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Country house hotel for sale in Cardigan

Aberporth, Cardigan, Ceredigion, SA43 2BS | Ref: 94305
For sale
£1,300,000
sidney-phillips
This property is marketed by:
Sidney Phillips

KEY FEATURES

  • Glorious Reception Rooms
  • Bar & Restaurant
  • 24 high quality en suite Letting Bedrooms
  • Leisure Suite with two Swimming Pools
  • Turnover £470,261 per annum net of VAT
  • 24 Acres (4.4 acres freehold)

LOCATION

The seaside village of Aberporth stands in its own cove with a feature sandy beach which has Blue Flag status. The community has a population of 2,374 and stands on the Wales Coastal Path on the southern end of Cardigan Bay. Aberporth is six miles north of Cardigan and 10 miles south of the tourist mecca of New Quay.

The Penrallt Country House Hotel is located just outside the village in an elevated position commending views across the beach and Cardigan Bay. It is an elegant three-storey Edwardian gentleman’s residence, in “arts & crafts” style and with the many period features and quirks one would expect with a property of this age and quality.

The property stands in 24 acres of grounds and in addition to the hotel and accommodation has a separate leisure suite (not currently used, but which could be a considerable asset subject to further investment). The property is briefly described as follows:-

TRADING AREAS

The ground floor trading reception rooms are arranged off a feature entrance hallway which has parquet flooring throughout, and a reception desk and office beyond. Also off this hallway is a spacious and comprehensively equipped CATERING KITCHEN with additional service rooms. LADIES & GENTLEMENS TOILETS.

The terraced BAR is “U” shaped and has high polished mahogany counters on two sides which are partially separat- ed by a glazed screen. There are leather upholstered tub chairs and tables to comfortably seat 40 or so customers. Access via French doors onto adjacent terrace and lawned gardens.

Elegant RESTAURANT for approximately 55, with parquet flooring, two feature bay windows, fireplace with Art Deco enamelled tile surround. RESIDENTS LOUNGE which is a “Jewel” in the building, having beautifully panelled walls and parquet flooring throughout. Feature fireplace with Art Deco enamel tiled back fitting.

TENURE & PRICE

LEASEHOLD offers around £1,300,000 to include goodwill and fixtures & fittings. Stock at valuation in addition.

The property is held on a 125 year lease which commenced in 2014, with a ground rent of £7,000 per annum which is fixed for the term. The freehold of part (4.4 acres) of the pastureland is owned by our client. No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.