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ref: 210200

Hotel and restaurant in Criccieth for sale

Available
Marketing
Price
Offers Around £565,000 (€644,383 approx)
Location
Marine Hotel, Castle Street, Marine Crescent, Criccieth, LL52 0EA
Property Type
Hotels
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KEY FEATURES



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Profitable hotel and restaurant located within busy coastal town
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15 en suite letting bedrooms, licensed bar (30), restaurant (48) and function room (80)
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Outdoor patio/dining space with sea view, spacious 2 bedroom owners' apartment
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2017/2018 turnover £186,450 with adjusted operating profit of around £108,000
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EPC Rating - C

DESCRIPTION


Located in the stunning coastal town of Criccieth is Marine Hotel, a privately owned and operated commercial hotel with stunning sea views to Cardigan Bay. The hotel operates with 15 en suite letting bedrooms, many with sea views and offers guests and locals a fully licensed bar and restaurant where they will be greeted by more beautiful sea views, a real open fire and a friendly atmosphere. In addition, there is a conservatory lounge and an outside patio/dining space to provide additional covers in the warmer months and a meeting/function to accommodate up to 80 delegates. The owners also have the benefit of a spacious two bedroom apartment which is located on the second floor.

The Marine Hotel is prominently situated within the small town of Criccieth, an ideal location for exploring both the Llyn Peninsular to the west with its gentle rolling hills and quaint seaside towns or soaring to the majestic heights of Snowdon National Park to the east, with its outstanding natural beauty and lakes. The area attracts thousands of visitors drawn to the breath-taking views, tourist attractions, numerous steam railways, many golf courses and coastal path which passes through the center of Criccieth. All of these guarantee a steady flow of trade throughout the season.

After acquiring the hotel in 2007, the current owners embarked on a refurbishment programme to improve the public areas of the building and the bedrooms which are now tastefully presented throughout. Trade has significantly improved over their 10 years with the business enjoying a year on year increase in turnover and healthy profits with plenty of opportunity for a new owner to further develop trade if required. However, now choosing to retire, the owners have decided to sell the Marine Hotel, offering an incredibly lucrative opportunity to its next owners.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 22/10/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499