The property has remained in the current ownership for approximately 37 years and is only reluctantly offered for sale due to the retirement of the vendor.
The property comprises of a substantial imposing property sitting on a total site area of approximately 0.11 acres. The Cambrian Hotel is a combination of two substantial Victorian properties with a modern rear extension. The property trades as a licensed bar/restaurant with letting rooms and a managers flat and residential accommodation that is currently in use as student flats.
The largest element of the original Cambrian Hotel benefits from return frontage onto Alexandra Road and Union Street. This comprises of the main public bar area and restaurant on the ground floor. The bar has a capacity of 120 and the restaurant has capacity for 70 covers. The upper floors provide the 12 letting rooms,a function room, offices and the managers flat. This part of the property is four storey and is of brick construction under a slate roof cover.
At the rear of the property there is a three storey later extension which was built approximately 15 years ago. This provides on the ground floor a rear extension of the bar(pool/games room), public toilets and part of the kitchen. On the upper floors there are two three bedroom flats which benefit from a separate access off Union Street. The vendors maybe willing to consider retaining these as part of any sale, further details available from the selling agents upon request. The property is of traditional cavity construction and a part tiled and part flat roof cover.
The ground floor of the main part of the property trades as a licensed bar accessed directly from Alexandra Road along with the adjoining Le Figaro restaurant. Le Figaro offers a split level restaurant with its own kitchen and separate bar servery.
The property would lend itself to a variety of uses including continued use as a licensed premises and restaurant and conversion of the uppers to residential or student accommodation and its potential can only be fully appreciated after undertaking an inspection of the same.
The property is prominently situated fronting at the junction of Alexandra Road with Union Street in the town centre of Aberystwyth. The property is located opposite the town’s railway station and falls close to Aberystwyth's large bus station and local taxi rank. It is in close proximity to Wetherspoons and a retail development comprising amongst others Matalan, Marks and Spencers and Tesco. The property is also located within close proximity of the new restaurant conversion that is taking place of the Old Welsh School.
Aberystwyth is an established university and market town and serves as the administrative centre for the area. The population at the 2011 census was 16,420 with a significant influx of students being in excess of 10,400 per year. The West Wales Coastal town enjoys views overlooking the Irish Sea.
The town lies approximately 110 miles north west of the City of Cardiff, 76 miles south west of the town of Shrewsbury and approximately 93 miles south east of the City of Chester.
The town is accessed via the A44, A487 and A470 and enjoys accessibility via main line railway lines connecting into the major conurbations of Cardiff and Swansea to the south and Birmingham and Shrewsbury to the East.
The historic building enjoys a very prominent location in the town centre and lends itself to a variety of uses(subject to statutory consents).
Local authority: Ceredigion County Council, Canolfan Rheidol, Rhodfa Padarn, Llanbadarn Fawr, Aberystwyth, Ceredigion, SY23 3UE
Aberystwyth 0.0m, Borth 5.4m, Aberdovey 9.0m
Offers in the region £625,000 (Exclusive) plus Stock at Valuation