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8 bed hotel
St. Marys Street, Tenby SA70
£625,000
St. Marys Street, Tenby SA70
£625,000
Our Summary
- Located in a prime highly sought after area on St Marys Street, there is a fantastic opportunity to develop the business further as the present owners only trade for 7 months of the year as their personal preference
- We believe the sale of Myrtle House Hotel offers a genuine opportunity to develop the business further or develop into residential apartments in this beautiful location
- Excellent Potential To Expand Business
- Planning For 5 Apartments
Description
This substantial Grade II listed hotel in Tenby, Wales, offers a unique opportunity to acquire a profitable business with potential for further development. Situated in the heart of the coastal town, the hotel is within walking distance to the beach, shops, and restaurants. The property has eight letting bedrooms with en-suite bathrooms, a reception room, breakfast room, and kitchen. The ground floor also features an office, utility room, and owners' accommodation, including two apartments. The hotel benefits from gas central heating, ample storage, and an enclosed courtyard. Planning consent is in place to convert the property into five residential apartments, making it an attractive option for developers or those seeking a lifestyle change. The business is currently only open for seven months of the year, offering a potential buyer the opportunity to expand the operation or develop the property into residential units.