Freehold Hotel, Vale of Glamorgan For Sale

Business description

Bag a Business Ltd is delighted to offer to the market The Knap Hotel, which was established as a hotel in 1991. It has been in the careful ownership of our client since 2000, and during this time continual updating and refurbishment has been carried out to the high standard of guest comfort it enjoys today, including a recent refurbishment of the 45 seater restaurant. The hotel is busy all year round with trade being drawn from business people and contractors working on the conversion of the former holiday leisure site on Barry Island and on new homes an apartments. The nearby Aberthaw Power
Station is undergoing a major refit, expected to take 2 or 3 years, which also attracts business to the hotel. We are led to believe that the University of Wales is to build a new maritime centre on Barry Island in the next couple of years, which may boost trade with contractors during its construction, and with visitors thereafter. The area is also popular with tourists and visitors during the summer months, which increases trade even further. The hotel itself is formed from 3 beautiful Edwardian properties with an abundance of original features. Our client has applied for planning permision to convert the hotel into 4 semi-detached houses, each with 4 bedrooms, and 2 luxury flats, whilst retaining the restaurant. Early viewing of this exceptionally flexible opportunity is strongly recommended.

Property information

Property:

Freehold

Lease terms:

Advised Freehold

Living accommodation:

Property Details A substantial 3-storey hotel formed from 3 brick-built Edwardian properties. Briefly comprising: Ground Floor • Large Reception hall with reception area and desk. • Residents' bar area with seating for 20, picture window overlooking Barry Old Harbour and Sky TV. • Breakfast/dining room with seating for 24 people. • Recently refitted commercial kitchen with: • 6 burner hob and oven. • 2 fryers. • Grill. • Pizza oven. • 2 microwave ovens. • Stainless steel work surfaces. • Preparation area with commercial washing machine, dryer, dishwasher and ice-maker. • Guillano's Restaurant - recently refurbished to a high standard with seating for 45 covers with large wooden doors opening onto a decked area providing seating for a further 20 covers overlooking Barry Old Harbour. • Fully fitted commercial kitchen for restaurant. • Dry store with racking to suit. • Boiler room. • Office which could be converted into an en-suite bedroom. Guest Accommodation • 25 letting guest bedrooms, 17 of which have en-suite facilities, located over 3 floors. Briefly comprising: • 6 family rooms. • 3 double rooms. • 11 twin rooms. • 5 single rooms. • Bathroom with W/C. • 2 separate W/Cs. • All rooms benefit from tea and coffee making facilities and colour TV with 3 Sky channels. Flat Above Restaurant • 2 bedroom flat with en-suite facilities, living room and kitchen. • Currently rented out at £120 per week. External • Car parking to the rear for 8 cars. • Large decked area in the front of the restaurant with seating for 20 people.

Location:

The Knap Hotel occupies a prominent corner position, with many of the guest bedrooms having fine views across Barry Old Harbour, the bay and the adjacent Parade Gardens. The Parade is a beautiful tree lined road just 1½ miles from Barry town centre and ½ mile from Barry Island. Barry is a thriving and growing town just 3 miles from Cardiff city centre with is many tourist attractions and Millenium Stadium. The M4 motorway is within easy distance, there are rail links to Cardiff and Bridgend, and Cardiff International Airport is approximately 3 miles away.

Other information

Trading hours:

Open all year