CONWY - BED & BREAKFAST LOCATED ON LLANDUDNO'S NORTH SHORE

Carmel House Hotel is located on Craig y Don Parade in North Wales's most popular seaside town, Llandudno. The property enjoy stunning views of Llandudno Bay and is a stone's throw from Venue Cymru. It is also within easy reach of Llandudno Pier, the Great Orme summit, Happy Valley Botanical Gardens and the town's beautiful beaches. Llandudno is Wales's principle seaside town and sees in the region of 10,000,000 visitors each year on day trips or overnight stays.

Llandudno is within easy reach of Snowdonia National Park and the Llyn Peninsula, and is served by junction 19 of the A55 North Wales Expressway via the A470 which leads directly to the town. The A5 provides links to Snowdonia National Park, whilst rail services from Llandudno Junction Station run along the North Wales coast and to the northwest of England.

The property, which is Grade II listed, is of brick construction under a pitched slate roof. It holds an end terrace, corner plot position. Over the past five years, it has been subject to much renovation and investment, both internally and externally, and now offers modern and spacious accommodation.

Our client has operated Carmel House Hotel since 2018 and has made a significant investment in the business since that date. Renovations have included new windows and doors, a new roof and internal cosmetic work. No expense has been spared on furnishings and decoration. The business is marketed on all major booking portals and room tariffs range from £85 to £105 per night. It enjoys high occupancy levels all year round and much repeat trade. The hotel boasts excellent ratings and reviews on platforms such as Tripadvisor, Booking.com and Google.

Our client advises that net sales are in the region of £180,000 per annum with net profits of approximately 50%, based on operating nine letting rooms and the two bedroom apartment. This leaves scope to increase trade by opening up the tenth bedroom. Pre-planning approval has been sought for a two storey, four bedroom holiday let which our client indicates will increase net turnover by approximately £100,000 per annum.

FREEHOLD £595,000 to include goodwill and fixtures and fittings. Stock at valuation in addition. 

No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.