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Ty Gorsaf Hotel

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Ingoing Cost - £ 5000
Rent - £ 14500
Location - High Street, Blaenau Ffestiniog, LL41 3ES
Agreement Types - Tenancy,TAW,
Private Rooms - 1
Facilities : Beer GardenExternal Drinking AreaCatering KitchenLetting RoomsTeam GamesPool AreaRestaurant/DiningExperienced Operator

Property Features

The Ty Gorsaf Hotel is perfectly situated in the village of Ffestiniog. Boasting fantastic views of the Welsh slate mountains and overlooking the picturesque steam railway. On the opposite side of the road, the local train station lies, perfect for welcoming visitors and tourists. In the village within very close proximity, the Go Ape and Zip World Activity Centre welcomes visitors throughout the year. There is a power plant that will be re-opening shortly, bringing employment into the village, which creates a great business opportunity either within the pub element or with the accommodation/letting side of the business. The pub/hotel has two bar areas, plenty of seating as well as a games room, housing a pool table, darts board and TVs. There is a kitchen which can cater for the large breakfast/dining room, with access through large sliding doors to more potential seating. The dining room has a fireplace which could be a real feature during the winter months. There is a reception for room bookings,12 rooms are spread across three floors, with lovely views of the welsh village/mountains. The property also boasts a good-sized retail shop space on the lower ground floor. It used to be a slate souvenir shop, which has the potential to trade as a take away off licence or could be rented out for additional income. There is a paved garden at the rear of the property where outdoor drinks and food could be served. Out of the twelve letting rooms, one has been set aside for the tenant or the manager of the property, all rooms have en-suite bathroom/shower room. There is a commercial kitchen on the middle floor with a dumbwaiter in operation. There is a laundry room on the ground floor, a boiler room and a cellar.    

Trading Style

This charming property has bags of potential for the right tenant. The pub/hotel has been long-standing and is a focal point within the village. In the right hands and with the right investment, the pub, dining and letting business could be extremely profitable. Not only does the property boast space and charm, but it also has the added benefit of sitting in a great location. The pub would suit its local community and serve as a place to stop for a few drinks and a bite to eat while visiting the area. It is also perfectly located for those staying one or more nights, as it is so convenient being right next to the small train station and within a minute or two from the outdoor activity centre. The trading mix would be well spread with a focus on Wet and Dry trade. The accommodation is an added benefit and ties in nicely. To make this business opportunity a success, the pub company are looking for someone who can see beyond some of the repair works and updating of fixtures and fittings, such as beds, seating etc.. To see this as a possible two-year project, investing into the property, to get it just right. They need someone who can utilise modern technology to market the business targeting its customer type and building a great reputation within the local community and across the land. The pub company are looking for a candidate with lots of experience within the trade either in commercial property and developments, large pubs doing food or the hotelier sector. Perhaps someone who has worked on transforming under-performing pubs/hotels and built up the business/s to a successful level. The property currently has a caretaker and his partner living and holding the fort while they look to recruit a long term business partner who would like to sign up to a tenancy agreement. They have both managed the property under their old tenant and would very much like to remain employed and live on-site if possible. The pub company believe that this property and business would ideally suit a successful operator from perhaps multiple backgrounds who can see the vision of this business opportunity and put the actions in place that supports the plan to realise its potential. The applicant will need to have investment funds available to be considered for this venture.  

Key Financial Information

Please note that the energy performance certificate is available from the landlord. Length of Tenure: TAW for 3 Month – Aim to convert to Long term Tenancy Rent: £4,000 per annum for the first 6 months with regular reviews until works have been completed. Full rental agreement to be discussed and put in place once the business and trade has been built up. Ingoings: £ up-front, a deposit of £5,000.  Cash Investment Needed, to be discussed.