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North Devon

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Paignton hotel tipped to attract significant interest

Posted: Wednesday 11 April 2018

Interest is flooding in for a prominent Paignton hotel as buyers seek to tap into the rise in tourism in the English Riviera. 

Commercial property specialists Charles Darrow are receiving widespread interest in the 22-bedroom Britney House hotel, offered at a guide price of £475,000 for the vacant possession freehold interest. 

Having benefited from extensive investment over the years, the hotel boasts stunning views over three floors. 

In addition to the 22-bedrooms, the hotel has a substantial lounge bar and a dining room / resident lounge, as well as flexible accommodation, which could provide large owners’ accommodation. 

Charles Darrow have already held one successful open day and are set to hold further open days to cope with the high-level of interest in the property. 

Charles Darrow’s hotel and leisure consultant David Jenkins commented: “We are seeing a real spike in activity in the Bay and are expecting significant interest in Britney House. 

The Hotel represents an exceptional opportunity and with some work the business could be up and trading again in no time. Interest is already being received, with further viewings days pencilled in. Interested parties are advised to contact us early, in order to register their interest.”