Property Details


An outstanding opportunity to acquire a highly successful and long established family run business and premises located in the heart of the historic town of Pembroke, literally 200 yards from Pembroke Castle, convenient to all major town amenities and encompassing a trading catchment area covering much of Pembrokeshire, to include the important power supply facilities at the Valero Petroleum Refinery and Pembroke Dock Power Station. Indeed, the business provides a triumvirate of highly successful aspects - notably the renowned restaurant, public bar facilities, and hotel lettings with 17 bedrooms.

Service areas

Commercial Kitchen with Preparation room, Laundry etc.

MAIN ACCOMMODATION

Ground Floor

Front Entrance Porch with double doors opening to the Inner Porch.

The Kings Bar (6.9m x 6.2m approx)

with fully fitted Bar area ..................

Lounge Bar (6m x 4.2m)

with covers for 20 and exuding much of the character and charm one would expect in a property of this age and design, with recessed fireplace, natural stone walls and beamed ceilings.

Main Restaurant (7.5m x 5.5m)

Part slate flag floor, recessed inglenook fireplace, beamed ceiling.

Commercial Kitchen (6m x 5.6m)

Fully fitted and providing 5 star grading for hygiene.

Wash Area

Preparation room

Staff Changing room and wc.

Main Reception Area (4.2m x 3.4m)

providing access from the Car Park - fully fitted with curved twin level Reception desk.

Ladies & Gents wc's.

Landing Area

Function/Conference room (8.1m x 6.7m)

having bay window overlooking the town centre. Decorative recessed fireplace and access to Ladies & Gents wc. facilities.

Residents Lounge

having recessed fireplace and adjacent Store room, together with Wash room.

The bedroom accommodation is on two levels and offers 17 LETTING ROOMS, all with ensuite facilities.

Further commercial accommodation includes a boiler room and housekeeping room.

From the main first floor landing the staircase rises to the second floor and the private living, or Manager's accommodation.

Sitting room

with exposed A frame roof trusses and balcony overlooking the rear.

Bedroom 1

with ensuite facilities.

Bedroom 2

with ensuite facilities.

Utility area

Separate wc.

Study

with internal staircase leading down to the private and recently re-fitted Kitchen.

Outside

Within the grounds is a large garden courtyard area which leads through an internal archway to the hotel car park, serving approx 20 vehicles.

Services

All main services connected. The hotel is heated on a triple boiler system. None of the services has been tested by the Agents.

Local Authority

Pembrokeshire County Council.

Business Rates

We understand from the Valuation Office website that the rateable value is £49,500 (52.6p rates payable in the £), Purchasers should verify this information with the Local Authority.

Tenure

Freehold interest.

Licence

Full premises Licence.

Trade

Accounts for the year ended 30 September 2018 show net sales of £683,295., and to the 30th September 2019 £721,166.

During the preceding two years the proprietors have ploughed a significant sum into refurbishing the bedroom accommodation which suggests that no major expenditure of suchlike will be required for some time.

Further details will be released to seriously interested parties usually at the point of viewing. The vendors have built up a large trade book over many years and currently have guaranteed bookings for the complete bedroom accommodation for a four month period during 2019/2020 and six month period during 2020/2021.

Stock

at Valuation.

Website

www.oldkingsarmshotel.co.uk

Viewing

All appointments to view must be made through the Vendors' Agents - R K Lucas & Son, 9 Victoria Place, Haverfordwest, SA61 2JX. Tel: 01437 762538.