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Superb 4 Star Guesthouse/ Holiday Home. Offers £295.995 For Sale

Caernarfon, Gwynedd
Asking Price:
£295,995 Furniture / Fixtures and Inventory / Stock included
Turnover:
£50K - £100K
Net Profit:
Available on request

£295,995 including fixtures & fittings and stock. (see further on). Valued by Christies for £ 325 000.

Cartref Guesthouse is located in a lucrative trading position within the medieval town walls of spectacular Caernarfon Castle. It is currently run by a manager, is fully operational and ready for take-over on completion of sale. This guesthouse is a fantastic lifestyle business which is in excellent condition and situated in a prime location. This successful business provides a great opportunity for anyone wishing to work for themselves in what is a lucrative business from word go. It has an excellent reputation and enjoys spectacular reviews on trip adviser and booking.com.

The owner has retired and is willing to seriously consider offers for this beautiful house, provided that the buyer is in a position to proceed to purchase quickly.

'Cartref' is a beautiful house with a lovely feel to it. The owners have lovingly developed this guesthouse from a no star business to a 4 star Visit Wales rated guesthouse. It is nestled in an ancient and quiet street; yet is just a couple of minutes walk from both the seafront and the hub of the town centre. Providing everything any new owners or their guests would require. It boasts an elegant external face with lots of flowers in the summer and an enclosed and pretty courtyard at the rear.

Cartref has been sympathetically updated to make it modern and comfortable, however keeping with it's Georgian history. The owners have been very careful to retain its outstanding original features and it's excellent structural condition

It is fortunate in having regular, all year round trading with many returning guests even through the winter; and the business enjoys excellent trading figures.

The business also enjoys an excellent local reputation and receives recommendations from neighbouring, larger hotels and local people. In addition, it has an excellent international online booking system bringing in bookings world wide.

The business is comprised of 6 letting rooms. All bathrooms are newly renovated. All bedroom furniture, bedding and floor covering are new. The crockery, cutlery and other ancillary goods are all of superb quality. There is an ongoing programme of refurbishment to keep everything in the house at its best.

The house also has owners accommodation on the lower ground floor. At the moment the owners let it as such occasionally for £850 per week off season and £1600 per week in high season. Then for £2200 over the Christmas week.

Property information

Property:

Freehold

Living Accommodation:

This self contained one bedroom flat with central heating was created by the present owners:

1 Double Bedroom, approx 10ft x 10.5ft, with separate walk in wardrobe area (5.5ft x 6ft).

Attractive and spacious Lounge/ Dining Room approx 10ft x 17ft with Oak beamed, Inglenook fireplace and stove type fire, blue slate hearth, double glass french windows (second entrance to bedroom,) Tudor style wood blocked wall and full size window and half glass door to the outside leading to blue slate steps to courtyard garden.

Bathroom with Jacuzzi bath, shower over bath, vanity unit with wash hand basin, bidet, w.c.

Hall to stairs leading to ground floor and door into large shelved store room, approx 5.5ft by 11ft Could be used for a kitchen.

Outside - Attractive courtyard.

Location:

This guesthouse is in a much sought after and prime trading location within the medieval town walls of spectacular Caernarfon Castle. The castle is the most popular visitor attraction in Wales. Caernarfon is the administrative centre for Gwynedd and receives many business visitors as well as is central to a thriving tourist population. Cartref Guesthouse is also less than 150 yards from the banks of the picturesque Menai Straight. It is opposite the Isle of Anglesey which offers an array of beautiful waterside walks.

It is just two minutes walk to the town's amenities, shops, visitor attractions, theatre/cinema and restaurants It is also on the threshold of Snowdonia National Park with its many mountain/outdoor leisure pursuits and family activities; and is close to a range of watersports, golfing, sailing and fishing activity centres. It is just 150 yards from the beautiful Menai Straight with its spectacular sunsets.

There are also many beaches and children's activities in the area.

The area is central for walkers, cyclists and bikers and a range of children/family activities.

Premises Details:

This Georgian Town house which has been tastefully refurbished to blend in with is historical character has been lovingly developed by the present owners from 0 star to 4 star rated by 'Visit Wales'. It has full gas fired central heating and is decorated and maintained to a very high standard. The facade of the house has unique stone coving around windows and doors. The polished wooden door is original Georgian and the windows have old hand blown glass panels. A Victorian over-door lamp hangs over the front door and the house is entered across a Welsh Slate door step. At the rear of the house is a pot planted courtyard with a Victorian cobbled floor and an ancient 2.5ft thick stone wall. The rooms also retain many original features including unique Georgian slate fireplaces.

Cartref is fully Fire certificated, electrically certificated and holds the highest award for Environmental Health and Hygiene.

GROUND FLOOR:

Entrance hallway approx. 5.5ft x 10ft with long hall down to kitchen and stairs to three floors and a lower floor. Refurbished and decorated with original Georgian polished wood stair soffits and banister.

Office/PC area with desk and shelves approx 5ft x 6ft. Under stair storage.

Tastefully refurbished and modernised Dining Room with original and rare Welsh slate fireplace, Georgian windows and original skirting boards. Tables and chairs providing seating for 10- 12 persons, serving table.

Large fully fitted kitchen 16 x 11ft, with 2 sinks, terracotta tiled floor, window and glass door with side windows to courtyard garden. A 5-burner, 3 oven and grill Aga range gas cooker, fridge/freezer, washing machine, dishwasher, dryer, microwave, toaster.

FIRST FLOOR:

First floor landing with access to:-

1 Double Bedroom overlooking cobbled street, original black Welsh slate fireplace with decorative black caste iron inset, Georgian windows, en-suite bathroom with bath, shower over bath, w.c. and wash hand basin, shelved storage cupboard.

1 Twin Bedroom overlooking rear, planted courtyard, easy access en suite corner shower room with shower, w.c. and wash hand basin

1 Family/Double/twin Bedroom (1 double plus 1 single bed), en suite bathroom with bath, shower over bath, w.c. and wash hand basin , window overlooking courtyard garden and unique second window with Edwardian wooden shutters.

Fire proofed shelved, linen storage cupboard.

Stairs to second floor

SECOND FLOOR:

1 Single Bedroom with sloping roof, modernised and tiled Edwardian wash stand with modern plumbed in hand-wash basin (potential to create a shower room and incorporate bathroom into one of the other rooms and so make all rooms en-suite.)

1 Single/Small Double Bedroom with modernised and tiled Edwardian wash stand with modern plumbed in handwash basin and vellux window.

Shared shower room with power shower, w.c. and wash hand basin and arched window.

1 Family/Double/Twin Bedroom (1 double plus 1 single bed), arched window overlooking old street, en-suite shower room with shower, w.c. and wash hand basin

Energy Performance Rating:
D

Business Operation

Expansion Potential:

There is scope to create another guest bedroom should the buyers wish to do so or to expand the personal accommodation. The present owners consider that there is a market for an outside catering operation, especially for the business sector for Gourmet lunches.

Competition / Market:

The guest house is set in one of the most lucrative positions in Caernarfon within the walls of the castle, where there is three other 4 star guesthouses, a 5 star guesthouse and 1 three star bed and breakfast. Also in the town there are 2 budget hotels, a three star hotel, a back packer hostel and the three star Black Boy Inn, the oldest Inn in the area. The relations between the local guesthouses/hotels are excellent and much mutual recommendation and referral happens. There are a number of other guesthouses of varying star rating in and just outside Caernarfon but they do not enjoy the lucrative location of Cartref, which position attracts a lot of passing trade in and out of season. Cartref also has potential to offer evening meals by request and would be one of only a very limited number of guesthouses doing so in the area. (It has an excellent reputation for the quality of its food and the owners would be very willing to assist any potential buyer with its menus and recipes.)

Reasons for selling:

Ongoing illness, retirement and family commitments

Trading hours:

7 days a week for 48 weeks.

Employees:
Manager run with two part time assistants over the holiday season.
Years established:
Approx 17 with 11 of those in present owners hands.

Other Information

Support & training:

Willingness to assist in the handover till new owners are on their feet.

Furniture / Fixtures value:
£8,000 - included in the asking price
Inventory / Stock value:
£2,000 - included in the asking price
Website:
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Related Documents:
Home based:
This business can be run from home.

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