FOR SALE
650325
91446 / Rightbiz
Historic, 17th century town centre freehouse
Three character trading areas providing lounge, bar and restaurant
2/3 former letting bedrooms
Owners’ suite and additional accommodation
Currently closed
In same owners’ hands for 33 years
The market town of Hay on Wye is considered the literary capital of the British Isles, renowned for its annual arts festival. Hay on Wye lies on the southeast bank of the River Wye and stands on the Wales/Herefordshire border. It is also within the Brecon Beacons National Park, just north of the Black Mountains.
Hay on Wye, known as ‘The Town of Books’ is a patchwork of interwoven narrow streets with many bookshops, boutiques, antique shops, pubs, restaurants and hotels located therein.
The Rose & Crown (formerly part of the larger ‘Crown Hotel’ which no longer exists), is an attractive, stone-built, 17th century, Grade II listed property which has a wealth of period charm and character with exposed stone, and beamed walls and ceilings. It has been in the same owners’ hands since 1993. During the first nine years of ownership, our client operated it himself; it has then subsequently been let to independent tenants for over 20 plus years.
The Property
The property offers three character trading areas providing lounge, bar and restaurant, catering kitchen, 2/3 former letting bedrooms, an owners’ suite and additional accommodation.
The accommodation is need of investment, and the trading areas do require refurbishment. Nevertheless, this is a great opportunity to buy a competitively priced, substantial historic building in the heart of this renowned town.
The property is briefly described as follows:
Trade Areas
There are three trading areas at the ground floor: the MAIN BAR with fully equipped bar servery having stripped, pine panelled frontage, an open fireplace and assorted seating. The LOUNGE BAR/RESTAURANT has a wealth of period charm and character with beamed walls and ceiling, counter from bar servery, and seating for approximately 54 customers/diners. A GAMES ROOM (5m x 6m) is located to the rear with feature mullion stone fireplace. In the past, this has been utilised as a restaurant, but more recently it houses a pool table and darts throw.
LADIES’ and GENTLEMAN’S CUSTOMER TOILETS.
BASEMENT with two section beer cellar and delivery access from the rear.
The first and second floors are split into three designated areas: historically, there were 2/3 letting bedrooms with a residents’ bathroom. This has been reconfigured and two of these rooms now interconnect, and the former bathroom is now an en suite to another bedroom but is not furnished.
Also at first floor is the former accommodation which comprises LOUNGE, KITCHEN, and DOUBLE BEDROOM with EN SUITE SHOWER ROOM. Staircase to mezzanine level with small CONSERVATORY AREA previously utilised as an additional reception room.
On the second floor, off a separate staircase, are COMMERCIAL FACILTIES to include a large CATERING KITCHEN with nonslip floor and galvanised extraction canopy, dumbwaiter access to the ground floor trading areas, and a selection of catering items and equipment. Also at second floor is a good size OFFICE with EN SUITE/STAFF BATHROOM.
External
To the rear of the property is a raised and covered decked area with fixed seating.
When the old Crown Hotel was split up into smaller properties, The Rose & Crown was granted rights in perpetuity to six spaces in the rear car park.
As previously stated, the property has been let to independent tenants over 20 years therefore our client (the freeholder) has no access to trading information. Prospective purchasers will need to reach their own conclusions as to the trading profitability which can be enjoyed at this outlet.
FREEHOLD £350,000 to include any fixtures and fittings. Stock at valuation in addition.
A Premises Licence is held permitting the retail of alcohol:
Sunday to Thursday: 10:00 - 00:30
Friday and Saturday: 10:00 - 01:30
All mains services are connected.
Rateable Value: £11,200 from 01 April 2026.
Local Authority: Powys County Council.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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