A former hotel with planning permissions for two extensive mixed-use schemes, in Sandilands, on the Lincolnshire coast, is being sold by Colliers International, off a guide price of £1.5m.
The hotel, closed since September 2018, is located 300m from the beach in the village of Sandilands, and comes with heaps of development potential.
East Lindsey District Council has approved planning permission for a new owner to retain the existing hotel building and develop 22 holiday apartments, a swimming pool and retail on the rear land.
Alternatively, the purchaser also has the option to demolish the former hotel building, which has detailed planning permission for a fully sustainable development consisting of 13 houses; a destination 20-bedroom colonial style spa hotel with indoor pool; jacuzzi; gymnasium; exercise room; sauna and steam room, 21 holiday apartments and retail.
Paul Barrasford, Hotels Agency at Colliers International commented: “The site is now offered for sale due to our client’s focus on other (non-related) business interests.
“The closure of the previous hotel was a disappointment to many who visit and live in the area. It is felt that either of the new schemes would be very popular with local and visiting clientele. In particular, the much-improved product offering would make it a destination hotel in its own right.”
He added that the residential properties would also see ‘strong buyer demand’ and the area of Lincolnshire remains the ‘domestic destination of choice for many’.
Tim Cross, the current owner of the site, added: “History abounds in this part of Lincolnshire with Woodhall Spa being the base for the famous Dam Busters raid. I have no doubt that the development of a new destination hotel with spa facilities will be a great success as Sandilands is part of the Gateway to the Lincolnshire Coastal Development Plan.”