Leasehold Hotel For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this popular and well established hotel/guest house business in such an enviable trading location within Llandudno. The Merrydale Hotel has ten letting bedrooms in addition to private living accommodation. It occupies a substantial period property with double glazing throughout and a full fire alarm system installed. Currently annual turnover is £55,000, on a bed and breakfast basis only. This is a particularly attractive purchase as the business can be run by a couple without the need for additional staff. Alternatively there is scope and internal configuration to extend the food operation if desired. The business is highly regarded throughout the area and benefits from much repeat business. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Rent: £15,000 per annum

Living accommodation:

Substantial period property with 4 storeys, 10 letting bedrooms and private owner's accommodation. GROUND FLOOR Main entrance Hallway Lounge area Dining room with 18 covers Bar area Kitchen with 8-burner range, fitted wall and base units, upright fridgefreezer and dishwasher Laundry room Office Private owner's accommodation Lounge Double bedroom W/C with walk in shower Door to enclosed sun terrace and patio FIRST FLOOR 3 single bedrooms with W/C Double bedroom with en-suite shower room, W/C, sink and seating area W/C Shower room SECOND FLOOR 2 double bedrooms with en-suite shower room, W/C and sink THIRD FLOOR 2 double and single bedrooms with en-suite shower room and W/C FOURTH FLOOR Double bedroom with Orme view Bathroom with walk in shower, W/C and basin EXTERNAL On street parking to the front enclosed rear yard 2 x coal stores

Location:

The Merrydale Hotel is located in a prime trading location on Chapel Street within the centre of the famous seaside town of Llandudno in North Wales. Chapel Street is the most popular bed and breakfast street in the town, being a short walking distance to the town centre and the Victorian Promenade, with stunning views over Llandudno Bay and the famous pier. It is uniquely located between the Great and Little Orme with wonderful beaches. Llandudno has an array of modern and sophisticated attractions yet has lost none of its Victorian and Edwardian splendour. Merrydale Hotel is just minutes away from the main A55 expressway, linking Holyhead to Chester and on to the M56 motorway.