£395,000
Former Lorelei Hotel & Premises, Esplanade Avenue, Porthcawl, CF36
- 10 beds
£395,000
- 10 beds
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Immediately available For Sale Freehold tenure a former licenced hotel and premises providing substantial accommodation over 3 floors.
Situated in a popular residential location just off Porthcawl Seafront and close to Porthcawl Town Centre.
Immediately available For Sale Freehold tenure at an asking price of ?395,000.
Location
Situated in a prominent and convenient location fronting Esplanade Avenue close to Esplanade, the seafront and Porthcawl Town Centre. The property is situated in a predominately residential area albeit with a number of guest houses and small boutique hotels located within close proximity. The seaside resort town of Porthcawl has the benefit of a large resident population and benefits from an influx of day trippers and holiday makers particularly on weekends and peak holiday periods. Porthcawl lies 7 miles west of Bridgend and approximately 3 miles south of Junction 37 (Pyle Interchange) of the M4 Motorway.
Description
The property essentially comprises a pair of 3-storey villa style residential properties of charm and character albeit in recent years occupied as a whole and for use as a licensed hotel and premises. The property offers potential for ongoing hotel and hospitality use or alternately for conversion to 2 separate 5/6 bedroom dwelling houses or potentially a number of apartments subject to the obtaining of the usual planning permissions. The property is currently configured so as to provide on ground floor for a double-bay fronted lounge and bar, function room, kitchen and prep area and on first and second floor approximately 10 former hotel bedrooms with ancillary accommodation. Externally, to the front of the property is a small forecourt area and to the rear a small courtyard/beer garden area. The property is considered to be in poor condition with some structural wants of repair so requires then comprehensive renovation and refurbishment.All mains services are connected.
Tenure
The property is to be sold Freehold tenure.
Asking Price
?395,000
EPC
Energy Rating - Band D
Legal Costs
Each party to be responsible for their own legal costs incurred in the transaction.
VAT
All figures quoted are exclusive of VAT if applicable.
Anti Money Laundering Regulations
In order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.
Public Notice
Watts and Morgan are now in receipt of an offer for the sum of (?367,500) for Lorelei Hotel, 36-38, Esplanade Avenue,Porthcawl,Mid Glamorgan,CF36 3YU . Anyone wishing to place an offer on the property should contact (Matthew Ashman from Watts and Morgan, 1 Nolton Street Bridgend, Cf31 3AE, 01656 644 288) before exchange of contracts.
Viewing
Strictly by appointment only through sole selling agents:Messrs Watts & Morgan LLPTel: (01656) 644288 Email: [email protected] Please ask for Dyfed Miles or Matthew Ashman
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