Fri, 06 Aug 2021 | COMMERCIAL PROPERTY
The Cae Mor Hotel on Llandudno’s seafront has been brought to market by Christie & Co for a guide price of £1.25 million. The property, which has more than 20 bedrooms, is being sold on a 99-year lease.
The hotel is a three-star, Best Western property, featuring 23 rooms, 16 of which have sea views. There is also parking space for more than 30 vehicles, an award-winning restaurant, gin bar, garden and two function rooms.
The Victorian property has been significantly refurbished in recent years and is on the market as the current owners are moving on to new projects. The auction comes as the UK’s domestic holiday market experiences a surge in business over the summer, due to Covid-19 related restrictions on international travel.
Tom O’Malley, Associate Director of Christie & Co’s hospitality division, said: “I’m very excited to bring this fantastic hotel to the market. It is the only hotel I am aware of which is on the promenade and features extensive private parking for guests, so we expect it to generate a high level of interest. If you’d like to book a viewing please don’t hesitate to get in touch.”
Current owners Marc and Sheryl Viercant said: “Having spent many years in Llandudno, developing a number of properties, the pandemic has given us the opportunity to look at further projects going forward, and this has prompted us to place The Cae Mor Hotel on the market.
“Over the past 18 months, we have undergone significant works on the hotel, and feel that the time is right to move onto our next project. We are confident that we are passing a great business and property onto the next custodian of The Cae Mor Hotel.”
In the year ending April 5 2020, the hotel generated turnover of £545,788 and, due to a surge in staycation activity, is forecasting that this will rise to around £650,000 for the year ending April 2022.
One of the best ways to find properties below market price is to look at recent administrations.
View the latest distressed UK businesses here.
Well-Established Travel Agency. Double fronted ground floor premises with quality floor, hanging lighting. 2 desks etc. Cloakroom with w.c. & wash hand basin. First floor large storage area. Good trading position, sought after Hampshire Market Town.
LEASEHOLD
This long-established retailer, distributor and brand owner of well-known and trademarked inflatable boats and RIBS, supplies a diverse range of craft into the UK and international pleasure boating, performance recreational and commercial marine mark...
LEASEHOLD
Boat sales, outboard specialist and chandlery now for sale in Exeter. The business retails leading brand-named leisure marine and watersports equipment in-store to the local leisure marine community and trades online via its website and other Interne...
LEASEHOLD
|
24
|
|
Sep
|
Kingswood reveals extensive pipeline of potential UK acquisitions | BUSINESS NEWS
Wealth and investment management group Kingswood has reveale...
|
24
|
|
Sep
|
AGO expands portfolio with acquisition of two Ibis hotels | BUSINESS SALE
AGO Hotels has acquired the freehold interest in two Ibis ho...
|
23
|
|
Sep
|
Lake District B&B up for sale for £1.5m | BUSINESS SALE
The Willowsmere bed and breakfast in Windermere, Cumbria has...
Sign up to receive our acquisition alert emails to get your FREE guide
|
11
|
|
Aug
|
Bestway marketing portfolio of 22 stores for sale | COMMERCIAL PROPERTY
Bestway Retail has tasked Christie & Co with bringing 22 sto...
|
15
|
|
Jan
|
Buyer sought for portfolio of pubs | BUSINESS SALE
Five pubs that formerly operated under the Authentic Alehous...
|
20
|
|
Mar
|
Hotel in Scottish Highlands for sale at knockdown price | COMMERCIAL PROPERTY
The Conon Bridge Hotel, located just south of Dingwall at th...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources