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20 bedroom hotel for sale

Ty'n y Cornel Hotel, Tal Y Llyn, Tywyn LL36 9AJ

Offers in Region of £750,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: C1 Hotels

Full description

Tenure: Freehold

Situated deep in the fold of dramatic, steep sided mountains and with spectacular panoramic views over its very own 222 acres fishing lake stands the Ty’n y Cornel Hotel, a truly stunning hotel and restaurant situated at the southern tip of Snowdonia National Park. Having been recently and sympathetically upgraded, the hotel consists of an original period house, a modern bedroom block and a converted boat house, all of which provide a range of accommodation for its guests, much of it offering spectacular views. In addition, the owners have the benefit of a three bedroom apartment. The hotel has a strong reputation amongst the angling community and once hosted the Commonwealth Fly Fishing Championships and with the lake being regularly stocked it attracts anglers from far afield today, enhancing its staple trade of walkers, cyclists and outdoor enthusiasts.

Ty’n y Cornel is set in this idyllic rural location within the Snowdonia National Park which in itself attracts around 4.2 million visitors each year, drawn to its amazing landscapes and the wealth of outdoor activities on offer. The hotel itself is roughly equidistant and 10 miles from the seaside of Tywyn and the market town of Dolgellau and approximately 14 miles from Aberdovey.

This well-known hotel was acquired by the present owners only a couple of years ago. They set about a major refurbishment programme to improve the accommodation to a four star standard, offering comfortable rooms with warm and inviting public areas. The new bock was re-designed and now six of the superior rooms which occupy it have balconies which overlook Tal-y-Llyn Lake and the spectacular mountain of Cader Idris. Having undertaken all of this work to regain the hotel’s natural splendour and former reputation, other business interests are making it hard to commit time to the project to ensure its complete success and therefore the difficult decision has been taken to place Ty’n y Cornel Hotel back to the market.

THE PROPERTY

The hotel is situated over three buildings. The main house is built of local construction under a tiled roof, the converted boat house is built of local construction under a tiled roof and the bedroom block is of modern construction, again under a tiled roof.

PUBLIC AREAS

From the front of the hotel, the main entrance sides in to the reception area with reception counter, opening on to a well-proportioned lounge with ample sofa seating and picture window overlooking the lake. There are ladies, gents and disables WCs. From the lounge, the restaurant is a spacious room with covers and seating for around 40, opening on to a conservatory to the side with tables and chairs for around 14.

LETTING BEDROOMS

The letting accommodation is situated over the three buildings.

MAIN HOUSE - There are 5 en suite letting bedrooms situated to the main building, all of which have colour TV and coffee and tea making facilities.

BOAT HOUSE - There are 9 en suite letting bedrooms all of unique character and style with double or twin beds, colour TV and coffee and tea making facilities. Underneath these rooms are the original boat houses which are now used for storage.

MODERN BLOCK - There are 6 superior rooms with modern en suite bathrooms, double or twin beds and have balconies which overlook the lake.

OWNERS' ACCOMMODATION

Situated to the rear of the main building is a 3 bedroom owners’ apartment which comprises of lounge, 3 bedrooms and bathroom.

SERVICE AREAS

A fully equipped commercial kitchen with oven, hob and extraction system. A wash-up area, walk-in fridge, store, dry store and walk-in freezer. Outside there is a timber outhouse which houses the laundry room, disabled WC, garage and workshop.

OUTSIDE

The property is set in substantial grounds which include a large car park located to the right hand side and accessed from the main road and private garden areas for the guests to sit out and enjoy.

TAL-Y-LLYN LAKE

Included within the sale of the property is the long leasehold interest of Tal-y-Llyn Lake which is situated directly opposite the hotel and is perimetered by a service path which is maintained by the local council. The lake extends to approximately 222 acres and has fishing rights to allow unlimited rods and up to 10 boats. However, no powered boats can be used. The lake is held on the remainder of a 994 year lease at a cost of £10 per annum.

SERVICES

Gwynedd Council at Caernarfon (01766) 771000.
Mains electricity provided with a back-up generator. There is oil-fired central heating with private water treatment and septic tank for drainage.

LICENCES

Premises Licence
Civil Ceremonies Licence

WEBSITE

www.tynycornel.co.uk

TRADE

A Profit and Loss statement for the period ended 31 March 2014 shows a turnover of £242,019.
Further trading information can be made available to any seriously interested parties after viewing.

PRICE

Offers of £750,000 are invited for the freehold interest of Ty’n y Cornel Hotel and will include the long leasehold interest of Tal-y-Llyn Lake.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender of broker involved.

TO VIEW

All appointments to view MUST be made through the vendors’ agents who are acting with sole selling rights.


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