The Castle Hotel is a historic coaching inn which dates back to the late 19th century, being renowned as the birthplace of Welsh Rugby Union, which was founded in the boardroom in March 1881. The hotel stands in the centre of the market town, Neath in the Borough of Port Talbot, former County of West Glamorgan. The town is just north of Swansea and has a population of 51,000 and is increasing in popularity due to its convenient location and excellent communications. It is within easy motoring distance of not just the City of Swansea but Wales’ capital city of Cardiff.
The hotel has been owned by our clients for approaching seven years and is now being sold due to the demands of their other business interests. During their period of ownership, the Castle Hotel has been completely refurbished and is now a high quality, almost faultless hotel/inn with extensive facilities. On the ground floor, the hotel hosts a large reception hallway, a sports bar with a separate external entrance for 60, an attractive lounge with seating for 40/50 and a well-appointed restaurant for 70 covers. There are two function rooms on this level: The Abbey Suite (112) and Castle Howell Suite (licensed for 102).
Attached to the building but with separate external access is Vicari’s, a wine bar & restaurant appointed to an extremely high standard in contemporary style, providing seating for 100. There is direct access to the main trade garden which includes an enclosed patio and further seating for 40+ customers. The first and second floor levels above Vicari’s hold a considerable amount of open space which is not currently used for any purpose. It is proposed that these areas be converted to a further eight en suite letting bedrooms (subject to planning).
At first and second floors of the hotel are 30 superbly decorated en suite letting bedrooms consisting of 25 doubles, 3 family rooms and 2 suites: “Catherine Jenkins” and “Richard Burton”. A boardroom is also on the first floor, the Centenary Room, being fully equipped with the latest audio visual technology, historically significant in Wales as being the room in which the Welsh Rugby Union was founded on 12th March 1881.
Outside, there is an excellent trade garden and car park located approximately 150 yards from the pub with space for 16 vehicles.
The business has been owned and operated by our clients for seven years and trading accounts for the year ended 31st March 2023 show takings net of VAT of £1,114,221. A healthy level of gross profit of 74% is achieved. We are advised trade is split approximately 40% accommodation, 40% wet sales and only 20% food. This highlights to prospective purchasers the undoubted scope for developing the catering and function sides of the business further.
This is a high quality, well presented extensive hotel which will appeal to multiple operators and individuals alike. To enquire about this property call 01981 250333 or email wales@sidneyphillips.co.uk .
(26th February 2024)