A four-star South Devon hotel with a luxury spa has been put up for sale for £3.4m.
Lincombe Hall in Torquay has 44 en-suite guest bedrooms, two self-catering apartments, a brasserie restaurant, breakfast and function room, and a separate lounge for guests.
It also has a spa with facilities including five treatment rooms, a hydrotherapy pool, ice room, saunas, steam rooms, aromatherapy rooms, nail bars, fitness facilities, and indoor and outdoor pools.
The property has recently undergone significant investment and has consented planning permission to further expand the spa facilities. The hotel freehold is being jointly marketed by property firms Christie & Co and Savills.
Stephen Champion, director – hotels at Christie & Co, said: “Lincombe Hall Hotel presents as a superb opportunity for a new operator to take on a highly rated and profitable spa hotel. The recently constructed £2m spa complex has won several awards for the quality of its offering, creating a fantastic draw for customers.”
The hotel, which has sweeping views across to Torquay Marina, also has a large outdoor terrace, private gardens and an on-site car park.
“The hotel has also undergone an extensive renovation in recent years with all the public areas and a large portion of the bedrooms updated to a high standard,” added Mr Champion.
“There have also been significant improvements made to operational efficiencies in the last few years, which have seen a noted uplift in profits. Lincombe Hall Hotel & Spa is perfectly positioned to be passed on to a new custodian who will certainly enjoy the fruits of our client’s labour.”
James Greenslade, director at Savills, said: “The quality of the product and facilities at Lincombe are of the highest standard. This, coupled with the strong existing operation which has seen improving performance over the last few years, and the planning consent to extend the spa, provides a compelling package for potential purchasers.”
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