Bodlondeb Hotel In Criccieth North Wales Offered For Sale By Collier International
Business offers opportunity for first time operator wanting to expand in improving seaside town
Bodlondeb Hotel in the seaside town of Criccieth in North Wales is being offered for sale from an asking price of £350,000 by the specialist hotels team at real estate advisors Colliers International.
The three star hotel, which has views of Criccieth Castle and Cardigan Bay, includes up to 12 letting bedrooms, a dining room, residents’ lounge and bar and owners’ apartment and lounge.
Neil Thomson, associate director, hotels agency at the Manchester office of Colliers International, is marketing Bodlondeb Hotel on behalf of its owners who are retiring from the industry.
He said the property offered an opportunity for a first time operator wanting to expand the business because only nine of the 12 bedrooms were currently being let with potential for the additional three bedrooms to be renovated.
The hotel also has the potential to be converted into up to five apartments, subject to planning permission, offering an opportunity for a local developer.
Mr Thomson said: “It’s a great time for first time operators to acquire a business such as Bodlondeb Hotel with banks returning to the provision of funding for the so-called lifestyle buyer seeking good quality operations.
“Criccieth itself is an increasingly attractive location for business having recently secured new investment with Dylans Restaurant Ltd opening its second site and attracting new customers and their spending power to the town.”