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£675,000

St. Marys Street, Tenby, SA70

  • 8 beds
Flat

£675,000

  • 8 beds
Flat
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Estimate monthly mortgage payment:

£3,081 per month

Minimum deposit amount:

£33,750
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A great opportunity to acquire an attractive substantial grade two listed hotel, situated within the heart of the coastal town of Tenby. With the idyllic sandy beaches of Tenby of your doorstep, you are also within walking distance to an array of local shops, church, cafes and restaurants. Located in a prime highly sought after area on St Marys Street, there is a fantastic opportunity to develop the business further as the present owners only trade for 7 months of the year as their personal preference. Viewing is highly recommended to appreciate all the property has to offer!

The hotel is licensed and all eight letting bedrooms have en-suite shower/bathrooms. Boasting character features throughout the property with beautiful traditional cornicing and feature bay windows on the first floor; some bedrooms also benefit from sea views overlooking South beach. The ground floor accommodation provides the entrance hallway which leads through into a reception room which features a fireplace and bar area. Across the hallway is the breakfast room which provides ample space for seating, and access to the hotel kitchen. The rear of the property offers an office, utility room, and leads through into the owners accommodation. Presently, there are two apartments which are being used by the owners, one two bedroom apartment on the ground floor and a further one bedroom self contained apartment on the top floor attic room. The property benefits from gas central heating, and ample storage throughout. Externally to the rear of the property there is also an enclosed courtyard, which provides a storage shed and space for outside seating.

This established profitable business could offer a buyer a lifestyle change and with expansion possible could be even more lucrative.

PLANNING :The property has the benefit of planning consent for the conversion into 5 residential apartments in addition to the top floor owners accommodation.

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£3,081 per month
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£21,250
Mortgage and legal costs:
£999
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