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East Street, Rhayader, Powys, LD6

Guide Price £520,000

Commercial Property

Overview

10 Bedroom Commercial Property for sale in East Street, Rhayader, Powys, LD6

Key Features:

  • 4* B&B premises with 2 self catering units
  • Situated in popular market town 3 miles from the famous Elan Valley Reservoirs
  • Recently refurbished to an excellent standard
  • 5 letting rooms all ensuite & a 2-bed family suite
  • Car park & seating area
  • EPAR = B (39)

Former public house and restaurant newly converted/refurbished into a 4* B&B together with 2 self contained self catering units. Situated in the popular tourist market town of Rhayader with its' array of shops and amenities. Also being only 3 miles away from the renowned Elan Valley dams and reservoirs. The Victorian spa town of Llandrindod Wells 11½ miles distant and the coastal university town of Aberystwyth 34 miles.


Former Bear Public House dating back to the 16th century but now a well appointed 4* B&B together with self catering accommodation. 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 are currently under refurbishment formerly being the restaurant. The property can also be viewed via their website - www.thebearrhayader.co.uk. 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, currently being refurbished by the current owners, and will be finished for completion.

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. Please note that the rateable value for the 2 self contained holiday units is yet to be assessed.

ACCOUNTS
Accounts are available to bona fide interested parties.
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Sorry! An EPC is not available for this property.

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Aberystwyth 01970 625020
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Rural Department 01938 552371

About Us

Our residential, commercial and rural property teams are based at 10 offices in, Aberystwyth, Llanidloes, Machynlleth, Newtown,  Oswestry, Rhayader, Tywyn, Welshpool. Window display in Aberdyfi.

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