18-Room Riverside Hotel in Mid-Wales Town Centre for Sale, Near Royal Welsh Showground
Builth Wells, Powys
- Status
FOR SALE
- Advert ID
613453
- Reference
94426 / Rightbiz
- Call Agent:
- Freehold: £350,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Close to Local Amenities
- Town Centre location
- Attractive Business
- With Car Park
- Trade Gardens Available
- Currently Closed
- Prime Location
Business Details
Mid Wales Riverside Town Centre 18 Bedroom Hotel
By direction of the liquidatorsÂ
Mid-Wales Riverside Town Centre 18 Bedroom Hotel
Bar & Function Facilities
Car Park & large Garage (750 sq ft)
Currently Closed
Â
The renowned Market Town of Builth Wells stands at the confluence of the Rivers Wye and Irfon in the Upper Wye Valley. Â It has a population of 2,352 and is well known for being the location of Royal Welsh Showground, home of the largest agricultural show in Great Britain. Â The showground stands in an estate of 140 acres and itâs annual show has an attendance of over 200,000. Â It hosts many other events throughout the year. Â
The Grade II Listed Lion Hotel is possibly the townâs best known building, being a âlandmarkâ property standing on a prominent corner site where the A470 Trans-Wales route crosses the famous five-arch stone bridge across the Wye. Â Whilst the business is now closed, the previous owner clearly invested a considerable sum in upgrading the property which now offers 18/20 en suite letting bedrooms (inc two 4-bedroom suites) as well as function, bar and dining facilities.Â
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring ÂŁ1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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