The Llanwenarth Hotel near Abergavenny, owned by former Wales rugby league international Richard Wallace and his wife Anita, is in a tourist hotspot on the A40 near the Sugarloaf Mountain.
Colliers International Hotels Director, Peter Brunt commented: “Richard’s old injuries are beginning to come home to roost and combined with increasing ill-health have obliged the couple to sell up. He is really struggling to walk now and has no choice but to find a buyer quickly, it is almost an auction type situation and consequently there is a potential bargain to be had. They have already reduced the asking price to £575,000 freehold, demonstrating their determination to sell.
“The last few months have seen a dip in trade as Richard has struggled with his health but the underlying business is very strong and the hotel comfortably has potential to generate well over £100,000 profit per annum.”
With outstanding views towards the Sugarloaf Mountain and Brecon Beacons National Park the hotel is an ideal base for visitors looking to explore the region.
The well-presented 17-bedroom country hotel and restaurant overlooks the Usk Valley and offers guests a genuine rural escape whilst still being situated on the main A40 – handy for Crickhowell, Brecon, Llandovery and Carmarthen.
Peter Brunt said the hotel was a straightforward and unpretentious offering, which had gained a reputation in South Wales for being great value for money.
“The location is fabulous, as it is the main gateway to the Brecon Beacons National Park and the Wye Valley. Cardiff and Bristol are within a comfortable drive.”
He went on: “The Riverside Restaurant is spacious and well laid out and is the centrepiece of Llanwenarth. The bedrooms are also well-equipped with modern décor and many have balconies overlooking the valley.”
The 17 en suite letting bedrooms are made up of 15 double or twin beds and two family rooms. There is also a good two bedroom flat that has its own external access along with living room, kitchen and bathroom. There is an outside dining terrace with a retractable awning which provides an additional 30 covers on fine days plus a courtyard garden and large car park.