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Castle Hotel, South Road, Aberystwyth, Ceredigion, Mid Wales, SY23

£450,000

Business rates & charges may apply

Sidney Phillips Limited, Wales
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SECTOR

Pub for sale

USE CLASSUse class orders: A4 Drinking Establishments and Sui Generis

A4, sui_generis_3

Key features

  • West Wales Coastal Town Pub/Hotel
  • Elegant Victorian Property of outstanding character
  • Open plan feature Bar (60)
  • 9 high quality en suite Letting Bedrooms
  • Turnover £289,000 net of VAT (50% accommodation)
  • For sale after 35 years in same owners hands
  • Retirement Sale

Description

The coastal University town of Aberystwyth stands at the central point of Cardigan Bay on the West/Mid Wales coastline. The town has a population of just over 18,000 but is boosted to 30,000 during University term time when the students are in occupation. Furthermore, due to tourism in the area the summer months see a large influx of holidaymakers.

Whilst Aberystwyth is not the County Town of Ceredigion, it is its biggest settlement, and is the location of the main Council Offices and of Dyfed Powys Police. Therefore beyond the economics of tourism and the University there is a natural level of indigenous commerce. Aberystwyth has a bustling town centre with an extensive hospitality industry, attracted in part by the feature Victorian promenade, sea front and pier. From its upper floors the Castle Hotel has a view of the sea front towards South Beach, and is within a few hundred yards of the town's harbour and the mouth of the River Ystwyth.

The Castle Hotel is an attractive three storey Victorian property of red brick construction with feature parapet roof line, which has a wealth of period charm including the most original style bars in the town. Surprisingly the property is not Listed. It is an extremely well presented property, well maintained by our clients 37 years of ownership, and is briefly described as follows:-

TRADE AREAS
GROUND FLOOR : BAR with seating for 60+ customers, arranged around a CENTRAL BAR SERVERY. Seated and GAMES AREA. LADIES & GENTLEMENS TOILETS. Extremely large CELLAR running the entire "footprint" of the property, having good ceiling height including three/four section BEER CELLAR, lockable wine & spirits cage and extensive storage. Delivery access from the side of the premises and it has always been considered that part of the cellar could be converted to provide kitchen facilities if required.

FIRST FLOOR : OFFICE (previously a letting bedroom with en suite facilities).

LETTING ACCOMMODATION
FIRST & SECOND FLOORS : 9 high quality en suite LETTING BEDROOMS (4 premium doubles, 2 super kings with sea views, 2 super king de luxe, 1 standard double). Four of the bedrooms are located on the first floor and five on the second floor.

Castle Hotel, South Road, Aberystwyth, Ceredigion, Mid Wales, SY23

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Aberystwyth Station0.3 miles
  • Bow Street Station3.1 miles

About Sidney Phillips Limited, Wales

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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