Licensed property specialists, Sidney Phillips, are marketing the freehold sale of Tan-y-Pistyll on on the Powys/Shropshire/ Denbighshire border in the Berwyn Hills.
Pistyll Rhaeadr is a renowned waterfall and beauty spot which combined with a number of mountain walks attracts thousands of visitors each year. It is approximately 12 miles due west of the Shropshire market town of Oswestry. The subject property, Tan-y-Pistyll, is a multi-faceted hospitality business which offers successful tea rooms, letting accommodation, camp site, commercial car park and toilets, from which it derives a considerable revenue. The buildings have a wealth of charm and is currently only scratching its surface with the business’s full potential in the hands of retiring owners.
The property offers tea rooms (freehold) with seats for 32 covers. At first floor is a self-contained two-bedroom holiday let with separate external access and veranda. Outside is a patioed area with seating for 40 customers. Behind the tea rooms lies a building utilised as a holiday let/Airbnb. Held on a lease from Llangedwyn Estates is the rest of the business offering further facilities. Tan-y-Pistyll cottage is an independent house offering 3 bedrooms, car park and garden. Adjacent to the tea rooms is a car park, and toilet block, with over 40 car spaces and potential to extend. 4 separate paddocks are used as a campsite and stock with 25 well-spaced pitches. A workshop/ablution block is adjacent to the tea rooms and is used by campers. There is a Showman’s Caravan which is let on a commercial basis with its own summer house. Finally, a large field holds a yurt, marquee and static caravan, previously used for functions and weddings.
The Tan-y-Pistyll is for sale at a freehold asking price of £745,000. This includes the freehold of the tea rooms. The house, campsite and other buildings are held on a lease agreement. We are advised the tea rooms and Airbnb lets show takings net of VAT of £90,000, just below the VAT threshold. The income from the car parking and the toilets provides a similar income of £90,000, again beneath the VAT threshold. Over the last two summers our clients have not operated the camp site and the retreat field for commercial lettings due to their increasing age and wish to retire. However, these have previously been very active and profitable parts of the business.
To enquire, please call our Midlands office on 01981 250333 or email midlands@sidneyphillips.co.uk . You can also view the property on our website by clicking here.
(12th August 2024)