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Substantial Lincolnshire coast development site on the market for £1.5 million

07 07 20 Substantial Lincolnshire coast development site on the market hero

A former hotel with planning permissions for two extensive mixed-use schemes, in Sandilands, on the Lincolnshire coast, is being sold by global real estate advisor, Colliers International, off a guide price of £1.5 million, on behalf of private clients.


The hotel, closed since September 2018, is located just 300m from the beach in the charming village of Sandilands, a beautiful part of the Lincolnshire coastline which is part of The Gateway to the Lincolnshire Coastal Development Plan, a future National Trust nature reserve and part of the Lincolnshire Coastal Country Park.

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: “Famed for its expansive blue flag beaches and wild dunes, this stunning stretch of coastline is a popular and long-established tourist destination. The value of Lincolnshire’s visitor economy is considered around £2.24 billion with the county attracting an estimated 22 million visitors per annum.

“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, as well as the perfect base from which to explore the stunning coastline and beyond. The Lincolnshire Coastal Development Plan includes nearby access to a 16-mile walking route to explore the area’s natural and diverse wildlife. Part of Natural England’s project to establish a 2,700-mile-path around the English coastline, it includes the world's first official cloud spotting platform at the Anderby Creek Cloud Bar, and further south, a boardwalk improving access to the North Sea Observatory.

“It is expected the residential properties would also receive strong buyer demand, from both those seeking a primary residence or investment property. This part of Lincolnshire remains the domestic destination of choice for many with a connection or affinity to its coast, especially those from the neighbouring counties of Leicestershire, Nottinghamshire, Derbyshire and Yorkshire, and those discovering it for the first time.”

Tim Cross, the current owner of the site, added: “Sandilands is a beautiful place to live, visit and holiday with its fantastic beach and colourful beach huts - it represents the epitome of a true English seaside resort. 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.”

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Related Experts

Paul Barrasford

Director of Hotels Agency

Hotels Agency

London - West End

A specialist broker in the UK hotel sector since 1998, I work with hotel groups, high net worth individuals, investors and financial institutions on a broad range of hotel properties.

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Hannah Zitren

Associate Director

Marketing & Communications

Manchester

I am responsible for media relations and generating coverage in top tier broadcast and print media. I work across a range of Colliers’ UK & Pan-EMEA business lines advising on their strategic and tactical PR needs.

My role includes:

·         Developing and executing PR plans for the various business lines to help promote their key messages across all aspects of the media - print, broadcast and social.

·          Media evaluation and reporting objectives, targets and successes across the business.

·         Reputation management and crisis management.

·         Media training.

·         Media engagement: setting up meetings with top tier media and various internal spokespeople to continuously expand and build a presence with property and vertical media network.

·         Consistently delivering service excellence, meeting with business heads of a regular basis and trying to influence the research as much as possible to ensure our content has a strong enough news hook.

·         Key campaigns that I work on include MIPIM; MAPIC; REVO; Midsummer Retail Report; IHIF; Cities of Influence in addition to a host of all alternative property sector research reports.

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