Graham + Sibbald are delighted to bring this impressive and profitable 58 bedroom historic market town hotel, inn, and restaurant to the market. The Hand Hotel which has been owned and operated by our clients since 2001 is situated in the busy and popular market town of Llangollen in North East Wales. The hotel which is located within the town centre overlooking the River Dee at the edge of the Berwyn Mountains also benefits from exclusive fishing rights.
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Location
The hotel is situated in a busy and popular historic market town which is well known for its many tourist attractions including, the renowned Steam Railway, the nearby medieval Castell Dinas Bran, horse drawn boats on the canal as well as the annual international music Eisteddfod which was first established in 1947 and attracts many visitors to the town from all over the world. Visitors are also attracted by the many outdoor activities, such as cycling, hiking, climbing, canoeing, golf, hunting and fishing. We understand from our clients that the property also benefits from its own exclusive fishing rights from land in front of the hotel adjacent to the river.
Accommodation
The property is situated on a large level irregular site of approx. 0.739 acres (0.299 hectares) with an additional area of land on the other side of Church Street, site area approx. 0.306 acres (0.124 hectares) which as previously mentioned has recently been developed to provide a substantial decked area with an external bar providing alfresco seating for summer drinking and dining for up to 100 guests with fabulous views of the River Dee.
Terms
PLANNING We are advised that the property is listed and has a valid consent for its current use. However, we would advise interested parties to make their own enquiries with the local panning authority (Denbighshire County Council) in this regard.
ENERGY PERFORMANCE CERTIFICATE (EPC) We understand that the property is exempt from an energy performance certificate.
ASKING PRICE/SALE STRUCTURE Guide price - £1,900,000 by way of an asset sale of a going concern hotel business.
VAT All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be payable at the prevailing rate where applicable.
Prospective purchasers should consult their accountant/solicitor for professional advice taking into consideration the method of sale