£614,950 /Sale price

The Grafton Hotel is located on Craig-y-Don Parade in the charming Victorian seaside town of Llandudno. The property is located between the Great Orme and Little Orme, less than 1 mile from Llandudno's pier, in an enviable seafront position. It is within easy reach of Llandudno's two beaches, its town centre and its local amenities, and a stone's throw from Venue Cymru. Llandudno is served by junction 19 of the A55 North Wales Expressway which links directly to the town via the A470, whilst the A5 provides access to Snowdonia National Park. Llandudno Junction train station serves the town with connections along the North Wales coast and the North West of England. The Grafton Hotel is a four star guest house that has been operated by our client for the past 8 years. Under their ownership, it has been well maintained and invested in. The business has its own website and is also listed on Booking.com and Tripadvisor where it enjoys occupancy levels in excess of 95% and boasts excellent reviews. Room tariffs vary depending on season but currently up to £160 per night including breakfast. The business sees much repeat trade due to its fantastic location and proximity to Venue Cymru. Despite the existing business being solid and sustainable, there are a number of easy opportunities to significantly increase sales. The current owners operate only 6 to 8 rooms so there is lots of scope if operating all 12 guest rooms to increase sales. The current owners also only trade for around 5 months a year so there is also lots of potential to increase sales by trading a longer season. The two storage rooms can be redeployed back to guest rooms again boosting sales. Additionally, the large garage / workshop could be developed into a variety of potential uses including a self contained apartment, subject to the relevant planning permissions. Trade accounts available upon request. FREEHOLD £614,950 to include goodwill, fixtures and fittings. Stock at valuation in addition. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.