Public Houses for sale in Aberystwyth

View the "A rare opportunity to acquire a prominent and substantial Licensed public house and restaurant with letting rooms and residential accommodation in the town centre of Aberystwyth" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

A rare opportunity to acquire a prominent and substantial Licensed public house and restaurant with letting rooms and residential accommodation in the town centre of Aberystwyth

Aberystwyth, Ceredigion, Wales

  • Freehold Price: £625,000
  • Annual Turnover: £468,000
Seller Reference: Cambrian Hotel
Request DetailsEmail email
Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
Image 1 of 13 video_library
Seller Reference: Cambrian Hotel
Request Details
Business Description
The business has been run by the existing proprietor for over 37 years and is only reluctantly offered for sale due to retirement. The business is diverse with income currently being received from the bar,restaurant, function room and the letting of the two three bedroomed flats to students. The business is currently run by the proprietor and her daughter and three full time chefs and a variety of full and part time staff.

The business trades as a freehouse with the trade broadly split wet(and machines) 63%, food 32% and letting rooms 5%. The business benefits from established local trade,students and is supplemented by the tourist trade. There is significant potential for further utilisation of the function room at first floor level which is not a public area.

The turnover for the year ending 31st of March 2018 was approximately £468,000. Further financial information including audited accounts are available from the selling agents upon request.

DESCRIPTION
The property has remained in the current ownership for approximately 37 years and is only reluctantly offered for sale due to the retirement of the vendor.
The property comprises of a substantial imposing property sitting on a total site area of approximately 0.11 acres. The Cambrian Hotel is a combination of two substantial Victorian properties with a modern rear extension. The property trades as a licensed bar/restaurant with letting rooms and a managers flat and residential accommodation that is currently in use as student flats.

The largest element of the original Cambrian Hotel benefits from return frontage onto Alexandra Road and Union Street. This comprises of the main public bar area and restaurant on the ground floor. The bar has a capacity of 120 and the restaurant has capacity for 70 covers. The upper floors provide the 12 letting rooms,a function room, offices and the managers flat. This part of the property is four storey and is of brick construction under a slate roof cover.

At the rear of the property there is a three storey later extension which was built approximately 15 years ago. This provides on the ground floor a rear extension of the bar(pool/games room), public toilets and part of the kitchen. On the upper floors there are two three bedroom flats which benefit from a separate access off Union Street. The vendors maybe willing to consider retaining these as part of any sale, further details available from the selling agents upon request. The property is of traditional cavity construction and a part tiled and part flat roof cover.

The ground floor of the main part of the property trades as a licensed bar accessed directly from Alexandra Road along with the adjoining Le Figaro restaurant. Le Figaro offers a split level restaurant with its own kitchen and separate bar servery.

The property would lend itself to a variety of uses including continued use as a licensed premises and restaurant and conversion of the uppers to residential or student accommodation and its potential can only be fully appreciated after undertaking an inspection of the same.
Tenure:
Freehold
Is accommodation included?:
Yes
Number of bedrooms:
12
Location Details:
The property is prominently situated fronting at the junction of Alexandra Road with Union Street in the town centre of Aberystwyth. The property is located opposite the town’s railway station and falls close to Aberystwyth's large bus station and local taxi rank. It is in close proximity to Wetherspoons and a retail development comprising amongst others Matalan, Marks and Spencers and Tesco.
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Note: Please select your full postcode from address menu

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder image
loder image