / Price

Oieo £950,000

Business Rates

From The Valuation Office Agency Website (www.voa.gov.uk) We Understand That The Current Rateable Value Is £41,250 Which Qualifies For Small Business Multiplier Relief Of 49.9p In The Pound. In Addition There Is Current Support In The Sector Of 40% Reduction On Rates Payable. Council Tax Band A.

Services

We Understand That Mains Electricity, Gas, Water And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.

Epc

C(72)

Legal Fees

Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction.

Vat

All Figures Quoted Are Exclusive Of Vat If Applicable.