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Waterton Hotel, Thomastown, Rhondda Cynon Taff. CF39 8ED

Property Details
Agent Ref No: BR1441TP
Category: Business for Sale
Type: Guest House / Hotel
Pub / Bar
Offer Type: Offers in the region of
Price: £565,000.00
Rent: Not Applicable
Yield: Not Applicable
Further Property Details
Date Listed: 2012-03-02
Size:
Tenure: Freehold
Min Rental Size: Not Applicable
Property Status: Business Currently Trading

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Description

SUBSTANTIAL BED & BREAKFAST HOTEL WITH POTENTIAL FOR LICENCED USE & RESTAURANT OPTIONS APPROVED PLANS FOR AN EXTENSION & 9 ADDITONAL EN-SUITE ROOMS LOCATION (JUST OFF THE A4119) NEAR TO J34 M4 TWO ADDITIONAL COTTAGE APARTMENTS

A substantial property occupying a prominent location in the Ely Valley village of Thomastown, which is just off the A4119 trunk road, approximately four miles to the North West of J34 M4.

Talbot Green is a short drive to the South East and Cardiff is approximately twelve miles distant with Bridgend being circa ten miles to the West.

The property is constructed of brick / stone beneath an interlocking pitched tile roof and is currently in use as a non licensed, bed and breakfast hotel, having previously traded as a licensed hotel with private function suite and restaurant. In addition there are two cottage apartments located adjacent to the main building.

The hotel currently provides a mix of short term and medium stay occupancy, as well as overnight accommodation on a bed and breakfast basis and is offered for sale pending the proposed retirement of the current proprietors.

VIEWING & DIRECTIONS ; Strictly accompanied viewing only, by prior appointment via our Tonypandy office and prospective purchasers are requested NOT to make any direct approaches or un-appointed visits to the property as this will only result in referral back to Barbara Rees. Staff at our Tonypandy office will provide local directions upon request.

EXTERIOR; Front forecourt and guest car park leading into the main reception area and cottage apartments.

GROUND FLOOR; Reception area, lounge / function room / bar area / dining room (seating for circa 30 covers), main kitchen with commercial cooking equipment / laundry room / stores and male / female wc’s, three en-suite guest rooms.

FIRST FLOOR; Eight guest rooms, residents tv room and kitchen, two shower rooms and toilets.

DETACHED COTTAGE; Comprising two self contained apartments situated to the side of the main hotel building.

FLOOR PLANS, FIRE CERTIFICATION & FINANCIAL INFORMATION; Available for confidential inspection at our Tonypandy office.

PLANNING & USER; Believed to fall within use class C1 Town and Country Planning Act Use Class Orders 1987 (as amended). Planning permission has also been approved for 9 additional en-suite rooms, along with further restaurant space. Previous use has been within an A3 use class.

NATIONAL NON DOMESTIC RATES; To be confirmed.

GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers where an offer has been made and accepted. Please arrange for the appropriate, identification to be provided, when asked. The vendor has verbally informed us that the property is of freehold tenure and has the benefit of all mains services although this should be confirmed by the acting solicitors.

METHOD OF SALE; We are instructed to dispose of the property on a going concern basis, inclusive of the freehold property, its fixtures and fittings and business goodwill. The vendor will consider a separate sale of the main hotel building excluding the cottage apartments

METHOD OF SALE & OFFERS; By private treaty and all offers should be made in writing to our Tonypandy office quoting the reference BR1441TP. Prospective purchasers will be required to furnish Barbara Rees Ltd with formal verification of the purchasing finance / funding arrangements, post acceptance of an offer and prior to instructing solicitors.

MORTGAGE PURCHASING FINANCE ; Our associated Independent Mortgage and Financial Advisor J Paul Rees, FNAEA, Cert PFC, Cert CII (MP) will be pleased to discuss and arrange the most suitable mortgage to meet the choice and requirements of prospective purchasers. Please contact our Tonypandy office or Mr Rees direct on 07970 849106 to arrange a convenient appointment. (Introductions to CRE Financial Services).