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Freehold Royal Lion Hotel for Sale

Tenby, Dyfed, SA70 7EU South Wales, Pembrokeshire, United Kingdom
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Asking Price$3,329,957
Revenue$0 Established1993
Cash Flow$0 Employees12 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Royal Lion Hotel for Sale
Freehold Hotel, Restaurant & Nightclub or Development Site
For Sale or Lease
A richly furnished 19th century building with panoramic sea views
Location Tenby, Dyfed, SA70 7EU South Wales
Asking Price £ 2,000,000

Asking price includes:

Substantial Freehold Property
All fixtures and fittings
Fully licensed Public/Residential Bar
Superb central location
Panoramic sea views
30 Guest Bedrooms
60 seat dining room
Basement suitable for nightclub
Planning permission for 16 apartments & 5 commercial units
Right to use 60 car spaces

Business profile:
This is an opportunity to acquire a freehold hotel in a truly stunning cliff top location with panoramic sea views. It is situated in a very desirable destination town close to many attractions, areas of interest and outstanding natural beauty.

The hotel has been owned by the present owners for some twenty years, and although it is in need of some restoration it presents a fantastic opportunity for a buyer, either to build the business or to convert the freehold into 16 luxury apartments with fantastic views, plus 5 commercial units on the ground floor.

The property is centrally located with one of its walls being part of the ancient City Wall. The area is also under-going significant investment: next door McCarthy & Stone are building 40 retirement apartments and around the corner Premier Inn is building a hotel with 70 rooms.

The hotel provides accommodation in 21 ensuite rooms with a further 9 rooms that are currently not renovated.

On the ground floor there is circa 4,500 square feet of space comprising, reception, a magnificent 60 seat dining room, two licensed bars and kitchens and storage. The basement is circa 1,000 square feet in area and would be perfect for either a nightclub or licensed bar.

Across the road and only a few paces away are 60 pay & display car spaces available for guests of the hotel.
Competition:The business has only tentatively embraced technology and this is an area for considerable opportunity. The website is fairly basic and again the updating and refreshing of the website and all social media would provide considerable benefits. The property has a high profile presence in the local market and good word of mouth recommendations. The business enjoys repeat visits from customers who enjoy the levels of service, the beautiful setting and the warm friendly atmosphere.
Training/Support:The current owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new owners, though as the business has a very capable structured team in place it is not thought that this will need to be extensive.
Sale Reason:Genuine retirement sale
Ad #59247
Seller Reference #AC340
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Contact This Seller
Turner Butler
0044 1895256000
Email Address