The Paddocks Hotel, a Wye Valley country house hotel, has been sold through licensed property specialist Sidney Phillips.
The Paddocks Hotel is situated in the riverside village of Symonds Yat, an internationally renowned and a very popular tourist location. It stands in the Wye Valley and straddles the River Wye on the borders of the counties of Herefordshire and Gloucestershire on the edge of the Forest of Dean. It is located just off the A40 dual carriageway trunk route which provides an excellent communication link with South Wales and the Midlands.
The property itself is a substantial hotel originally constructed in 1900 but subsequently extended in the ‘Art Deco’ period which has resulted in its distinct appearance. It offers spacious trading facilities including bars, restaurant and ballroom for over 250 patrons with 26 immaculately presented en-suite letting bedrooms. In addition there is good owners accommodation and outstanding garden with decking area and 100 capacity car park.
Held on a free-of-tie lease agreement, the business is known as having a specialist reputation in catering for block bookings related to the ballroom dancing circuit. The business has now been purchased by operators from Hertfordshire with the vision of increasing the ever-growing occupancy levels.
Sidney Phillips sold the Leasehold interest of The Paddocks Hotel off an asking price of £95,000.
For further information about hotels for sale or how to buy a business, please contact Sidney Phillips on 01981 250333 or please click here.