Town and Country Auctions
NO FUSS, FAST & FREE
FREE AUCTION VALUATION *

This lot has been Withdrawn

Unconditional Lot - Buyers Premium Applies

Lot 14 - Broad Street

Guide Price*

£250,000 Plus 5% Buyers Premium + VAT

  • The Knighton Hotel, Broad Street, Knighton, Powys, LD7 1BL

16 EN SUITE BEDROOMS, RESTAURANT, FUNCTION ROOM AND SPA.

Features

The Knighton Hotel is believed to date from 1867 with various subsequent additions. The property which is Grade II Listed comprises two elements, a stone built building adjoining a half timbered building. The accommodation is principally arranged over basement, ground and two upper floors. There are extensive lounge areas, bar, restaurant for approximately 80 covers and a particularly impressive first floor function room for approximately 200 covers, having double height ceiling and gallery landing with attractive stone walls in part and exposed timber beams to the ceilings. There are 16 en-suite letting rooms and owner/staff accommodation including a good sized duplex flat with its own separate entrance. There is a commercial kitchen with food hoists servicing the banqueting suite, dry store, washing up section, cellars, plant room and laundry room. There is an additional satellite kitchen adjacent to the function room on the first floor. The property features from a particularly attractive Cantalibra staircase rising to the upper floors. Outside and to the rear are two timber decks that were constructed to service the main restaurant and bar. We understand that when the hotel was operational, it had 12 permits for the public car park immediately to the rear and we assume these were obtained from the Local Authority.

TRADE: Extracts of accounts for the years ended August 2014 and 2015 have been seen by us and show VAT sales of £1,064,268 in 2014 and £960,943 in 2015 these showing EBITDA of £294,427 and £280,675 respectively. We are not able to verify this information.

Additional Information

*The guide price may not always be the same as the reserve price .The guide is an indication given by the Auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but most satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

The Knighton Hotel, Broad Street, Knighton, Powys, LD7 1BL

Floorplans

Floorplan

For Sale at our Past Auction

17th December 2020

  • Public online auction - Bidding starts 5:30pm on the 17th December 2020 please see each individual lot for end times on the 17th December 2020
  • Started at 6:30pm

To enquire or view, please contact

North Wales

  • Imperial Buildings, 1-3 King Street, Wrexham LL11 1HE
  • info@townandcountrypropertyauctions.co.uk
  • 0844 8004 825

View Contact Details

Auction Finance

Unconditional Lot - Buyers Premium Applies

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Full Terms & Conditions