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Old Kings Arms Hotel, 13 Main Street, Pembroke, Wales, SA71 4JS

Guide Price
£795,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

Ask agent

SECTOR

Pub for sale

Key features

  • 200 Yards from Pembroke Castle
  • 17 Excellent En-Suite Bedrooms
  • £730,364 net sales - 12% increase YOY
  • Courtyard Garden & Car Park
  • 3 Bed, 2 bathroom, Owners Accommodation
  • Three separate trading rooms, Energy rating Exempt
  • Christie & Co Ref: 3440565

Description

Description

This imposing Grade II Listed stone built property has been in the same family since 1953 and offers an outstanding opportunity for new owners to benefit from an established business with an excellent reputation. The property is presented to a high standard and all rooms have undergone redecoration over the past few years. This is a genuine retirement sale and offers a wonderful opportunity.

Location

The Old Kings Arms Hotel & Restaurant is situated on the main street of Pembroke, only 200 yards from the famous Pembroke Castle. The historic town of Pembroke is an extremely popular destination for tourists, with its many attractions and central location to the variety of lovely beaches in the area. The town offers a good range of amenities, local shops and schooling.

The area is also an important hub for power supply facilities including the Valero Petroleum Refinery and Pembroke Dock Power Station which create considerable business throughout the winter months.

Ground Floor

The property offers two entrances, one from the main street in to the bar and restaurant areas, and the other to the rear from the car park into the reception area.

The Lounge Bar (circa 25 covers) is situated to the front of the property and offers a bar servery area, carpeted flooring, beamed ceilings and exposed stone walls.

The Kings Bar & dining area (circa 30 covers) has a fully fitted bar area, fireplace and beamed celling.
The Restaurant (circa 30 covers) is located to the rear and benefits from a mix of flagstone and solid wood floors, beams and a log burning fireplace.

The commercial catering kitchen is spacious and well equipped with a walk in fridge and freezer and a preparation area.

There are also customer bathrooms and a staff room.

Other Floors

Located on the 1st Floor is a lovely restaurant/ function room (circa 25) offering a feature fireplace, bay window overlooking the town centre, carpeted floors, beams and access to bathrooms.

The Residents' Lounge is also situated on the 1st Floor and consists of a bar servery, feature fireplace and carpets.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale and an inventory will be supplied to interested parties.

Letting Accommodation

17 en-suite letting bedrooms are situated over two floors and have been recently redecorated to a good standard. The rooms are extremely popular with tourists throughout the summer season and our clients have also built up a strong relationship with local businesses who supply a constant all year round trade.

External Details

To the rear of the property is a courtyard garden area for 16 customers, as well as a car park for 20 cars.

Owner's Accommodation

The owners' accommodation is set over two floors and consists of two en-suite double bedrooms, study, lounge, a fully fitted kitchen, and utility area.

The Opportunity

This is the first time on the market for 70 years, having been trading within the same family, and is a long established and well known business in an historic building located in the heart of the historic town of Pembroke. The Kings Arms Hotel has a repeat clientele enabling new owners to use this platform to develop and grow new business coming into Pembroke since obtaining freeport status.


The freeport status offers significant potential - between Port Talbot and Pembroke there is an estimated £4.9 billion in public and private investments, with the potential to create around 20,000 jobs by 2030. There will be significant demand for hospitality within the local town and a fantastic opportunity for a new owner to capitalise on the huge predicted increase in local footfall.

Staff

A full staff list will be made available following a formal viewing and completion of a Non-Disclosure Agreement.

Trading Information

We are advised turnover for year ending Sept 2022 was £730,364 (net of VAT).

Tenure

Freehold.

Business Rates

We understand the Rateable Value is £49,500 (52.6p rates payable in the £). Purchasers should verify this information with the Local Authority.

Regulatory

Premises Licence

Energy Performance Certificates

EPC 1

Brochures

Old Kings Arms Hotel, 13 Main Street, Pembroke, Wales, SA71 4JS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pembroke Station0.5 miles
  • Pembroke Dock Station1.5 miles
  • Lamphey Station2.0 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3440565-fh. 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 Christie & Co, Hotels. 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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