Boutique hotel in Cornwall with significant development opportunities comes to market

16 December 2016

Savills, on behalf of a private client, has brought to the market The Cormorant Hotel in Cornwall at a guide price of £1.5 million.

The 14 en-suite bedroom boutique hotel is located on the River Fowey in Cornwall, two miles from the small town of Fowey. The Cormorant Hotel is situated in an elevated position, with all bedrooms, the restaurant and all public areas overlooking the river. Alongside the restaurant is a lounge with seating for 20 and a cocktail bar. There is a separate building housing a swimming pool & jacuzzi with external sun deck.

The hotel offers significant development opportunities for extension, conversion to holiday apartments and redevelopment to residential use subject to planning consent.

Martin Rogers, head of UK hotel transactions, comments: “The Cormorant Hotel’s location is exceptional, with the property geared towards making the most of the views across the estuary. The current owner has run the business very successfully for the last nine years and now wishes to retire. The property has great potential for development in the future.”

 

 
 

Key Contacts

Martin Rogers

Martin Rogers

Head of
Hotel Transactions, Europe

Savills Margaret Street

+44 (0) 20 7409 8039

 

James Greenslade

James Greenslade

Associate, Surveyor
Hotel Agency

Savills Exeter

+44 (0) 1392 455 719