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Business

£540,000

(£1.00/sq. ft)

Hotel for sale

Marine Terrace, Criccieth LL52
540,000 sq. ft

£540,000

(£1.00/sq. ft)

Hotel for sale
Marine Terrace, Criccieth LL52

    • 540,000 sq. ft

Business

About this property

    Seaside town of Criccieth
    Nine letting bedrooms
    Two bedroom, self-contained owner's accommodation
    Breakfast room/bar (24)
    Residents' lounge
    Close to local attractions
    seller ref 95710

    Criccieth is located on the Llyn Peninsula overlooking Tremadog Bay in the County of Gwynedd. This attractive Victorian seaside town is hugely popular with tourists and is renowned for its two beaches, promenade and traditional Welsh charm. Notable points of interest are Criccieth Castle, Black Rock Sands and the North Wales Coast Path. The town is also within easy reach of Snowdonia, Porthmadog and Portmeirion. Criccieth lies on the A497, the main road from Pwllheli to Porthmadog, and the North Wales coast is accessible via the B4411/A487.

    This Victorian terraced property is configured over four levels. It has a yellow painted exterior under a pitched slate roof.

    Awel Mor is a small, friendly guesthouse which caters for the town’s large tourist population. It is hugely popular with walkers due to its close proximity to the Coast Path and Snowdonia National Park. The business has a 9.6 rating on, a 4.9 rating on Trip Advisor and Google and was awarded ‘most welcoming guest house’ in 2023. Our clients purchased the property in 2019 and it has been subject to much investment since that date with the owner’s accommodation and breakfast room/bar being particular areas of focus. The business offers the perfect work/life balance in a desirable seaside location.

    Our clients currently operate for 8 months each year which leaves scope for a new owner to increase trade. There is also potential to make the 9th letting room available for bookings. Following a formal viewing, full trade accounts may be made available upon request and with consent from our client.

    A full Premises Licence is held for the sale of alcohol to residents only:
    7 days a week, 12:00 - 24:00

    Mains electricity, water and drainage are connected. Lpg for the kitchen.

    Local Authority: Gwynedd Council

    Rateable Value: £5,800

    freehold £540,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

    No direct approach to be made to the business; please direct all communications through Sidney Phillips.

    Viewing strictly by appointment only.

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