Broker JLL said it has put the St Michaels hotel and spa in Falmouth, on the south coast of Cornwall on the market with a guiding price of over £20 mln (€28 mln).
Broker JLL said it has put the St Michaels hotel and spa in Falmouth, on the south coast of Cornwall on the market with a guiding price of over £20 mln (€28 mln).
Located just five minutes from the town centre, St Michaels is being marketed together with Stephen Page Associates.
It benefits from full planning consent and includes an iconic residential building to be known as ‘The Liner’ with 56 sea facing apartments to include a number of penthouse apartments, as well as a new sea facing restaurant and a further 17 apartments within the 4.2 acre site.
Owners Nigel and Julie Carpenter have invested and repositioned the business during their 14 years of ownership and have plans in place to further extend the offering, JLL noted.
Michael Easton, associate director at JLL, said: 'St Michaels is a huge success in its own right and has established itself as one of the very best hotels in the South West peninsula.'
He added: 'The opportunity to offer a marketing leading, highly profitable hotel in the South West is rare enough, but one which offers scope to create the next generation of coastal holiday, leisure and residential accommodation is very exciting. We expect global interest.'
