Savills | Grand Hotel, Morton Crescent, Exmouth | Properties for sale
Excess of £1,350,000

Grand HotelMorton Crescent, Exmouth

  • Under offer

Key features

  • 74 en suite bedrooms
  • Restaurant, bar and entertainment area, guest lounge
  • 9 staff bedrooms
  • 2 bedroon manager's / owner's flat
  • 20 car parking spaces
  • Part freehold, part leasehold

About this property

  • On the instructions of S J Woodward and C P Dempster, Joint Administrators of Shearings Hotels Limited

    THE HOTEL

    The Hotel occupies a prominent position on Morton Crescent overlooking Exmouth seafront and beach, offering sea views across the bay to Dawlish and beyond.

    The centre of Exmouth is 0.3 miles from the hotel. The hotel provides 74 en suite bedrooms and a good range of public areas on the ground and lower ground floors.

    Additionally, there is a 2 bedroom property which provides manager’s accommodation with garden.

    LOCATION

    The property is located on Exmouth’s seafront with panoramic sea views towards Dawlish. The hotel is situated 0.5 miles from the A376 which provides access to Junction 31 of the M5 around 7.5 miles from the Hotel. Exmouth Station, 0.5 miles from the property, provides train services to London Paddington, via Exeter St David’s, with journey times of around 3 hours. Exeter Airport is around 10.5 miles from the hotel and provides national and some international destinations.

    Exmouth is a large town at the mouth of the Exe estuary, well known for its 2 miles of sandy beach and as a centre for water sports such as kite surfing, wind surfing and sailing. The town sits at the beginning of the World Heritage Jurassic Coast which stretches to Studland Bay in the East. There are extensive local cycling routes to Exeter, Topsham and Budleigh Salterton. Additionally, Exmouth is well located as a base to explore all that East Devon and the surrounding area has to offer.

    ACCOMMDATION
    There are 74 en suite bedrooms within the Hotel and an additional 9 staff bedrooms.

    PUBLIC AREAS

    There is a range of ground floor public space including bar and entertainment area with seating for 95 and guest lounge. On the lower ground floor is a large restaurant with seating for 144. There is a large function room with bar which is currently unused.

    BACK OF HOUSE

    Range of storage and back of house areas including staff offices, large commercial kitchen ans wash up area.

    EXTERNAL

    Parking for approximately 20 cars. In all, site extends to c.0.58 acres.

    MANAGER'S / OWNER'S FLAT

    There is a 2 bedroom flat with lounge, kitchen, family bathroom plus private garden.

    TENURE

    Freehold and part leasehold.

    The leasehold element comprises 2 Morton Crescent commencing in September 2016 and ending in September 2036 at an annual rent of £33,000 per annum.