Four storey mid-terrace property with 8 en-suite bedrooms in immaculate condition. Newly completed extension needing internal completion to provide a further en-suite bedroom and kitchen area.
The main building itself has been used until last year as temporary accommodation with 9 self-contained en-suite bedrooms. The owner has now extended the property to add a further en-suite bedroom and kitchen/reception room. This area to the rear of the ground floor is structurally complete but requires internal finishing and exterior render to complete this project and provide 9 en-suite bedrooms.
The Heritage Hotel is situated in the centre of Porthcawl and could provide accommodation as a guest house or serviced accommodation. The property is well set up for this use with key safes in situ for every room. We are informed that the local authority used this property as temporary accommodation up until last year and we are informed that the income at that time was circa £90 per room per night or £23,800 pcm. (£285,600pa)
The building itself appears to be in very good condition and has been very improved and maintained by the current owner with just the ground floor rear area to complete.
Please see the full 3D VR walkthrough as soon as it is available.
We understand that the property has been elected for VAT but that the vendor would be willing to sell this as a going concern (TOGC). Please consult the legal pack once available for further detail.
GF - Hall, Studio bedroom with en-suite shower room. Shower room, 2 X reception.
FF - Landing, 1 X Studio with en-suite shower/WC, 2 x Bedroom with en-suite shower/WC, 2 x Store
SF - Landing, 3 x Bedroom with en-suite showers/WC. Store
TF - Landing, 1 x Bedroom with en-suite shower/WC
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 29 April 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 28 April and conclude in order from Lot 1 at 4:00 pm on Tuesday, 29 April 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
