10 BEDROOM COMMERCIAL PROPERTY IN RHAYADER
The Elan Hotel, Rhayader, Powys, LD6 5AF
- 1
Key features
Guide Price: *
£400,000
Fees apply
Buyer's fee:£2,400
Admin fee:£6,000
Legal fee:£1,800
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Start price:
£395,000Bid history
0 bidsThis spectacular property is currently a local public house and restaurant with 10 letting rooms, recently undergone much investment and refurbished to a very good standard throughout. The property offers 10 ensuite bedrooms, a public bar catering for up to 60 peoples, restaurant and lounge with 50 covers together with external seating areas to the rear, further complimented with a sun terrace, lawned garden. and tarmacadam car park. The property appears to be constructed in the main of stone and brick with render and colour washed elevations. It is appointed to a very good standard and will require little major capital investment for some time. It holds a prominent location at the centre of Rhayader, just off the Clock Tower in the middle of the town. The 2021/22 accounts show a turnover of £539,181. Further information is available upon request.
Location:
The Elan Hotel, Rhayader is set in spectacular countryside in Powys, Mid Wales. Situated in the centre of town, nestled on the banks of the River Wye and within close proximity to the Elan Valley lakes. The market town of Rhayader is a busy and historic town in the north west of the ancient County of Radnorshire. It is the first town on the banks of the River Wye and has long been a vital centre for the surrounding farming community and is now also the centre of the large tourist industry that has built up in the surrounding area especially as it is home to the spectacular dams and reservoirs of the Elan and Claerwen Valleys. The area has become popular for its numerous activities including, fishing, golf and water sport, it especially attracts walkers and cyclists for the abundance of trails and bridle ways surrounding the town acting as a gateway to the massive complex of reservoirs and dams nearby. The variety of entertainment and activities ensures a steady supply of tourists through the year, especially traditional holiday periods.
Note:
The buyers fee on this lot is £1,800 including VAT
Tenure:
Freehold
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Summary
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 10+
- Bathrooms
- -
- Council tax band
- Ask Agent
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Knight Frank Online Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Knight Frank Online Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
