Specialist business property adviser, Christie & Co has announced the sale of Llwyncelyn Hotel in Porth, Rhondda Cynon Taff.
Llwyncelyn Hotel is a large, late 19th century, purpose-built public house and hotel that sits in a three-storey building made of solid stone with an attractive carved, classical style entrance way. The Llwyncelyn Hotel is one of the most established public houses in the area, with a loyal customer base and a long-standing reputation for quality food, drink, and entertainment. The venue hosts live music fortnightly with karaoke on the weekends and is a popular venue for darts and pool games.
Since 2012, the site’s owners have significantly improved the fabric of the building, making such amendments as installing a new commercial kitchen, new doors and uPVC windows, and totally rendering the back external elevations. The main building and barn have also benefited from new roofs and new boilers were installed in 2018. Despite all these updates, there is still plenty of development potential in this site, allowing the new buyer to expand on the business and grow profits.
Llwncelyn Hotel is located on a prime corner site in the centre of Porth in the Rhondda Valley in South Wales, at the junction of North Road and Llwyncelyn Road and the one-way system down to Pontypridd Road. It is close to the retail town centre and a short distance from Porth railway station. The town itself is a densely populated area typified by Victorian terraced housing which has experienced some investment in recent years.
The business was purchased by its previous owner, Mr Mike Broadway, in 2012 as an investment property. Mr Broadway decided to sell as part of a re-structure of his investment portfolio.
Llwyncelyn Hotel has been sold to Mr Daniel Cox, who plans to run the business as a hands-on owner. He comments, “We plan to refurbish the bar and restaurant areas and will be offering new menus and a selection of different beers.”
Nicholas Calfe, Director of Pubs at Christie & Co, who handled the sale, comments, “The sale of the Llwyncelyn demonstrates that, despite an uncertain future for hospitality businesses, there is still an appetite for realistically priced freehold pubs that offer potential for growth and development.”
Llwyncelyn Hotel was sold off an asking price of £249,000.