Seafront hotel in Devon brought to market through Christie & Co
Specialist business property adviser, Christie & Co, is delighted to bring to market The Redcliffe Hotel, a traditional seafront hotel in Paignton, Devon.
Situated on a promontory dividing the two sandy beaches of Paignton and Preston, The Redcliffe Hotel boasts one of the best positions on the English Riviera, with panoramic views across the Devon coastline. It is ideally situated to enjoy all the region has to offer, including its many leisure attractions and stunning natural beauty spots.
The property was constructed between 1855-65 as a grand home originally named Redcliffe Towers, for the retired Colonel Robert Smith. It received a conversion into a hotel in 1903 and is now regarded as a well-known grade II listed landmark and prominent piece of architectural history, with much of its original design having been inspired by traditional Indian architecture.
The hotel comprises 70 ensuite guest rooms and a number of dining venues which overlook the English Channel and coastline. Owned by the same family since 1979, it has been significantly enlarged over the years from its original design, with notable additions including the construction of a restaurant wing, new ball room, extensions to the kitchens and the construction of a well-appointed leisure complex.
The family are now selling in order to retire. Speaking on their behalf, the current owner Stephen Twigger comments, “This is a hotel with immense character and great facilities in an amazing location. It has been our pleasure to be the guardians for the last 41 years and we are proud of the reputation we have built for the hotel during this time, however we feel now is the right time for us to retire from the sector and we look forward to passing the reins to a new owner.”
Stephen Champion, Director at Christie & Co is handling the sale and comments, “Interest in hotels has increased significantly post lockdown, with a number of quality hotels in the South West having gone under offer in recent weeks through Christie & Co. Speculative buyers are looking ahead at the booming demand for domestic travel fuelled by the rise in staycations and drop in foreign travel. We expect The Redcliffe Hotel with its unique location to attract significant interest from a wide range of purchasers.”
The Redcliffe Hotel is being marketed off an asking price of £4,500,000.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7448 8849 or E: bronte.hughes@christie.com
Contact the agent:
Stephen Champion, Director
P: 0131 524 3403 or E: Stephen.champion@christie.com
