Greylands Guesthouse, High Street, Llandrindod Wells, Powys, Mid Wales, LD1

A quality Victorian residence offering a seven bedroom guest house within a busy Mid Wales town. Upgraded and in superb condition under the current tenure. Residents Lounge & Dining Room, separate Owners Suite. Car Park for three and ample surrounding parking. Current sales circa £55,000 per annum. Operated as a "way of life" business with huge scope to increase trade.

The Victorian spa town of Llandrindod Wells was developed in the 19th Century due to the healing quality of the local spring water, which attracted a large number of visitors to the town, resulting in an economic boom, especially that of the hotel and leisure industry. In the late 20th Century it enjoyed a further boom having been selected as the headquarters for Powys County Council which now ensures an excellent level of employment in the town, and a large number of visitors to the town carrying out business with the County Council. Llandrindod Wells also acts as a commercial centre of the wider rural area and for entertainment and shopping. The town enjoys a large number of Victorian properties and this tradition continues with a "Victorian Week" which takes place annually during August.

Llandrindod Wells sits astride the main A483 and has good communication links to the nearby towns of Builth Wells, Newtown, Rhayader, Llangurig and beyond. Greylands Guest House is located on the High Street in the centre of the town opposite the railway station, having the benefit of all amenities the town provides within walking distance. This impressive Victorian property is of red brick construction under a predominantly pitched slate tiled roof and offers accommodation over four floors, providing a quality guest house which has undergone much renovation under our clients tenure. It is presented in very good order throughout and will require little investment for the foreseeable future. Our clients operate the business to suit their requirements, but are confident there is huge scope to increase trade if required.

TRADE AREAS
Spacious entrance lobby with internal doors to the trading areas. Comfortably furnished RESIDENTS LOUNGE with excellent feature fireplace. DINING ROOM (12) enjoying excellent views east of the town to the surrounding Powys countryside. KITCHEN having a selection of modern base and wall units and appliances.

LETTING ACCOMMODATION
FIRST & SECOND FLOORS
7 WELL APPOINTED GUEST ROOMS all named after birds. Six of the bedrooms are en suite, with the seventh having its own private bathroom. All provide TVs, desks and tea/coffee making facilities.

THIRD FLOOR
A narrow staircase leads to a former BATHROOM (currently used for storage). Large STORE ROOM with low door access.

OWNERS ACCOMMODATION
LOWER GROUND FLOOR
The owners suite provides 2 DOUBLE BEDROOMS (alternatively double bedroom plus lounge). BATHROOM. CONSERVATORY with direct access to the rear garden.

EXTERNAL
To the rear is a small enclosed garden with access to the large GARAGE. Parking for three vehicles.

Since our clients purchased the business is 2017 they have invested heavily in the fabric of the building which is now presented in excellent order throughout, with seven quality letting rooms and trading areas all with a warm and homely feel. They have concentrated on attracting a strong level of repeat trade from local businesses, the Local Authority and Health Service and this is proving to be very successful. The business is operated on a bed & breakfast basis and our clients only offer evening meals on request. They are sure this area of the business could be expanded upon if required.

The business has achieved a 4* Wales Tourist Board rating and the rooms are let on a bed & breakfast basis with a tariff of £89 for a single, £148 double and £180 family.

Accounts for the trading year are expected to show sales in the region of £68,000.