Castle Cottage, a luxury boutique hotel in Harlech, North Wales, has gone on the market for £750k, and presents an attractive proposition for interested buyers.
The 13th century castle, which overlooks Snowdonia National Park, has recently undergone a multi-million pound investment to transform the property into a real tourist destination. Castle Cottage is less than 50 metres away, which was purchased by Glyn & Jacqueline Roberts in 1989.
The hotel is home to seven bedrooms, as well as a restaurant and three-bed owners’ accommodation and private garden and become under the ownership of the Roberts after the couple fell in love with the property on their honeymoon, two years prior to the purchase.
Castle Cottage was a first time venture for them, which allowed them to incorporate their leisure and catering experience; Glyn having previously worked for Greenhouse Restaurant in Mayfair, whilst Jacqueline was at the Café Royal.
Since acquisition, both the property and business have grown considerably, having acquired the next door coaching inn which allowed for the creation of an extra four bedrooms. Furthermore, an extension to the rear of the premises expanded the private living quarters.
Now proven accounts show a turnover of approximately £222k, irrespective of limited summer and winter openings.
Lesley Watmough from leisure property specialists Fleurets commented: “With many places of interest nearby, one of the main sources of business is from golfers wanting a little bit of luxury.”
For further information please visit: http://www.fleurets.com/search/all-properties/search-for-nw-619075