The hotel has been owned by the present owners for some twenty years, and although it is in need of some restoration it presents a fantastic opportunity for a buyer, either to build the business or to convert the freehold into 16 luxury apartments with fantastic views, plus 5 commercial units on the ground floor.
The property is centrally located with one of its walls being part of the ancient City Wall. The area is also under-going significant investment: next door McCarthy & Stone are building 40 retirement apartments and around the corner Premier Inn is building a hotel with 70 rooms.
The hotel provides accommodation in 21 ensuite rooms with a further 9 rooms that are currently not renovated.
On the ground floor there is circa 4,500 square feet of space comprising, reception, a magnificent 60 seat dining room, two licensed bars and kitchens and storage. The basement is circa 1,000 square feet in area and would be perfect for either a nightclub or licensed bar.
Across the road and only a few paces away are 60 pay & display car spaces available for guests of the hotel.
The vendor works occasionally in the business on a strategic level and is responsible for marketing
The business has only tentatively embraced technology and this is an area for considerable opportunity. The website is fairly basic and again the updating and refreshing of the website and all social media would provide considerable benefits.
Support & Training:
The current owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new owners, though as the business has a very capable structured team in place
Location Details: Tenby, Dyfed, SA70 7EU South Wales
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