The three star hotel - situated opposite the famous cross in a tourist hotspot in the centre of the city – is on the market with sector specialists Colliers International at £750,000 freehold.
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An ideal base for exploring the stunning Pembrokeshire coastline, the Old Cross last changed hands in 2002 – when the present owners took over from a family who had operated the hotel since 1956.
Hotels director Peter Brunt – who celebrated a hat-trick of sales in the principality during the summer - said: “The opportunity to run one of the most charming hotels in this popular tourist location does not come around very often.
“The Old Cross fits neatly into the middle market with strictly limited competition. With 16 simple but comfortable bedrooms it’s perfect for the many guests that stay and the popular public areas cater for residents and non-residents alike.”
Peter went on: “The Old Cross also offers clear opportunity to increase profits. The pretty garden is a real draw and could be exploited further to take advantage of the central position and all-year round visitors to the city.
“St Davids offers a wealth of reasons to visit and the surrounding area draws thousands of visitors through a long season as well as making it a lovely place to live.”
Accommodation is arranged on ground first and second floors and includes a comfortable lounge to seat 30 alongside a good sized bar with servery and banquette seating. There is also a restaurant which can seat 50 when laid for a function.
The 16 letting bedrooms include eight doubles five twins, two singles and one large family with double plus bunks to sleep a total of 32 guests.
There is no dedicated owners' accommodation at present but there is a detached building at the rear of the site, currently occupied by staff, that could be suitable for conversion to fit this purpose.
Peter Brunt concluded: “The Old Cross has been a landmark in the city for years and we are confident the hotel will bring in as many potential owners as it does guests.”