12 bedroom guest house for saleThe Abereistedd Hotel,West Parade,Criccieth,LL52 0EN
- Business for sale
- Use class orders: C1 Hotels
From its wonderful seafront location on the West Parade, The Abereistedd boasts a superlative position overlooking Cardigan Bay. The guest house was originally the main farm house of the Abereistedd Estate and is a wonderful Victorian property dating back to the 19th Century. Though the building was converted into a hotel in the 1970s it has retained much of the charm of the bygone era and has gone on to acquire a reputation as one of the most welcoming 4 Star guest houses in Criccieth.
Criccieth itself is a beautiful and historic town located on the Llyn Peninsular - the finger of land pointing towards Ireland in the northwest corner of Wales. As a result of its position, the quaint coastal town not only boasts magnificent southerly views across the bay but is also blessed with the equally stunning backdrop of Snowdonia National Park. The town itself is a bustling place which thrives on an ever-increasing tourist trade. Said to enjoy a micro-climate of its own, Criccieth enjoys visitors all year round, although it is undeniably busy in the summer months. One of the main draws is the imposing Criccieth Castle which stands on the headland above the town and has long been a prominent landmark in North Wales. Along with easy accessibility by car, train or bus from most major cities ensures Criccieth's position amongst the most visited and most loved destinations in Wales.
The current owners acquired the business in 2003 and have invested a great deal of time, love and money into the project, establishing a thriving and easily run bed and breakfast operation, and which they choose to trade for seven months of the year. Unfortunately, due to ill health however, they have decided to sell the business thus creating an excellent opportunity for a new owner to further take advantage of The Abereistedd's key position or simply to enjoy it as the current owners have.
Built in the late 1890s, this attractive, double fronted detached house is of rendered construction under a pitched slate roof. The property is set in a conservation area and accommodation is laid out over ground, first and second floors.
From the main entrance and car park, doors lead into a bright and welcoming reception area. To the left is a spacious and sunny lounge with plenty of comfortable seating making it an ideal place for guests to relax. To the rear of the lounge is a fully stocked bar with separate seating area. The well-proportioned breakfast room has seating for around 28 and its layout ensures that all guests can admire the wonderful views of the bay.
12 letting bedrooms to sleep 25 (6 double, 2double/twin, 2 single and 2 family room). All bedrooms have central heating, coffee and tea making facilities and flat screen TV.
The owners benefit from a newly decorated en suite double bedroom and also have a private comfortable lounge situated on the ground floor.
Large and well-equipped stainless steel kitchen complete with wash-up area, fridge freezer, and a classic Aga. Laundry facilities, separate store area and further refrigeration equipment in the out buildings.
The guest house enjoys a prime seafront location at the end of West Parade, benefitting from plenty of passing trade. Immediately to the front and side of the property is a well maintained garden and car park.
Gwynedd Council (01286) 672255.
Mains gas, electricity, water and drainage.
Visit Wales - 4 Star Guest Accommodation
The Trading and Profit and Loss Accounts provided by our clients for the period ended January 2016 shows a (net) turnover of £116,572 with a net profit of £14,897 and EBITDA in the region circa £45,000.
Further trading accounts and information can be made available to any seriously interested parties after viewing.
As previously stated, the owners choose to trade the business for only 7 months of the year, between March and September. In addition, one of the 12 letting bedrooms has been taken by the owners for the 2016 season for their own use and therefore further scope exists to increase turnover and profits by trading this bedroom and also taking advantage of Criccieth's extended season if preferred.
Please note that while the business trades as a bed and breakfast, they also offer evening meals which has had a substantial take-up.
£399,000 for the freehold complete with goodwill and trade contents (according to inventory), but excluding personal items. Stock at valuation.
Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.
Energy Performance Certificates (EPCs)
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