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Moelwyn Restaurant, 27-29 Mona Terrace, Criccieth, LL52 0HG

£635,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • 30 cover bar/restaurant
  • 6 letting rooms
  • Seafront location
  • Planning to convert to residential
  • 3 bedroom owners accommodation
  • Energy Rating C
  • Christie & Co Ref: 5665013

Description

Description

Moelwyn offers six en suite letting rooms with sea views, alongside a 28-seat restaurant, bar, and outdoor terrace. The premises is currently being ran as a lifestyle business focusing on the rooms, providing guests with stunning sea and mountain views.

The property is well-suited for a family-run operation and includes spacious owner accommodation with three bedrooms, two lounges, a kitchen, and a bathroom.

Originally two Victorian townhouses, Moelwyn has planning permission in place for conversion back into two separate residences, presenting a unique investment opportunity.

Location

Criccieth, a charming coastal town in Gwynedd, Wales, is renowned for its scenic seafront, historic landmarks, and welcoming atmosphere. Overlooking Cardigan Bay, it offers breathtaking views and a tranquil setting, making it a sought-after destination for visitors and locals alike.

The town is home to Criccieth Castle, a striking medieval fortress, and features a vibrant selection of shops, cafés, and attractions. With its sandy beaches and strong community spirit, Criccieth provides an ideal location for a restaurant, benefiting from both steady local patronage and seasonal tourist footfall.

Ground Floor

Lounge bar area, restaurant with approximately 30 covers, kitchen, reception area, and terrace with sea views.

Other Floors

Six en-suite letting bedrooms, all with sea views to one side of the building with three-bedroom owners accommodation with sea views to the other

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

External Details

Outside terrace and patio (20)

Owner's Accommodation

Separate three-bedroom owner's accommodation with two lounges, kitchen, and bathroom.

The Opportunity

This property offers a well-appointed hospitality space in a prime coastal location, presenting an excellent opportunity for a new owner to continue or expand its business potential.

Planning Permissions

Planning permission has been granted to conversion to two residential dwellings

Tenure

Freehold

Business Rates

The Rateable Value is £8,900 with effect from April 2023. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises License

Energy Performance Certificates

EPC 1

Brochures

Moelwyn Restaurant, 27-29 Mona Terrace, Criccieth, LL52 0HG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Criccieth Station0.3 miles
  • Porthmadog Station4.1 miles
  • Penychain Station4.6 miles

About Christie & Co, Pubs & Restaurants

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 5665013-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, Pubs & Restaurants. 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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