Torquay’s Abbey Sands Hotel sold

A well-known Torquay hotel has been sold with a guide price of £1.95million.

The Abbey Sands Hotel was part of the Richardson Hotels chain owned by Torbay businessman Keith Richardson.

International real estate advisor Savills has successfully sold the freehold interest in the Abbey Sands in Belgrave Road.

The property was sold off a £1.95 million guide price, on behalf of Richardson Hotels Limited. Bespoke will operate the hotel on behalf of private buyers.

The Abbey Sands Hotel comprises an attractive pair of Victorian villas with 52 en suite bedrooms. The hotel offers a substantial range of food and beverage options, including a restaurant and lounge bar with a combined capacity of 80 covers. 

Additionally, the property features leisure facilities such as indoor and outdoor swimming pools, set on a substantial 1.36-acre site.

The hotel boasts a prime seafront location in the heart of Torquay, offering sea views from several bedrooms and is just 0.1 miles from the shore. 

Harriet Fuller, Associate Director, Savills Hotels capital markets, says: “We are pleased to have sold The Abbey Sands Hotel, a well-presented property in a prime location. 

"This follows the successful sale of the Falmouth Hotel in 2024, highlighting our track record. We continue to see significant investor interest for hotel assets in the southwest region and anticipate this trend to continue into the second half of the year.”

Mr Richardson still owns his 'flagship' Grand Hotel just along the main seafront.

The Abbey Sands sale comes as a hotel in another seaside and prestige location comes on to the market.

The Cary Arms, just around the Bay in Babbacombe, has a price guide of £4.5million.