Pub sector specialists Colliers International are stepping up efforts to find a buyer for the Llanwenarth Hotel near Abergavenny. The hotel – owned by former Wales rugby league international and Bristol rugby stalwart Richard Wallace and his wife Anita – is in a tourist hotspot on the A40 near the Sugarloaf Mountain.
Colliers International Hotels Director Peter Brunt said ill-health had forced the owners to put the 17-bedroom hotel on the market after a ten year spell at the helm:
“Richard’s old injuries are beginning to come home to roost and combined with increasing ill-health have obliged the couple to sell up. He is really struggling to walk now and has no choice but to find a buyer quickly – it is almost an auction type situation and consequently there is a potential bargain to be had. They have already reduced the asking price to £575,000 freehold demonstrating their determination to sell.
“The underlying business is very strong and the hotel comfortably has potential to generate well over £100,000 profit per annum.”
With outstanding views towards the Sugarloaf mountain and Brecon Beacons National Park the hotel is an ideal base for visitors looking to explore the region: it overlooks the Usk Valley and offers guests a genuine rural escape whilst still being situated on the main A40 – handy for Crickhowell, Brecon, Llandovery and Carmarthen.
The Riverside Restaurant is spacious and well laid out and is the centrepiece of Llanwenarth. The 17 en suite letting bedrooms include 15 double or twin and two family rooms, and are well-equipped with modern décor and many have balconies overlooking the valley.
The hotel has been refurbished and well-maintained by the current owners, with all bedrooms presented to a high standard. The popular restaurant provides up to 60 covers, and provides a relaxing environment for diners, supplemented by an outside dining terrace with a retractable awning which provides an additional 30 covers on fine days plus a courtyard garden and large car park.
There is also a good two bedroom flat that has its own external access along with living room, kitchen and bathroom.
There is a special promotional video on the distinctive hotel in a bid to attract a buyer, and enquiries should be directed to Peter Brunt, Hotels Director, Colliers International on 0117 917 2000.