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7 bedroom guest house for sale

Greylands Guest HouseHigh Street,Llandrindod Wells,LD1

260 sq. m. | £219,950

Property Description

Commercial information

  • Business for sale
  • 2,798 sq ft (260 sq m)

Key features

  • REF: 1971
  • FREEHOLD
  • GUEST HOUSE

Full description

Tenure: Freehold

LOCATION
Greylands Guest House is ideally located within the town of Llandrindod Wells, Powys. The town was originally developed as a spa town in the 19th century and experienced a boom in the 20th century as a centre of local government. Llandridnod Wells is the fifth largest town in Powys. The architecture of the town includes many buildings in ornate styles dating from the Victorian and Edwardian eras, including the Metropole and the Albert Hall Theatre. Llandridnod Wells is an affluent town, making it a very desirable place in which to live and work.

The business benefits from free on-street parking close by, as well as a large pay and display car park directly opposite the property, which helps to generate a vast amount of passing trade and footfall. The town boasts a wealth of amenities, as well as a number of activities within close proximity including cycling, fishing, off-road racing and golf. The area is well served by the public transport system with several bus stops within easy walking distance of the property. Llandridnod Wells Railway Station is just a 5 minute walk away.

The area is also well served by the A-road system with the A483 being just a short drive away, which links to the vast A-road and motorway networks. Builth Wells is approximately 7 miles away and Brecon is 29 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established guest house business in Llandridnod Wells, Powys. The four-storey Victorian property was built in 1897 and was established as a guest house in 1987. The business has been in our clients` careful ownership since 2001 and is only now being placed onto the market due to our clients` personal reasons. The business is open all year round and generates a turnover in the region of 32,000, with a gross profit of approximately 80%. The business offers 7 en-suite letting rooms on a bed and breakfast only basis, along with 2-bedroom owners' accommodation.

We feel there is scope to increase the turnover with a small marketing campaign to advertise the business and the services offered. The business already has an excellent website in place with online booking facilities to promote the business and accommodation. All the letting rooms are well presented, well equipped and maintained to a very high standard. The property boasts a spacious 10 cover breakfast/dining room, which could be utilised to offer residents evening meals.

The two bedroom owners` accommodation is on the lower ground floor and consists of two bedrooms, utility room, bathroom and laundry/boiler room. We are advised that a brand new boiler and central heating system has been installed with an 8 year guarantee. We feel this is an excellent opportunity for a new owner, possible a husband and wife team, to take this already well-established and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
Victorian four-storey property, briefly comprising:

Ground floor with:

Reception hallway.
Lounge with carpeted flooring, bay window, central heating and feature fireplace with log burner.
Breakfast/dining room with 10 x covers, carpeted flooring and feature fireplace with electric fire.
Kitchen with gas range cooker and fitted units.

Lower ground floor (owners` accommodation) with:

2 x double bedrooms, one with built-in wardrobes.
Utility room.
Bathroom with shower, WC and wash hand basin.
Laundry/boiler room with patio door to rear garden.

First floor with:

Bathroom with Bath, shower, WC and wash hand basin.
Room 1 - Nightingale: Double room with en-suite and views over the hills.
Room 2 - Kingfisher: Family room with double bed, single bed and en-suite.
Room 3 - Swallow: Single room with en-suite.

Second floor with:

Room 4 - Starling: Single room with own private bathroom close by.
Room 5 - Goldfinch: Twin room with en-suite and excellent views.
Room 6 - Woodpecker: Family room with double bed, single bed and en-suite.
Room 7 - Skylark: Single room with en-suite.

Third floor with:

Attic room with sky light, currently used as a workshop.

External with:

Rear enclosed garden area with patio.
Garage.
Car parking area with 3 x spaces.

All guest rooms have television, radio alarm clock and hot drink making facilities.

TENURE
We are advised Freehold.

HOURS
The business is open all year round.

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of 32,000, with a gross profit of approximately 80%.


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