The Priory Bay Estate in Seaview on the Isle of Wight has been put on the market by joint administrators for £3m.
The 44-bed hotel, on sale by the joint administrators, James William Stares and Rupert Graham Mullins of Rothmans Recovery Limited, presents a ‘rare opportunity’ for interested buyers, with the property benefitting from a strong summer trade thanks to its seaside location.
The estate as a whole, which sits in 48 acres, benefits from a private beach and is home to a total of 44 bedrooms. The Grade-II listed country house offers 18 bedrooms, with additional letting accommodation in a converted barn and cottage developments.
There are two restaurants within the property, as well as tennis courts, a six-hole golf course and a helipad outside.
The self-contained nature of the estate with its extensive grounds and view over the Solent makes it a popular place for weddings and conferences.
Martin Rogers, head of UK hotel transactions at Savills, comments: “The Priory Bay Estate offers a unique opportunity to the buyer, its location and heritage sets it apart from other hotels on the island. It offers a range of income streams from the two restaurants, and weddings and conference facilities, providing year round business.”
The affairs, business and property of Peartime Limited t/a The Priory Bay Hotel (in Administration) are managed by James Stares and Rupert Mullins the Joint Administrators, who act as agents of the Company and without personal liability.