A HOTEL in Poole has gone on the market with offers sought in excess of £2.5million.
Grovefield Manor Hotel in Pinewood Road, Branksome Park, is for sale due to the current owner taking retirement.
The 13-bedroom hotel, which also has two self-contained flats, is described as “immaculate inside and out” by estate agents Savills.
Adam Bullas, director in the licensed leisure team at Savills, said: “This is an immaculate hotel in a fantastic position close to Sandbanks and award winning beaches.”
The property is a Victorian three-storey building with two single-storey pitched adjoining buildings.
Inside the main hotel there are 13 en-suite bedrooms and two self-contained apartments.
It is understood the site has a lapsed planning permission to raise the roof of the single-storey element and create an additional floor of accommodation.
The listing from Savills described the rooms as in “excellent condition throughout”, with “high-end linens, modern artwork and en-suite bathrooms with power showers and designer toiletries”.
The hotel currently is a “top-tier” guest house catering for a “niche target market” a top tier guest house catering for a niche target market.
Tariffs fluctuate depending on the time of year but can be as high as £275 a night during peak summer months. Occupancy varies depending on the time of year but is close to 100 per cent in the summer and 50 per cent in the winter months.
Savills’ listing said: “We understand turnover for the business is in the order of £350,000 (gross) but the hotel is run as a lifestyle venture and therefore will suit an enterprising owner operator who wishes to continue with the business.”
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