Christie & Co are offering the Marine Hotel in Llandudno for sale, via long leasehold.
Key Features of the Hotel
- 123 en suite bedrooms
- Popular seafront location
- Restaurant (150), Bar (75)
- Indoor swimming pool
- Parking
- Staff and managers accommodation
- Annual Rent: £406
The property occupies a corner position at the junction of The Parade and Vaughan Street and comprises a number of interlinking terraced Victorian buildings with a return frontage onto Vaughan Street.
The hotel is located in Llandudno, North Wales, which is a seaside resort, town and community in the Conwy County Borough. Llandudno is located on the Creuddyn Peninsula and the coastline is the Irish Sea. Llandudno is the largest seaside resort in North Wales and is located approximately 46 miles from Chester and 51 miles from Wrexham.
The hotel is situated on the Promenade which leads to Llandudno Pier and fronts the Irish Sea. The property is located on the B5115, The Parade, and is more regionally accessed via the A470, Conwy Road. The surrounding properties are predominantly coaching hotels and B&Bs, along with the Venue Cymru located within close proximity.
Internal Details of the property
- The hotel’s main restaurant seats approximately 150 covers.
- There is a central buffet servery for breakfast.
- The hotel has a lounge / bar which is located by the reception.
- There are a number of interlinking lounge spaces providing seating for approximately 75 covers in various areas of the hotel.
- There is an entertainment room with seating for approximately 80 guests with additional bar and dance floor.
- There is a large ballroom / function space which provides meeting and events space.
- Indoor heated swimming pool
External Details
The frontage benefits from planted gardens with a ramped wheelchair access into the main entrance to the building. There is an additional entrance located at the side. The rear of the site has an open parking area which is shared with adjacent hotels. It is understood there is demised parking for 14 vehicles in the car park, with additional space on license.
Tenure
We are advised that the property is owned long leasehold on seven separate leases, given that the property occupies a series of interlinking buildings.
Each lease is for a term of 2,000 years, the earliest being 25 March 1889 the most recent, 25 March 1908. We understand that the current total ground rent equates to £406 per annum.
The Opportunity
Whilst the hotel is available to acquire on a single asset basis, Christie & Co are selling other hotels across the UK for the same seller. Additional information can be provided on request. Please contact the following for any multi asset enquiries:
Jeremy Jones, Head of Brokerage (jeremy.jones@christie.com)
Ed Bellfield, Regional Director (ed.bellfield@christie.com)
