AN 11-bedroom hotel that has been closed for a number of years is available to buy – for just under half a million pound.
Llandrindod Wells’ Montpellier Hotel is on the market for £425,000, via chartered surveyors Sidney Phillips.
The “substantial” 11-bedroom hotel boasts three bars and a restaurant and is in Temple Street, on the approach to the town centre.
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It has a trade garden and car parking, with an alcohol licence from 11am to 1am daily.
It is currently closed after experiencing difficulties throughout the pandemic. The hotel has not been active since around the end of 2019, which is when the last activity was posted on its Facebook page, and its website is no longer accessible.
The property was acquired by the current owners over a decade ago and has subsequently been run by independent tenants.
A description on the Sidney Phillips website says the hotel “occupies a prominent corner position just south of the main town centre facing the main road”.
“It is a substantial building which is currently closed and in need of refurbishment," it adds.
"It is an elegant, stylish building arranged across five levels with feature rotunda corner which makes many interesting and delightful rooms within the building.
“The premises are briefly described as follows: Entrance via entrance portico and tunnelled glass arch to the main entrance hallway with the initial trading rooms beyond.
“The lounge bar is an attractive room with assorted seating for 25 or so customers and has its own fully equipped bar servery. The restaurant is still furnished having loose chairs and tables for 30 customers.
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“It is a very light and airy room due to numerous windows. To the rear is a locals bar which has parquet flooring and its own fully equipped bar servery. When fully furnished it can cater for approximately 25 customers.
“At lower ground floor level is the function room which has amtico flooring throughout, bar servery and when fully furnished can cater for 40 customers. The room has feature antique brick walls.
“Located at upper ground floor (level) is the catering kitchen with non-slip flooring, extraction canopy. A range of stainless steel catering equipment and adjacent prep room. There is also a staff room and dry store.”
The description continues: “Letting accommodation is arranged across first and second floor, although there are split levels due to the geography of the site.
“All bedrooms are en suite and consist of 10 double size bedrooms and a feature suite (Montpellier Suite) which has an additional lounge area.
“The owners accommodation is at third floor comprising bedroom 1, with en suite shower room. Bedroom 2 with en suite bathroom. Lounge (again in the rotunda feature corner) kitchen with dining room off.
“A patio area to the front of the property which when furnished and in good repair can seat 40 or so customers. There is a rear compound off which is the on-level beer cellar, general store and boiler room.
“To the rear of the property is a tarmacadam car park with space for 18 vehicles.”
A statement from Sidney Phillips on the site says: “The property was acquired by our clients as an investment some 10 years ago and has subsequently been run by independent tenants.
“Therefore our clients do not have any recourse to trading figures and prospective purchasers will need to reach their own conclusion as to the potential trade and profitability which can be enjoyed at this outlet.”
Viewing is strictly by appointment only and no direct approach is to be made to the business; direct all communications through Sidney Phillips.
For more details visit www.sidneyphilli..ess-detail/93216, call 01981 250333 or email sales@sidneyphillips.co.uk.
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