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South West hospitality market remains buoyant with new entrants after sale of hotel in tourist hotspot

St Benets

The sale of a boutique B&B in Bodmin, Cornwall, has further strengthened the buoyancy of the hospitality market in the south west.

Christie + Co has completed the sale of the eight-bedroom St Benet’s Abbey, a Grade-II listed property situated in the village of Lanivet and dating back to 1411.

Originally built as part of an Abbey of Benedictine order, the building sits in 1.8 acres of gardens and is popular year round with tourists keen to visit the area.

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St Benet’s Abbey is well placed to capture this trade, particularly those attracted to Lanivet’s countryside setting.

Stephen Champion, senior business agent based in Christie & Co’s Exeter office comments: “St Benet’s Abbey is a unique property featuring a rich history, the new owner saw the potential in this business after his first viewing and was quick to secure the property with an offer.

“With managers Katie Fitzgibbons and Dani Morgan continuing to run the business under the new ownership, it is in good hands, and we wish the new owner all the best for the future.

“The market for B&Bs and hotels across the South West remains buoyant with new entrants flooding to the region in search of their dream businesses. Lender appetite is also holding firm, with many of the high street and challenger banks competing for lending opportunities in this sector – a trend which shows no signs of stopping.”

St Benet’s Abbey was sold off a guide price of £720k.

Tags : Christie + CocornwallSALE
Zoe Monk

The author Zoe Monk

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