Denbighshire Seaside Hotel For Sale

Business description

Rhyl, Denbighshire

Established Business

Tourist Town

30 Bedrooms With Sea Views

Incentive Offered

Development Opportunity

Freehold

Business History:
The Hotel was established more than 50 years ago with the current owners purchasing the business in 1999. They are now looking to retire.

Business Profile:
Seaside hotel with magnificent views over the River Clwyd. 30 comfortable letting rooms, 3 bars, 80 cover restaurant and a Cabaret Club. There is also a 2 bedroomed self contained flat, which is used by the owners. We were unable to view this area at the time of our visit.

Re-Development Potential:
Jolley and Co hold copies of the planning consent for the redevelopment of the Moreville Hotel. Planning permission has been granted to provide Rhyl with it's first four star hotel. The new development will include 61 luxury bedrooms including 5 penthouse apartments, a swimming pool, health & fitness studio, beautification and therapy rooms, conferencing facilities, extended restaurant, modern entertainment venue and nightclub. Details of the "Certificate Of Decision" can be obtained from Jolley & Co.

Main Entrance:
Double fronted entrance leading into:-

Reception Area:
Carpet flooring, wood panelled reception room, wood panelled ceiling, spot lighting and gas heater. Door leading to:-

Residents Bar:
Pendant lighting, carpet flooring, seating, television, gaming machine and a pool table.

Dining Room:
80 covers, carpet flooring and pendant lighting.

Office:
Fluorescent strip lighting.

1st Floor:-:
Stairs leading to:-

Cabaret Club:
Spot lighting, modern leather couches, maple sprung dancefloor, fully equiped bar, carpet flooring and a DJ booth equiped with vinyl and CD player, mixing deck and speaker system. This area also includes a ladies and gents toilets and a changing room for performing acts.

Kitchen:
Fluorescent strip lighting, vinyl flooring and fitted cupboards

Accommodation:
There are a total of 30 letting rooms all with seaviews. 15 rooms have en Suite bathrooms.

Lower Ground Floor:-:
Stairs leading down to:-

Vintage Bar:
Carpet flooring, spot lighting, bar, several T.V's, pool table, wood beam ceiling, ladies and gents toilets, a T.V. projector and screen.

Electric Cupboard:
This was locked at the time of our visit.

Store Room:
Fluorescent strip lighting and vinyl flooring.

Refridgerated Beer Cellar:
Flurescent strip lighting.

Cold Storage:
Pendant lighting.

Kitchen:
Fluorescent strip lighting, vinyl flooring and several stainless steel work benches.

Yard:
Freezer and several car parking spaces for staff.

Staffing:
There is a mixure of 30 full and part/time staff.

Fixtures & Fittings:
A full schedule of fixtures and fittings will be provided for interested buyers.

Property information

Property:

Freehold

Lease terms:

Financial Profile:
The vendors will be pleased to discuss all of the financial aspects of the business with prospective purchasers.

Tenure:
Freehold. Jolley & Co have not examined any title documentation and a buyer must arrange for their solicitor to verify that this information is correct. The Vendor is happy to issue the prospective purchaser with a gifted deposit of 30% of the agreed sale price.

Price:
£2,200,000 for the goodwill, freehold property & fixtures and fittings. The Vendor is happy to issue the prospective purchaser with a gifted deposit of 30% of the agreed sale price.

Living accommodation:

Accommodation Included.

Location:

Location:
The Morville is situated on East Parade in the seaside resort of Rhyl. Rhyl is a popular holiday destination, in the county of Denbighshire at the mouth of the River Clwyd. Rhyl has long been a popular tourist destination for people all over the North West of England as well as those living in Wales. With good links between Manchester, Liverpool, London and Ireland, Rhyl is more accessible now than it has ever been.
European funding, secured by the Welsh Assembly Government, has produced millions for the development of Rhyl's seafront.

Other information

Trading hours:

Opening Hours:
The Morville Hotel is open 24hrs and is licenced to sell alcohol until 3am.