Hotel/guest house for sale in Aberaeron, Dyfed SA46

£695,000
Hotel/guest house for sale
Interested in this property? Call +44 131 268 9615 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 8 Bedroom en-suiite accommodation with independent access
  • Turnover 2019 was £321,158 with an adjusted profit of £96,079
  • Friendly and welcoming 20 cover restaurant
  • The hotel was designed by Ann Hughes interior design

Property description

Reference - 48340

Description
The Castle is situated in a Grade II listed building in the Georgian harbour town of Aberaeron, between Aberystwyth and Cardigan. The hotel is perfectly placed in the town centre near both the river walk up to Llanerchaeron Trail and Harbour Beach - New Quay Trail or Aberarth/Llannon Trail. The restaurant has 20 covers and the café/bar is licenced to accommodate up to 110 customers. There is also space for external seating available.

The current owners have successfully operated Castle Hotel for 16 years and have transformed it into a boutique hotel with an enviable reputation for all services. The turnover for 2019 was £321,158 with an adjusted net profit of £96,079. Due to its location post Covid will see a swift return to normal trading figures and there will always be potential for new owners to grow the business.

The premises comprise of a large open plan café/bar and kitchen on the ground floor, the second floor has the restaurant/dining room and two guest rooms. On the second floor there are 6 guestrooms, storeroom and linen/utility room. The premises are presented to the highest standards throughout and require viewing to be fully appreciated.

Sales
Currently hotel sales average £321,158 approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Thursday 09:00 – 01:00
Friday & Saturday 09:00 – 02:00
Sunday 09:00 – 01:00

Hotel check-in from 14.00 to 22.00
Check-out before 11.00

Staff
Managed by the owners with full/part time staff

Building External
The Castle is an impressive 3-storey Grade II listed Georgian town centre building situated on a prominent corner plot on Market Street, a short distance from the harbour and river.

Building Internal
The ground floor comprises of a large open plan café/bar with dining area, a fully equipped professional kitchen, customer toilets and to the side of the building there is an independent entrance for the guest rooms on the upper floors.

The first floor comprises of a 20-cover restaurant/dining room and two en-suite guest rooms.

The second floor comprises of 6 en-suite guest rooms, a storeroom and utility/linen room.

Residential accommodation
There is no residential accommodation for owners/management available with the current configuration, but this can be changed if new owners wish to reduce the number of guest rooms to accommodate them.

Tenure
We are advised that the property is freehold.

Summary
This impressive immaculately presented and profitable, Grade II listed, 4-star Boutique Hotel, Café/Bar and Restaurant in a prime location near the Harbour of Aberaeron, Ceredigion, Wales, situated between Aberystwyth and Cardigan represents an excellent business opportunity and due to the standard of presentation new owners would have no need to invest in any redecoration or refurbishment. Early viewing comes highly recommended.

Arrange Viewing

For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

Contact Bruce & Company about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

3 more properties like this

View all Market Street commercial properties for sale