12 bedroom hotel for sale

Ponterwyd, SY23

£599,950

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

SUPERB 10 BEDROOM HOTEL, BAR AND RESTAURANT
Main road location in the village Ponterwyd in the Cambrian Mountains
Very well appointed and presented 17th century inn set in 3½ acres
Early interest and viewing is highly recommended
£29,000 has been spent to rewire the building
Property been fully re-wired in February 2012
Advised annual turnover of £260,000
10 guest bedrooms all en-suite
2 bed owners' accommodation
Freehold free house
Panoramic views
Tranquil setting

Location
This outstanding hotel, bar and restaurant is located on the prominent main A44 road in the highly desirable village of Pontywnd in the heart of the stunning Cambrian Mountains. It’s perched on edge of the Rheidol Gorge and gives panoramic views of the mountains. It’s an ideal location for hiking and mountain biking and is within easy reach of Nant-yr-Arian mountain bike trails (1.5 miles), Plylimon Mountain (1.5 miles) and Devils Bridge Falls (2.5 miles). It sits just 12 miles east of the coastal town of Aberystwyth which is a big attraction because of its University.


Business History
Meridian Business Sales are privileged to offer to the market this superb 10 bedroom hotel, bar and restaurant which is set in 3.5 acres of stunning countryside. The business dates back to the 17th century and has been in the careful hands of our client for the last 5 years. The only reason this rare opportunity is being offered to the market is due to our clients wish to retire. Since our clients took ownership of the property, they have transformed it and have gone to considerable expense and effort on the presentation of the property and are very generously including fixtures and fittings within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. The hotel is owner operated and employs 6 part time members of staff. The advised annual turnover is in excess of £260,000 which is split by room income 60%, wet sales 20% and the remaining 20% from dry sales. Facilities include 28 cover restaurant, bar, car park, and its very own waterfall within the grounds. Rooms are very comfortable with en-suites, colour freeview TVs with radio and DVD, radio alarm clocks, direct dial telephones, Wi-Fi and tea and coffee making facilities. The George Borrow offers a wide selection of traditional meals, many being homemade. Meals at the George Borrow can be taken in the restaurant with views over the mountains or you can relax and enjoy the meal in one of the bars in front of an open fire, where they also offer a wide selection of bar snacks as well as Sundays which are very popular for its carvery. Residents range from tourists, hikers, mountain bikers, people visiting relatives and business professionals. The business is run to suit so there is huge scope to increase turnover. This is a superb opportunity and as such Meridian Business Sales recommends early viewing.

Financial Profile
Turnover: £260,000
Stock approximately: £5,000

Tenure
We are advised freehold

Opening Hours
Trades all year round

Accommodation
Detached 10 bedroom hotel, bar and restaurant with 2 bed owners’ accommodation, briefly comprising:

GROUND FLOOR
Door to entrance porch

Bar with tables and chairs, bar servery and open fire

Back bar with bar servery, pool table, darts board, TV, duke box, gaming machines and seating

Ladies toilets
Gents toilets

Laundry room

Hallway with hotel reception and office

Catering kitchen with 2 x sinks, dishwasher, 6 ring gas hob and oven, griddle, double fat fryer, 6 pot wet bain-marie with hot cupboard and salad bar

Restaurant with seating for 28 and carvery counter

Guest lounge with TV

Boiler room
Cellar (below ground)
Beer cellar
Store room
Bottle store

FIRST FLOOR
Laundry room with bath and wash basin
Room 1 – Single room with shower, toilet and wash basin
Room 2 – Single room with shower, toilet and wash basin
Room 3 – Family room with shower, toilet and wash basin
Room 4 – Double room with shower, toilet and wash basin
Room 5 – Double room with shower, toilet and wash basin

Owners’ accommodation
Lounge
Double bedroom
Single bedroom
Bathroom with bath, toilet and wash basin

SECOND FLOOR
Room 6 – Single room with shower, toilet and wash basin
Room 7 – Double room with shower, toilet and wash basin
Room 8 – Double room with shower, toilet and wash basin
Room 9 – Twin room with shower, toilet and wash basin
No room 10
Room 11 - Double room with shower, toilet and wash basin
Empty room with fire escape access

EXTERNAL
Car park for 15-20 vehicles
Rear beer garden with picnic tables overlooking the River Rheidol with waterfall
Second garden area with 2 x green houses
1 x double garage and 2 x single garages


Nearest station

  • Aberystwyth (9.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest station

  • Aberystwyth (9.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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