, FOR SALE ALBANY HOTEL, TENBY Busy and profitable resort Hotel 24 letting bedrooms Three bedroom accommodation for owners 133,000 profits in year ended March 2015 CONTACT US Viewing is strictly by appointment through Colliers. Peter Brunt LLB DipLE MRICS Hotels 0117 917 2000 Peter.brunt@colliers.com Property Ref: 307414 www.colliers.com/uk/hotels Offers in the region of 745,000 Freehold
INTRODUCTION The Albany is a compact and easily operated hotel that attracts a mix of coaching and private leisure trading year round. As well as the 24 letting bedrooms there are spacious public areas for guests to enjoy, enabling entertainment to be run for the mid week coaching business that is a long running, and secure, base for trade. Owners will appreciate the large accommodation reserved for them and the excellent location close to the town centre and the beautiful North Beach. LOCATION Tenby is a lovely resort and the excellent Road communications via the M4 have opened up this part of Pembrokeshire to an increasing number of visitors through and enviably long season. There are many tourist attractions in the town and excellent beaches too as well as a wealth of things to do and explore in the area. The hotel is very conveniently located only a short walk from North Beach with its panoramic view of the iconic mediaeval harbour, the vista everyone associates with the term. LETTING BEDROOMS 24 letting bedrooms to sleep 50 (three family, 11 double, eight twin and three single). One single room is currently used as staff accommodation. All rooms are en suite, centrally heated and equipped with tea and coffee making facilities, telephone, and flatscreen TVs with free view. OWNERS ACCOMMODATION The accommodation for resident owners has the distinct advantage of private access and its own car parking space. Arranged over two floors there are three double bedrooms, lounge, kitchen/breakfast room, utility room and study/office. Our clients bought the hotel in 2007, a family venture in which two generations participate. Almost 10 years on the hotel has done its job as a comfortable home and profitable business and with the older generation looking to their next stage in life, the family have decided to offer the business for sale. THE PROPERTY Grade II listed, The Albany is believed to date from the 1700s but is mainly a Georgian building from the mid to early 1800s. Accommodation is arranged on basement ground and two upper floors. PUBLIC AREAS Main entrance with Reception. Restaurant for approximately 44 covers, Lounge seating around 40 off which is a games room. The lounge provides excellent entertainment space and has a recently installed entertainment system.
SERVICE AREAS Commercial kitchen, dry store, wash up section, cellar and laundry room. Attic storage. LICENCE Premises Licence OUTSIDE Paved sun terrace with access to the games room and lounge. SERVICES Mains electricity with three phase power to the kitchen, gas, water and drainage. Gas-fired central heating and hot water. WEBSITE http://thealbanyhoteltenby.com/ LISTINGS Visit Wales 2 Star TRADE Accounts prepared by our clients accountants show total net sales in the year ended 31st of March 2015 288,163 on which a trading profit of 129,813 was achieved before depreciation, interest costs, directors' salaries and an internal rent. There was a small drop in sales in the year to March 2016, largely as a result of a new Premier Inn opening in Tenby although our clients tell us that the hotel trade is returning previously achieved levels. We are advised that occupancy levels are strong all year round with a contract in place with a coaching company for 48 weeks of the year, mid week. Private leisure trade makes up the vast majority of weekend business. PRICE 745,000 for the freehold interest complete with trade contents (according to inventory and excluding personal items) and goodwill. Stock in addition at valuation. FINANCE Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender of broker involved. TO VIEW All appointments to view MUST be made through the vendors agents who are acting with sole selling rights DIRECTIONS Pembroke 10 miles, Milford Haven and 15, Fishguard 33, Cardigan 33 and St David's 34. Junction 49 on the M4 motorway and Swansea are 43 and 52 miles distant respectively. There is fast dual carriageway road from the end of the motorway to Saint Clears about 18 miles to the north east of Tenby. Follow the a 478 into Tenby and the Albany Hotel will be seen on your right hand side shortly before arriving at North Beach.
ALBANY HOTEL
FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Peter Brunt LLB DipLE MRICS Tel: 0117 917 2000 Mob: 07885 096857 Email: peter.brunt@colliers.com Colliers International 10 Temple Back Bristol BS1 6FL Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (Insert date) Colliers International is the licensed trading name of Colliers International Business Space UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA. www.colliers.com/uk/hotels