Torbay hotel drops asking price by nearly £1m

Lincombe Hall Hotel & Spa in Torquay is on sale with offers in excess of £3,400,000.

Its asking price has dropped by £850,000, after Powis Hotels first listed the property for sale in April 2024 at £4.25m.

The four-star hotel, set within a 2.5-acre plot on Meadfoot Road, has been on the market for a new operator for almost a year.

Specialist business property adviser Christie & Co alongside Savills, are marketing the property, which they describe as “a highly rated and profitable spa hotel.”

The property comprises 44 ensuite guest bedrooms, two self-catering apartments, and significant hospitality facilities.

Its spa offers five treatment rooms, a hydrotherapy pool, an ice room, saunas, steam rooms, aromatherapy rooms, nail bars, fitness facilities, and indoor and outdoor pools.

Above: Lincombe Hall Hotel & Spa. Image: Christie & Co

Recently, the property has undergone significant investment and has consented to planning permission to further expand the spa facilities.

It also offers a large outdoor terrace, private gardens, and an on-site car park, as well as views across Torquay Marina.

Stephen Champion, Director—Hotels at Christie & Co, said: “Lincombe Hall Hotel presents as a superb opportunity for a new operator. The recently constructed £2 million spa complex has won several awards for the quality of its offering, creating a fantastic draw for customers. The hotel has also undergone an extensive renovation in recent years, with all the public areas and a large portion of the bedrooms updated to a high standard. There have also been significant improvements made to operational efficiencies in the last few years, which have seen a noted uplift in profits. Lincombe Hall Hotel & Spa is perfectly positioned to be passed on to a new custodian who will certainly enjoy the fruits of our client’s labour.”

James Greenslade, Director at Savills, said: “The quality of the product and facilities at Lincombe are of the highest standard. This, coupled with the strong existing operation, which has seen improving performance over the last few years, and the planning consent to extend the spa, provides a compelling package for potential purchasers.”