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The Vine Hotel in Skegness, a guest house and event venue, has hit the market for an asking price of £1.7m.
Dating back to 1770 and reported to be the oldest property in Skegness, The Vine Hotel comprises 25 ensuite bedrooms, a restaurant, two bars, and function spaces, set within 3 acres of lawned gardens and outside dining areas including five dining pods.
The property also has planning permission for a further 20 letting bedrooms which could be created under new ownership.
The Vine Hotel is known for its connection to poet Alfred Lord Tennyson, and is home to Tennyson’s Tree, where he is known to have written much of his work.
The hotel was acquired by the current owners over 10 years ago, and has since undergone significant investment and development, creating a popular hotel which receives good guest reviews.
The hotel is located a mile from the town centre of Skegness, a popular destination for holidaymakers from across the North and Midlands.
Matt Hill, senior business agent at Christie and Co who is managing the sale, said: “The Vine Hotel is a busy, successful and historic Hotel, Bar and Restaurant which we are proud to be marketing and would be an asset to any owner’s portfolio. The opportunity also offers further potential as there is granted planning permission for 20 additional lettings bedrooms within the ground of around three acres.”
