The price tag of the iconic Chatsworth Hotel on Eastbourne seafront has been slashed by £500,000.
Leisure property specialists Fleurets is marketing the Edwardian building, which has 46 en-suite bedrooms and one suite, for £2.75 million.
The Chatsworth is owned by flamboyant hotelier Sheikh Abid Gulzar, who also owns the Albany, Boship and Mansion hotels as well as the Lions Cub Nursery.
Agents say Mr Gulzar is now focusing on a gradual withdrawal from the business and the sale of the Chatsworth marks the first phase of the process.
Will Thomas, a senior associate at Fleurets, said, “Most rooms, of a classical British style, offer stunning panoramic views of the Channel.
“A golden cage lift is the centre point of the numerous period features, together with multiple bay windows offering an elevated view of the seafront.
“The Chatsworth Hotel offers conference facilities with a capacity from 10 to 150 people; a restaurant, a bar and a health suite complete this epitome amongst Eastbourne’s heritage seafront resorts. This is a well established business suitable for an experience hotelier. We can affirm business accounts show a turnover in excess of £1 million for the year ending March 2014.”
The hotel was originally put on the market last year with a £3.25 million price tag after Mr Gulzar said he was fed up with the local council. At the time he said he felt he did not have the backing of the council which he says is constantly nit picking.
He said, “I have ploughed millions of pounds into the East Sussex economy in recent years, securing hundreds of jobs for people, yet I do not feel I have the backing of Eastbourne council.”
Mr Gulzar heads the Lions Hotel Group, a family owned and managed chain of four hotels. The hotel was used for filming period drama Bramwell, set in 1895 about Eleanor Bramwell’s determination to make her mark in medical history.