£350,000
18/20 Bedroom Hotel
Powys, Wales
On the instructions of the Joint Liquidators of The Lion Hotel-IH Limited
The renowned market town of Builth Wells stands at the confluence of the Rivers Wye and Irfon in the Upper Wye Valley. It has a population of 2,352 and is well known for being the location of Royal Welsh Showground, home of the largest agricultural show in Great Britain. The showground stands in an estate of 140 acres and its annual show has an attendance of over 200,000. It hosts many other events throughout the year. The Grade II Listed Lion Hotel is possibly the town’s best known building, being a “landmark” property standing on a prominent corner site where the A470 Trans-Wales route crosses the famous five-arch stone bridge across the Wye.
Whilst the business is now closed, the previous owner clearly invested a considerable sum in upgrading the property which now offers 18/20 en-suite letting bedrooms (inc two 4-bedroom suites) as well as function, bar and dining facilities.
The ground floor is arranged with entrance hallway and reception, breakfast area with seating for 22 guests, main bar which can be utilised as a function room for approximately 60-80 customers and a further snug bar to the rear. In addition, there is a catering kitchen, with walk-in cold room and freezer; and an office with WCs to the rear. The property has its own car park for 12 vehicles, together with a garage which provides for additional storage or parking facilities.
The hotel has currently ceased trading, and is being offered for sale by the Joint Liquidators. Accordingly, no trading accounts are available and prospective purchasers will need to form their own opinions as to the potential trade and profitability of the business.
The property is held freehold.
Associate Director
London Office
