Turnkey income with bars, restaurant and letting rooms in central Powys.
29 en suite letting bedrooms across first and second floors
A substantial Victorian stone hotel in the centre of Llandrindod Wells, offered as a commercial freehold with strong existing trading facilities. The property combines 29 en suite letting bedrooms, two bars and an 86-cover restaurant with a well-equipped catering kitchen, delivering a reported turnover of £600,000 p.a. (net of VAT). On-site income is supplemented by a separate retail unit currently let at £5,500 p.a.
Space is arranged for immediate trading: separate public and lounge bars, a large restaurant (operating almost independently), games area and reception. There are two owner/staff flats on the upper floor and a mix of family, twin/double and single letting rooms finished to a high standard. External amenities include a trade garden for approximately 50 covers and a tarmac car park for circa 10 vehicles.
The building is characterful and in very good condition for its age and is not listed, which reduces some restrictions on change of use or refurbishment. That said, the town centre location brings notable constraints: the surrounding area is classified as very deprived with a very high crime rate, and parking is limited. An adjacent parcel of land with potential for extra parking or extended external areas is available by separate negotiation but is not included in the asking price.
This is best suited to buyers seeking an operational hotel/restaurant investment with immediate takings and scope to increase income through leisure, events or improved external trade space. Prospective purchasers should verify trading figures, local licensing and insurance implications given the local area profile, and factor in marketing or security investment to maximise broader appeal.
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