The YHA at Coverack, a prominent youth hostel with outstanding sea views which is situated in the fishing village of Coverack in Cornwall, has been sold through specialist hospitality agent, Sidney Phillips.
This notable property is situated at the top of School Hill, boasting fantastic panoramic sea views in the picturesque fishing village of Coverack. Located on the Lizard Peninsula, the area benefits from summer tourism and walkers exploring the south west coastal path.
The property is vast and the ground floor comprises of a large entrance lobby with reception and office, restaurant, lounge, dining room and connected games room, self-catering kitchen and commercial kitchen.
The first floor is accessed via a grand staircase which was constructed from the timbers of an old vessel which shipwrecked nearby. It comprises of seven bedrooms, communal shower rooms, wash-rooms and toilets. A second internal staircase takes you to the roof apex and an additional two en suite bedrooms.
The site also benefits from its sizeable grounds, having a front lawn, large car park, camping area and outbuilding, which houses all the camping facilities, including a kitchen, shower cubicles and toilets.
Joseph James, Regional Valuations Manager for Devon & Cornwall, handled the sale and commented: “Sidney Phillips has been dealing with a nationwide disposal of over 20 sites for the Youth Hostel Association. YHA Coverack is an outstanding property offering plenty of scope for either continued use, a community hub or even an impressive dwelling. A number of the hostels sold have attracted all types of buyers, especially those looking to run a lifestyle business.”
Sidney Phillips sold YHA Coverack off a freehold asking price of £760,000.
For impartial advice on marketing your business for sale or to let, please contact Sidney Phillips on 01460 259100 email wessex@sidneyphillips.co.uk. You can also browse other hostels for sale and to let by clicking here.
(February 2025)