30 bedroom hotel for sale

POWYS

£450,000

Property Description

Full description

Tenure: Freehold

Ref 7836 FREEHOLD

EXTENSIVE AND RECENTLY REFURBISHED 28 BEDROOM FREEHOLD HOTEL WITH BAR AND RESTAURANT PROMINENTLY POSITIONED WITHIN THE HISTORIC TOWN OF LLANDRINDOD WELLS, POWYS


Centrally positioned in the heart of this busy and historic town.

Spacious Trading Areas including a Public Bar (circa 40), Lounge Bar (circa 30), Reception Area and Large Restaurant/Function Room (circa 100).

28 En-Suite Letting Bedrooms.

2 Bedroom Owners Accommodation.

Wonderful Patio/Decked Terrace Area with seating for 30 and Car Park for 10 cars.

Retail Unit currently rented as a Hairdressers,
producing valuable income.

Advised turnover for y/e 08/16 circa 400,000 (incl. VAT) with trade split of 50% wet and 50% letting.


EXTENSIVE INN AND HOTEL BEING OFFERED ON FAVOURABLE TERMS


LOCATION

This extensive and well presented Freehold Hotel with Bar & Restaurant is prominently positioned on Temple Street, in the heart of Llandrindod Wells, Powys.
Llandrindod Wells is an historic Spa town in the lovely county of Powys in Mid Wales.
It serves as the seat of Powys County Council and thus the administrative centre of the county.
The town is a popular tourist destination and is easily accessible due to its railway station and road links from the A483 which runs through the town.
The architecture in the town includes many buildings in ornate styles dating from the boom period of the Victorian and Edwardian eras along with various Art Deco buildings.
The town has a population of approx. 6,000 residents.

THE PROPERTY

This extensive freehold property dates back to 1870 and is built from local stone construction under a pitched tiled roof within the historic town of Llandrindod Wells, Powys.

The Restaurant/Function Room (circa 100) is a large spacious room ideal for functions, parties and events with its own entrance, bar servery and W.C's. There is easy access to the Commercial Kitchen. This area is currently let as a Chinese Restaurant on a short term let.

The Lounge Bar (circa 30) is an intimate room and benefits from a bar server and wood floors.

The Public Bar (circa 40) offering wood floors, open fireplace, bar server, pool table, darts throw and plasma TV.

Ladies and Gents W.C.s.

There is a well equipped Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a separate wash up area.

The Ground Floor Beer Cellar has coolers and a python system.

LETTING BEDROOMS

Located on the 1st & 2nd Floors are 28 En-Suite Letting Bedrooms (5 Singles, 11 Doubles, 7 Twins, 1 Triple & 4 Family Rooms). The room tariff ranges from 35 to 70 per night.

OWNER'S ACCOMMODATION

The owner's accommodation is situated on the 1st floor and briefly comprises: 2 En-Suite Double Bedrooms, Lounge & Fully Fitted Kitchen.

EXTERNAL

To the rear of the property is a recently refurbished Courtyard Garden (circa 30) with Smoking Shelter. There is also a Car Park for 10 cars to the rear of the building.

RETAIL UNIT

To the side of the main building is a Retail Unit that is currently being run as a Hairdressers on a short term let.

TRADING & LICENSING

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon - Thursday 11am - Midnight
Fri - Sun 11am - 1am

Current opening hours are:

Sun - Thursday 11am - 11pm
Fri - Sat 11am - Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business are being offered for sale freehold (although we have had not had sight of the title deeds). We are advised that the inn benefits from all mains services and uses gas central heating (services not tested). The property benefits from a New Biomass Boiler System. Business rates payable are advised as being 11,000 per annum.

THE BUSINESS

The current owners purchased the business 3 years ago as a family concern and are offering the property in very good condition along with an established strong letting trade with high occupancy levels. This offers an excellent opportunity for a freeholder to continue to build the business.

We are advised that declared turnover for y/e 07/16 was approx 400,000 (incl. VAT) with a trade split of 50% wet and 50% letting. There is further scope to introduce food as the Restaurant/Function Room is currently let out as a Chinese Restaurant, hence there is no catering turnover included in the accounts.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.


Nearest stations

  • Llandrindod (0.1 mi)
  • Pen-y-bont (3.2 mi)
  • Dolau (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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.

Map & Street View

Nearest stations

  • Llandrindod (0.1 mi)
  • Pen-y-bont (3.2 mi)
  • Dolau (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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.

Disclaimer - Property reference 7836. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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