A long-running hotel in the heart of Ilfracombe has gone up for sale.

The hotel has a restaurant with 120 covers.The hotel has a restaurant with 120 covers.

The Osborne Hotel has been placed on the market with real estate advisor Colliers International, with offers invited in the region of £1.2million.

The hotel has been operated by the same family since 1970, and has even featured on Channel 5 television show, Hotel Inspector, where it was used as an example of a well-managed hotel.

The 53-room hotel in Wilder Road was originally built as four villas. The Grade II-listed Northfield House and an accompanying garage were acquired to the rear of the building to provide access to Northfield Road.

Ed Jefferson from Colliers International's hotels team said: "Ilfracombe has a long association with tourism and now draws new generations of visitors keen to sample the popular surfing beaches at nearby Woolacombe, Croyde and Saunton Sands.

Two flats to the rear of the hotel are also included.Two flats to the rear of the hotel are also included.

"Damien Hirst's 20-metre tall statue Verity stands on the end of the pier, signifying the town's continuing appeal."

The hotel features a main bar sitting 60, a lounge for 25 and a main restaurant with 120 covers. It also boasts one of the largest ballrooms in the area licensed for 200 people.

There is also a large two-bedroom private flat in Northfield Road for the owners as well as a four-bedroom flat above the garage which has previously been used as staff accommodation.

Ed Jefferson said the site extended to 0.4 acres - with the area around Northfield House and the garage offering potential for development to flats or holiday apartments subject to the usual planning permissions.