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CEREDIGION - COASTAL TOWN PUB/HOTEL
South Road, Aberystwyth, Cardiganshire, SY23 1JW
Ref: 45243
Asking Price
£450,000
Freehold
Key Features
Precis
An attractive three storey Victorian property of red brick construction with feature parapet roof line, which has a wealth of period charm including the most original style bars in the town. Surprisingly the property is not Listed. It is an extremely well presented property, well maintained during our clients 35 years of ownership.
Location
The coastal University town of Aberystwyth stands at the central point of Cardigan Bay on the West/Mid Wales coastline. The town has a population of just over 18,000 but is boosted to 30,000 during University term time when the students are in occupation. Furthermore, due to tourism in the area the summer months see a large influx of holidaymakers.
Whilst Aberystwyth is not the County Town of Ceredigion, it is its biggest settlement, and is the location of the main Council Offices and of Dyfed Powys Police. Therefore beyond the economics of tourism and the University there is a natural level of indigenous commerce. Aberystwyth has a bustling town centre with an extensive hospitality industry, attracted in part by the feature Victorian promenade, sea front and pier. From its upper floors the Castle Hotel has a view of the sea front towards South Beach, and is within a few hundred yards of the town’s harbour and the mouth of the River Ystwyth.
The Castle Hotel is an attractive three storey Victorian property of red brick construction with feature parapet roof line, which has a wealth of period charm including the most original style bars in the town. Surprisingly the property is not Listed. It is an extremely well presented property, well maintained by our clients 37 years of ownership, and is briefly described as follows:-
Whilst Aberystwyth is not the County Town of Ceredigion, it is its biggest settlement, and is the location of the main Council Offices and of Dyfed Powys Police. Therefore beyond the economics of tourism and the University there is a natural level of indigenous commerce. Aberystwyth has a bustling town centre with an extensive hospitality industry, attracted in part by the feature Victorian promenade, sea front and pier. From its upper floors the Castle Hotel has a view of the sea front towards South Beach, and is within a few hundred yards of the town’s harbour and the mouth of the River Ystwyth.
The Castle Hotel is an attractive three storey Victorian property of red brick construction with feature parapet roof line, which has a wealth of period charm including the most original style bars in the town. Surprisingly the property is not Listed. It is an extremely well presented property, well maintained by our clients 37 years of ownership, and is briefly described as follows:-
Property
TRADE AREAS
GROUND FLOOR : BAR with seating for 60+ customers, arranged around a CENTRAL BAR SERVERY. Seated and GAMES AREA. LADIES & GENTLEMENS TOILETS. Extremely large CELLAR running the entire “footprint” of the property, having good ceiling height including three/four section BEER CELLAR, lockable wine & spirits cage and extensive storage. Delivery access from the side of the premises and it has always been considered that part of the cellar could be converted to provide kitchen facilities if required.
FIRST FLOOR : OFFICE (previously a letting bedroom with en suite facilities).
LETTING ACCOMMODATION
FIRST & SECOND FLOORS : 9 high quality en suite LETTING BEDROOMS (4 premium doubles, 2 super kings with sea views, 2 super king de luxe, 1 standard double). Four of the bedrooms are located on the first floor and five on the second floor.
GROUND FLOOR : BAR with seating for 60+ customers, arranged around a CENTRAL BAR SERVERY. Seated and GAMES AREA. LADIES & GENTLEMENS TOILETS. Extremely large CELLAR running the entire “footprint” of the property, having good ceiling height including three/four section BEER CELLAR, lockable wine & spirits cage and extensive storage. Delivery access from the side of the premises and it has always been considered that part of the cellar could be converted to provide kitchen facilities if required.
FIRST FLOOR : OFFICE (previously a letting bedroom with en suite facilities).
LETTING ACCOMMODATION
FIRST & SECOND FLOORS : 9 high quality en suite LETTING BEDROOMS (4 premium doubles, 2 super kings with sea views, 2 super king de luxe, 1 standard double). Four of the bedrooms are located on the first floor and five on the second floor.
The Business
Accounts for the year ended 31st March 2024 showed takings net of VAT of £246,000. Trade is split almost exactly 50% bar sales and 50% food sales and, due to the amount of accommodation income a very healthy level of gross profit is achieved (73%). This is an extremely well presented, successful, well established pub and hotel located in this renowned seaside town. It is being sold purely because of our clients desire to retire.
Tenure
FREEHOLD £450,000 to include to include fixtures, fittings and goodwill. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
Under the terms of the Premises Licence the business is permitted to retail alcohol between 11 am and 2 am Sunday to Thursday and 11 am and 3 am Fridays and Saturdays.
Services
All mains services are connected. Gas fired Central Heating.