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Property
Property description & features
- Tenure: Freehold
- 4* B&B premises with 2 self catering units
- 5 letting rooms all ensuite & a 2-bed family suite
- Situated in popular market town 3 miles from the famous Elan Valley Reservoirs
- Recently refurbished to an excellent standard
- Car park & seating area
- EPAR = B (39)
- Option to purchase two further 2-bedroomed dwellings on the site
- Vendors would consider a private loan with favourable terms to a buyer if they provide a 30% deposit
Situated in the popular tourist market town of Rhayader on the River Wye with its' interesting array of shops, cafes and restaurants. Within 3 miles of the renowned Elan Valley Dams & Reservoirs, a major tourist attraction in the area. Visitors come to see the dams as well as a number of other popular tourist attractions such as the Cilgrin Farm Kite Centre, Rhayader Pump Track, fishing, walking and biking. The coastal university town of Aberystwyth 34 miles, and the Victorian spa town of Llandrindod Wells 11 miles.
Converted by the current owners into a popular B&B, the property is well presented throughout and retains its original character. 2 self catering units have been refurbished/converted in 2022. The property can also be viewed via their website - . The Bear also possesses the following Awards - Trip Advisor Travellers Choice 2020 + 2021 (2 years running); Trip Advisor Certificate of Excellence every year since 2017 and the Hotels Combined Certificate of Excellence 2021.
The property generates a good income and offers an excellent oportunity for someone looking for a lifestyle change. The accommodation comprises
Entrance Porch
Breakfast Room with former bar servery/counter, flagged & oak boarded floor, corner seating, window seating, large stone fireplace
Kitchen with stainless steel double drainer sink unit, stainless steel wash basin, stainless steel fridge, tiled floor
BioMass Boiler Room
Cellar with low headroom
Disabled WC
Former Gents Toilets
Former Ladies Toilets
External staircase to Communal Area which serves 5 letting rooms
Bedroom 1, double with ensuite bathroom
Front Bedroom 2, double with ensuite bathroom
Front Bedroom 3, double with ensuite shower room
Bedroom 4, twin with ensuite shower room
Bedroom 5, double with ensuite shower room
Further external staircase to Family Suite 6 with Kitchen/Living Room, double & twin rooms with ensuite bathroom, walk-in wardrobe
The former Restaurant has been divided into 2 self catering units.
Unit 1
Entrance Hall, 2 Bedrooms, Living Room, Kitchen, Bathroom
Unit 2
Open plan Living Room, Kitchen, Bedroom, Bathroom
Side parking. Rear seating area. Laundry Room.
The 2 properties behind have a right of way through the side car park.
SERVICES
Mains gas, electricity, water & drainage connected. BioMass pellet boiler which also provides a useful income. 2 back-up central heating boilers.
Fire alarm panel. Camera system.
RATEABLE VALUE
£4,050 2021/22 for the B&B.
Bear Apartments Rateable Value £3,750 (1.4.23)
ACCOUNTS
Accounts are available to bona fide interested parties.
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