Hotel/guest house for sale in Wingfield Hotel & Sports Bar, Wingfield Terrace, Llanbradach, Caerphilly CF83, £495,000

495,000.00

Offer Nr.:
65571412
Type of ad:
for Sale
Property type:
Hotel/guest house
Contact name:
SMART LETTINGS
Phone(s):
01656 376824

* Freehold
* 13 Ensuite rooms
* Beer Garden/Patio Area
* Excellent Location
* Flexible Terms
* Fully Equipped
* Long Lease Available
* Off - street parking
* Large Restaurant
**Description**
SMART LETTINGS are delighted to offer to the rental market an outstanding and
magnificent opportunity to lease a truly unique restaurant bar with breath -
taking views, ample parking, customer toilets, kitchen and 13 Bedrooms.
The business has been run with the current owners for past 12 years, the
current manager has also been in situ for this duration.
The business is currently trading with excellent potential to increase revenue
on both wet sales, food and accommodation.
The 13 rooms are all ensuite and made up of a mixture of single, double and
family rooms. Up until recently the accommodation has seen high levels of
occupancy from returning guests, we have recently gone live with to increase
revenue.
The property was renovated to a high standard 12 years ago and remains in
excellent condition.
Business being sold as going concern.
The restaurant currently has 80 - 90 covers and is fully licensed for the sale
of alcohol. There is a traditional pub menu at the pub and on Wednesday and
Sunday's they have traditional carvery.
Wet sales last financial year £230, 000. 00*
food sales last financial year £220, 000. 00*
*Hugh potential to grow these figures with increased kitchen opening hours.
**Curren premises licence operating hours**
Sunday - Thursday 11am until midnight
Friday and Saturday 11am until 1am
**Quoting rent
**
£1, 500. 00 P/W
**Planning
**
The property benefits from A3 use as a restaurant/hotel.
**Lease premium**
There is a lease premium payable.
**Stock**
As the business is trading there will be a stock take upon take over with a
payment for stock required.
**Rooms**
Potential Annual Income upwards of £271, 925
4 Singles £35. 00 Per Night
4 Twins £60. 00 Per Night
4 Doubles £70. 00 Per Night
1 Family Room £85. 00 Per Night
*Room Rates Currently Under Review*
**Trading**
Rooms are open 7 days a week
Food and Drink Tuesday - Sunday - Currently closed Monday's
**EPC rating
tbc
**
(1) money laundering regulations - prospective leaseholders will be asked to
produce identification documentation during the referencing process and we
would ask for your co - operation in order that there will be no delay in
agreeing a tenancy.
(2) These particulars do not constitute part or all of an offer or contract.
(3) The text, photographs and plans are for guidance only and are not
necessarily comprehensive.
(4) Measurements: These approximate room sizes are only intended as general
guidance. You must verify the dimensions carefully to satisfy yourself of
their accuracy.
(5) You should make your own enquiries regarding the property, particularly in
respect of furnishings to be included/excluded and what parking facilities are
available.
(6) Before you enter into any lease for one of the advertised properties, the
condition and contents of the property will normally be set out in a lease
agreement and inventory. Please make sure you carefully read and agree with
the tenancy agreement and any inventory provided before signing these
documents.
Tenure: Freehold

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