Gwesty Cymru, a Visit Wales 5 star graded restaurant with rooms in Aberystywth, has been brought to the market by specialist business property adviser, Christie & Co.
The Grade II listed building is located on the Victorian promenade with direct views over Cardigan Bay and the town’s iconic pier.
The property has been extensively refurbished and invested in by the current owners to offer an exceptional restaurant with eight individual ensuite guest bedrooms, a bar and an attractive outdoor patio dining space with sea views.
The business has previously won a number of awards including an Institute of Welsh Affairs – Inspire Wales Award, a True Taste Award for dining, commendations in the National Tourism of Wales Awards and is recommended in the both the Michelin Guide and Good Hotel Guide.
John Coggins of Christie & Co’s Cardiff office who is handling the sale, comments:
“Gwesty Cymru is a fantastic opportunity to acquire a highly profitable restaurant with rooms in an enviable location.
“Aberystywth, a historic seaside town as well as a major retail, entertainment and educational hub, attracts a wide range of visitors from overseas and domestic tourists to students and their families. There are a number of known local attractions including the Mynach Falls, Vale of Rheidol Steam Railway, Ceredigion Coastal Path and numerous beaches, so there is plenty of opportunity for a new operator to develop the business further and take advantage of its prime location and reputation.
“The business has strong levels of year round trade, well-presented trade space and excellent levels of profitability making it an ideal purchase for both a hands-on owner or an existing operator looking to expand.”
Christie & Co is seeking offers of £795,000 plus VAT for the freehold interest in Gwesty Cymru.