Burnham-on-Sea’s only seafront hotel, Royal Clarence Hotel, has sold through sector specialists Colliers International off an asking price of £380,000.
Built in the late eighteenth century, the 17-bedroom property was the first hotel to be constructed in the popular Somerset seaside town and is just 100 metres from the town centre.
Traditional holiday trade plus huge potential to accommodate workers and contractors involved in the proposed Hinckley Point nuclear power station have turned the Royal Clarence Hotel into a potential money spinner.
Built about 1796 to take advantage of the superb vista over Burnham bay the hotel also includes two flats for the owners and family.
Burnham-on-Sea is popular with tourists taking advantage of the close links to the M5 and the area offers plenty of opportunity for leisure including walking on the Mendips, Quantocks and the Somerset Levels as well as famous attractions close by including Cheddar Gorge, Wookey Hole, Clarkes Village Outlet Centre in Street and Glastonbury.
Colliers International Hotels Director Simon Wells said: “We had a very good response from the market and the purchaser has a long term vision for the property.
“There is certainly an appetite for businesses at the moment. I would even go far as to say that the viewing levels generally are the best we have seen since the peak of the market six years ago”.