The specialist hotels team at the North West office of Colliers International has been instructed to sell the Carreg Bran Hotel, one of the finest hotels on the Isle of Anglesey in North Wales, by its private owner from an asking price of £1.3m.
Doug Barnett has owned Carreg Bran in Church Lane since 2006 and undertaken a complete refurbishment of the property, including the creation of a three-bed cottage for the owner or manager, but now intends to retire from the trade.
The hotel is set in approximately four acres and has 29 en-suite bedrooms, conference and banqueting facilities for 250 people, and parking for some 120 vehicles.
It is a successful wedding and conference venue and generates annual net turnover of almost £780,000 and healthy profits.
Scope exists to develop the hotel because the property was granted planning permission in 2005, now protected, to create additional bedrooms, leisure facilities and to extend existing conference facilities.
Neil Thomson, associate director, hotels agency at the North West office of Colliers International in Manchester, said: “Visitors from all over the world flock to this pretty town on the south west tip of Anglesey, famed for its name of Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch being the longest town name in Europe,which helps to assure all year-round trade from tourism and high volumes of corporate business because of Anglesey’s strong commercial links.”
About Colliers International
Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research.
In the UK, Colliers International is one the top real estate advisory organisations, employing over 700 people in 12 full service offices across the UK and Ireland.
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