Guest Houses for sale in Cardigan

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5 Star Gold Guest House with potential to substantially expand. No 1 on Tripadvisor

Cardigan, Ceredigion, Wales

  • Freehold Price: £850,000
Seller Reference: PAX0202238248
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: PAX0202238248
Request Details
Business Description
Cardigans only 5 star gold Licensed guest accommadation boasting 5 double letting rooms, with AA rosette restaurant. Additional three bedroom annex which can either be let or if used as owners accommodation would allow two further bedrooms in main house. All existing bedrooms in main house and annex have ensuite facilities. Externally extensive barn ripe for rennovation (stp) into holiday accommodation. Biomass heating generating income for the business for the remaining 16 years of RHI. The property had significant investment in excess of £500k in 2013 in a complete renovation with everything stripped back to bare walls, with the installation of underfloor heating throughout and full rewiring, networks, fire alarms etc. There has been no expense spared in bringing Caemorgan up to a truly outstanding standard. The Property has been trading since 2013. Caemorgan Mansion Guest House has raft of awards, including best guest accommodation AA 2016, AA 5 star Gold, Tripadvisor, No 1 in Cardigan etc.
Owners now wish to retire. In addition owners have drawn up plans for a significant expansion building to accommodate a Wedding Venue, 6 extra bedrooms, new kitchen and dining area. Although subject to planning, Caredigion planning dept has responded positively to preplanning site meeting. Cardigan has a burgeoning market for weddings which are currently not well served in the area. Significant potential to tap into this lucrative market either by investment in capital building, or starting at a lower scale using marquee in the gardens (outline business plan available). This property has maximum flexibility as a private home with rental from the annexe, or as a current easily managed business with significant potential. There is a wide range of opportunity including development of holiday lets through to fully functioning Wedding and event destination (stp).
Tenure:
Freehold
Is accommodation included?:
Yes
Number of bedrooms:
8/9
Support and Training:
Handover period possible.
Location Details:
Superb Country Guest House on the edge of Cardigan with easy access to Cardigan Bay, Pembrokeshire National park.
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