Guest Houses for sale in Cardiff

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Guesthouse - South Glamorgan

Cardiff, South Glamorgan, Wales

  • Freehold Price: £900,000
  • Annual Turnover: £73,318
Seller Reference: BC48409
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Business Description
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Seller Reference: BC48409
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Business Description
• Under its current ownership for 26 years.
• Annual income of £73,318 with a net profit of £29,272.
• Very well-presented throughout with a high standard of decor.
• Freehold with owner’s accommodation.

Very well-presented throughout and ideally located 11-bedroom hotel in Cardiff, a 10-minute walk from Cardiff city centre, Cardiff Castle, and major events and also benefits from having a close proximity to the Millennium Stadium. Freehold 48409

Mayfair Guest House is ideally located close to the city centre of Cardiff on Newport Road (A4161), a 10-minute walk from the city centre and is in close proximity to the Millennium Stadium, Cardiff Motorpoint Arena (formerly the CIA, Cardiff International Arena), Cardiff Castle, Mermaid Quay, Cardiff Sports Village and White Water Rafting in Cardiff Bay, many of Cardiff's Universities, plus many other attractions. The guest house also has good road links to the A470, A48 and M4.

Mayfair Guest House has 11 guest rooms of which 8 are en-suite and offers room only accommodation in modern, clean and comfortable single, double/twin, and family rooms at competitive rates. The turnover is maintained below the VAT threshold at £73,318 and shows a net profit of £29,272

There is potential to convert one of the old dining room on the ground floor back into a dining area, adding breakfasts to the services provided and increasing prices to suit.

The guest house is an attractive three-storey semi-detached building with a Welsh stone facia, ground and first floor bay windows a large patioed front garden with a decorative palm tree and potted box hedging.

Summary. This is an excellent opportunity to acquire a profitable and superbly presented freehold hotel with great potential in the heart of Cardiff close to many major venues, tourist attractions and Cardiff Bay with secure car parking facilities at the rear.

Early viewing is highly recommended.

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