Central Promenade Shelbourne Hotel For Sale

Business description

Beautifully presented hotel in an excellent location on Central Promenade.

15 en suite letting bedrooms, owners' accommodation and private car park. Run under management. Good profits on net t/o £237,636. The Shelbourne Hotel is situated in a prominent position in the middle of Central Promenade. It is extremely well presented throughout with 15 en suite letting bedrooms and spacious and attractive public rooms. The hotel also offers a comfortable two bed annexe to the rear for the owners, which also incorporates manager's accommodation. Situated along the promenade and within walking distance of both the town centre and the North Wales Theatre, the Shelbourne has a superb trading position. Llandudno is Wales' largest resort, nestled between the headlands of the Great and Little Ormes. It has retained its Victorian elegance, while introducing many attractions, such as a tramway and cable car. Access to the region from densely populated centres in England is facilitated by the A55 Expressway, which provides the resort with excellent links from the motorway networks. Snowdonia National Park is also within reach. The present owners purchased the Shelbourne Hotel in 2004, and since then have continued to improve the standards of the hotel. They have increased turnover year-on-year since that date, and the hotel has been run under management. Having taken on another project the owners are now looking to dispose of this hotel to enable them to concerntrate on another project.

THE PROPERTY
The hotel, which originally built around the turn of this century as an end of terrace is now linked to the adjacent property with a single storey area which forms the reception/bar. The property is of handsome rendered construction on four floors with basement under a pitched slate covered roof. The property has three attractive three storey bay to the front.

PUBLIC AREAS
Access from the front on the left side to the reception area which has reception desk and a small office. There is also separate access from the rear car park. Tastefully appointed residents bar/lounge with bar servery, which is easily accessed from the reception desk. To the lower ground floor there are two spacious and well presented restaurant areas (28 & 14 covers respectively).

LETTING BEDROOMS
15 Letting Bedrooms to sleep 32 (7 double, 4 twin, 3 triple and 1 single) all en suite. The letting bedrooms all have central heating radiator, tea and coffee making facilities, TV, telephone and hairdryer.

OWNERS' FLAT
The owners' flat is situated in an annexe to the rear which is detached. This consists of living room, two bedrooms, kitchen and bathroom. Also there is a laundry room and store, together with Manager's accommodation below.

SERVICE AREAS
Well equipped professional kitchen and still room.

OUTSIDE
The hotel has a prominent position overlooking the promenade and is well located for the town centre. The property itself has private car park to the rear to accommodate up to 14 vehicles. There is a further parking area which is currently let to an adjacent hotel and produces an income of £1000pa.

SERVICES
Conwy County Borough Council at Conway. Mains gas, electricity, water and drainage. Gas-fired central heating. There is a 3 person passenger lift serving all floors.

LICENCE
Premises Licence

TRADE
Management figures supplied by the owners in respect of the year ended 30 September 2007 show trading profits of £46,313 on (net) turnover of £237,636 up from £219,555 in the previous year.

PRICE
Offers around £650,000 for the leasehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

TENURE
The hotel is held on a long lease from the Mostyn Estate for a term of 999 years from 1947 (approx. 938 years unexpired) at a rental of £16.00 pa. fixed.

DIRECTIONS
Conway 3 miles, Colwyn Bay 5, Chester 47, Shrewsbury 81, Manchester 86 and London 235 miles. Take junction 19 off the A55 (signposted Llandudno A470). Follow this road into the town centre and turn right onto the promenade. Once on the promenade the hotel will be clearly seen 50 meters on the right hand side. Car park is at the rear of the hotel.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Leasehold