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Historic Tregarthen hotel on Isles of Scilly up for sale

18 March 2014 by
Historic Tregarthen hotel on Isles of Scilly up for sale

One of the Isles of Scilly's most prominent hotels is up for sale for £1.75m for the first time in 100 years.

Located on the waters-edge of the harbour on St Mary's, the 33-bedroom Tregarthen hotel has enjoyed a rich history since being opened in 1848 by Captain Frank Tregarthen, who ran the steam ship Little Western between Penzance and the Isles of Scilly.

The hotel includes a 100-cover restaurant, a residents lounge bar for 80, and a staff accommodation block with 15 bedrooms. There are also three cottages, which are currently not fully utilised.

Past guests have included the poet Alfred Lord Tennyson and the notorious Dr Crippen, who delivered the baby daughter of his boatman's wife during his stay. The Queen and Prince Charles have both attended function at the hotel.

Jonathan Lane, chairman of the Tregarthern, said: "The shareholders no longer live on the island and now have considerably less involvement with the business. The hotel has traded successfully for many years, continues to do so and represents a superb opportunity for a new owner to take the business forward and capitalise on its potential."

Matthew Smith, director of Christie + Co, the property company marketing the hotel, added: "It's rare to find a hotel that combines such quality, history and stunning location all in one package. It's even rarer to see them on the market. Given this unusual freehold island site which includes three adjacent cottages on islands largely owned by the Duchy of Cornwall, we are anticipating significant interest from operators and investors, both at home and overseas."

The Tean, St Martins, Isle of Scilly >>

St Martin's on the Isle hotel for sale at £2.5m >>

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