Commercial Property
This spectacular property is currently a local public house and restaurant with 10 letting rooms, recently undergone much investment and refurbished to a very good standard throughout. The property offers 10 ensuite bedrooms, a public bar catering for up to 60 peoples, restaurant and lounge with 50 covers together with external seating areas to the rear, further complimented with a sun terrace, lawned garden. and tarmacadam car park. The property appears to be constructed in the main of stone and brick with render and colour washed elevations. It is appointed to a very good standard and will require little major capital investment for some time. It holds a prominent location at the centre of Rhayader, just off the Clock Tower in the middle of the town.
The 2021/22 accounts show a turnover of £539,181. Further information is available upon request.
The Elan Hotel, Rhayader is set in spectacular countryside in Powys, Mid Wales. Situated in the centre of town, nestled on the banks of the River Wye and within close proximity to the Elan Valley lakes. The market town of Rhayader is a busy and historic town in the north west of the ancient County of Radnorshire. It is the first town on the banks of the River Wye and has long been a vital centre for the surrounding farming community and is now also the centre of the large tourist industry that has built up in the surrounding area especially as it is home to the spectacular dams and reservoirs of the Elan and Claerwen Valleys. The area has become popular for its numerous activities including, fishing, golf and water sport, it especially attracts walkers and cyclists for the abundance of trails and bridle ways surrounding the town acting as a gateway to the massive complex of reservoirs and dams nearby. The variety of entertainment and activities ensures a steady supply of tourists through the year, especially traditional holiday periods.
The buyers fee on this lot is £1,800 including VAT
Freehold.
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