The property comprises of a substantial 3-storey fomer master mariner's house situated on a prominent elevated site just off the main A487 coastal route between Aberavon and Cardigan within Ceredigion. Enjoying panoramic views of Cardigan Bay and overlooking Cei Beach the property is situated just outside New Quay town centre which is well regarded as a popular holiday resort with a small harbour being home to numerous private boats and a thriving yacht club.
Currently used as a well appointed restaurant with sea views incorporating four en-suite lettable bedrooms and an owner's flat, this substantial freehold property offers considerable potential for expansion of the existing business or conversion to alternative residential activities offering investment opportunities subject to planning consent. The accommodation briefly comprises:
On the ground floor:
Main Entrance leading to:
With part stripped wooden flooring, feature fireplace, ornate panelled bar and counter with matching canopy. Archway leads through to:
Having stripped wood-effect flooring and seating for 12 guests.
Having fixed bench seating, feature open fireplace with brick surround.
Full width Conservatory:
Currently used as a restaurant with approximately 40 covers and offering superb views over Cardigan Bay.
Currently fitted to catering standards, non-slip flooring, stainless steel clad walls, extractor hood and catering equipment. Access to additional preparation/cooking area.
Ladies and Gents Toilets:
Access stairs and landing lead up to:
On the First Floor
Large double with sea views and en-suite shower room.
Large twin with sea views and en-suite shower room.
Double bedroom with views to the rear and en-suite shower room.
Double with views to the rear and en-suite shower room.
On the Second Floor:
Private accommodation but offering potential for further lettable rooms or conversion to a self-contained flat (subject to planning).
Double with en-suite shower room.
Double with en-suite shower room.
The elevated plot provides a front paved patio area with bench seating and sea views. A side drive leads to enclosed private rear gardens with tarmacadam car park for approximately 10 vehicles and storage sheds.
Mains electric, water and drainage are connected to the property together with LPG gas for cooking and heating. No tests have been carried out on any of these services or appliances.
The property is believed to be freehold. Interested parties should confirm this by enquiry to their professional advisers.
General Business Information:
The property currently trades as an inn and restaurant sourcing large numbers of tourists from the nearby caravan parks and those who frequent New Quay throughout the year. The existing proprietors live onsite but due to ill health only operate on limited hours for 8 months of the year.
The inn currently holds a AA Gold Award and the four lettable first floor bedrooms are busy throughout the year catering for both the holiday guests and contractors to the large number of nearby holiday parks during the off season.
The property which includes trade fixtures and fittings is offered at a price in the region of £495,000 plus stock at valuation (if required).
Rateable Value: £12,000
Rates Payable for the year April 19-March 2020: £5,833.85
Separate assessment for upper floor:
Band A (£1,054.98)
By prior telephone appointment through Messrs G C Skitt & Co (Commercial) Telephone: 0121 520 2255 (option 3). Reference PJB