Penmere Manor Hotel for sale in Falmouth for £1.95 million
Vickery Holman is marketing Penmere Manor Hotel for sale in Falmouth at a guide price of £1.95 million. This established Cornwall hotel for sale offers a rare opportunity for hotel operators, hospitality businesses and property investors.
The owners have run Penmere Manor for more than 18 years. They now plan to retire and pass the successful hotel business to a new owner.
A historic hotel near Falmouth Harbour
Penmere Manor Hotel sits on Mongleath Road, around one mile from Falmouth Harbour. Its location gives guests easy access to the town and the wider Cornish coast.
The freehold hotel for sale stands within about 2.94 acres of lawns and woodland. The grounds also provide parking for guests and staff.
The Grade II-listed building began life as a 19th-century country house. Since then, several extensions have increased its size while retaining its original charm and character.
Today, the country house hotel in Falmouth offers 37 en suite bedrooms. These include one single room, 24 double or twin rooms and 12 family rooms.
Dining, event and leisure facilities
Penmere Manor provides a wide range of facilities for hotel guests, local residents and leisure club members.
The 80-cover Manor Restaurant serves as the main dining area. In addition, the hotel has a 24-cover bar, creating more space for guests and visitors.
For events and business meetings, the Passingham Suite can host up to 30 people. A separate boardroom also provides meeting space for up to 12 people.
Meanwhile, the indoor leisure club includes a swimming pool, sauna, gym and spa bath. Non-residents can join the club, which creates another income stream for the business.
These facilities make Penmere Manor an attractive hotel investment opportunity in Cornwall.
An established hotel business with room to grow
The current owners bought Penmere Manor Hotel in 2008. Since then, they have operated it as a successful three-star independent hotel.
The business generates net sales of more than £1.1 million. However, a new owner could explore several ways to increase revenue and expand the operation.
For example, the hotel could attract more visitors during the quieter months. It could also grow its restaurant, function and events trade.
In addition, the leisure club currently has about 120 annual members. Further marketing could help increase membership and attract more local users.
The property may also suit a branded hotel operator looking for a hotel business for sale in Cornwall. Its scale, facilities and location provide a strong base for future growth.
Freehold hotel for sale in Cornwall
Vickery Holman is offering the hotel freehold at a guide price of £1.95 million.
The transaction includes the trading business, goodwill and inventory. The new owner will need to honour all existing bookings, helping to support a smooth handover.
Stock will also be available at valuation upon completion.
Additionally, the owners may sell their neighbouring private residence for £600,000. The home sits under a separate title.
Discover Penmere Manor Hotel
Explore this established Falmouth hotel for sale and discover its potential as a hospitality business and property investment. View the Penmere Manor Hotel property details or contact Vickery Holman to arrange a viewing.
