Royal York & Faulkner Hotel, The Esplanade, Sidmouth | Property for sale | Savills
Guide price £4,750,000

Royal York & Faulkner HotelThe Esplanade, Sidmouth

  • Freehold

Key features

  • Significant seafront hotel offering 72 en suite bedrooms
  • Established and profitable business, situated on Sidmouth’s Esplanade
  • Far reaching sea views to the south
  • Tasteful Restaurant with 120 covers and recently refurbished, stylish bar
  • Three elegant lounges
  • Blinis contemporary café-bar bistro, benefitting from non-resident trade
  • Aspara Spa including hydrotherapy pool, sauna, steam and treatment rooms
  • Significant staff accommodation provision
  • Rare car parking provision

An attractive and substantial Grade II Listed Regency Hotel set in an outstanding position on Sidmouth’s Esplanade, around 20 meters from Sidmouth Beach

About this property

  • Please contact one of our agents for a brochure and further information.

    THE HOTEL

    The Royal York and Faulkner is a Grade II Listed Regency Hotel in an excellent position on Sidmouth’s Esplanade, benefiting from high footfall along the seafront and access to the beach just 20 meters from the Hotel’s entrance. The Property has been under the same ownership for three generations.
    The Hotel comprises 72 sympathetically decorated bedrooms, with far reaching sea-views and a number of balcony rooms. The restaurant features oak paneling and excellent sea views. The Hotel has three lounges where guests can relax in comfort. In addition, the Hotel has a stunning spa with mosaic tiled hydrotherapy pool. There is also a steam cabin and traditional sauna, as well as two treatment rooms.
    Situated on the lower ground floor with its own external access is a contemporary café-bar bistro which has a strong non-resident trade.

    ACCOMMODATION

    The Hotel comprises 72 individually designed, en suite bedrooms, 23 of which benefit from far reaching sea views over Lyme Bay and 7 of which benefit from balconies facing the Esplanade and Sidmouth Beach.
    The Hotel also features two suites, comprising lounge, kitchenette, bathroom and double bedroom. Each suite has a balcony overlooking Sidmouth Beach and Lyme Bay. These suites are situated at Wyndham Court, approximately 20 metres from the Hotel. The suites benefit from full residential use.
    Currently, there is an owner’s flat set across two floors within the Hotel, comprising two bedrooms and balcony.
    There is potential to convert this area to create five additional en suite guest bedrooms, subject to obtaining the necessary planning consents. This would increase the total bedroom count to 77 bedrooms and would be accretive from an EBITDA perspective given the strong conversion to bottom line of rooms business.

    HOTEL RESTAURANT

    The Hotel Restaurant benefits from spectacular views, and provides 120 covers in an attractive oak paneled setting.
    The Faulkner Lounge Bar allows guests to enjoy sea views in an elegant but casual setting with 80 covers.

    HOTEL PUBLIC AREAS

    The Hotel provides three guest lounges, each beautifully decorated and themed to offer guests a variety of areas to relax in.
    The York Lounge enjoys sea views and is a popular venue for Afternoon Tea, providing seating for 36.
    The Reading Room features toile panels and is a relaxed seating area for up to 21 guests.
    The more contemporary Writing Room has seating for 14.
    The lounges would suit a variety of uses, including, meeting and events rooms, further F&B facilities or indeed additional guest bedrooms, subject to obtaining the necessary consents.

    BLINIS CAFÉ BAR

    Blinis Café-Bar has a dedicated separate entrance and a standalone kitchen. It provides a contemporary, atmospheric offering for both guests and non-residents alike, ideally situated to benefit from passing trade and as such is a popular F&B outlet within the town with a strong reputation locally. There is capacity for 50 covers.

    ASPARA SPA

    The Hotel’s Spa features a contemporary mosaic tiled hydrotherapy pool, steam cabin and traditional sauna. There are also two treatment rooms. The Spa has its own dedicated entrance and has a strong local following.

    UPSIDE POTENTIAL

    There is substantial upside potential within the existing property, subject to obtaining the necessary consents:
    - Conversion of owners’ flat to create circa 5 bedrooms which would be premium sea facing rooms with balconies, accretive to both topline and EBITDA.
    - Conversion of Reading Room to create additional bedrooms / meeting space.
    - Conversion of Writing Room to create additional bedrooms / events space.
    - Possibility of repurposing some staff accommodation to revenue generating space.
    - Blinis currently opens from 9am to 5pm Mon-Sat. There is an opportunity to extend the trading hours to offer evening meals and drinks.
    - Currently, one of the guest bedrooms (double with adjacent private bathroom) is used as a staff bedroom. This could be reinstated as guest accommodation which would provide an additional sea view room.

    STAFF ACCOMMODATION

    - First and second floor owners’ flat comprising two bedrooms.
    - 15 staff bedrooms in the main hotel building, three of which are en suite.
    - 3 double staff bedrooms in a nearby freehold bungalow (included within the sale), all of which are en suite.

    AMENITIES AND EXTERNAL AREAS

    Ground floor offices, staff areas, storage and back of house areas. Commercial kitchen in the hotel and commercial kitchen in Blinis.
    There is car parking to the rear of the Property for up to 18 vehicles, which is unusual within the town of Sidmouth.
    In total, the site extends to 0.332 acres.

Local information

  • The Royal York and Faulkner Hotel is located in East Devon in the Regency town of Sidmouth, on a stretch of coastline known as the Jurassic Coast.
  • The local area is known for its stunning coastline and rolling countryside and is a popular year round holiday destination.
  • The area is easily accessible from the midlands and London and the South East; Junction 30 of the M5 motorway circa 12 miles to the West. The A303, accessed via the A30, is 10 miles to the North.
  • The nearest mainline train station is Honiton, circa 9 miles away, offering a direct line to London Waterloo with a journey time is approximately 2 hours and 50 minutes.
  • Exeter Airport is 11 miles from the Hotel and offers domestic and continental flight routes.

Additional information

  • Services: All mains
  • Tenure : Freehold
  • TUPE: A purchaser will be required to comply with the relevant legislation in respect of present employees.
  • Fixtures and Fittings: Trade inventory will be included in the sale. Stock at valuation on completion.
  • Rateable Value: £145,000 for the hotel and premises.
  • Viewings: Strictly by appointment with Savills. Prior to making an appointment to view we strongly recommend that you discuss any particular points which are likely to affect your interest in the property with a member of staff who has seen the property in order that you do not make a wasted journey.

Energy performance

Energy Rating: Grade C