Kings Youth Hostel, Islawrdref, Dolgellau, LL40

Property number 54052.

Kings offers both an amazing family home and a substantial income from a successful, long established business.

Located in the middle of Eryri (Snowdonia) National Park, the hostel is surrounded by spectacular mountains, lakes, rivers and wildlife.

Set in its own wooded ravine on the foothills of Cader Idris, the location of this property is magnificent.

Within the grounds there is a camping field, ancient woodland, river, bridge and island. The scenic mountain stream has pools large enough for a bracing dip and a wild stock of salmon and sea trout.

The property is currently arranged to offer 7 letting bedrooms (with 42 beds), a further unit, which is under renovation, and 5 bedroom family / staff accommodation.

Kings is well maintained with double glazing and central heating throughout. The heating system incorporates an economical and eco-friendly thermal heat store.

All fixtures, fittings and furniture are included in the sale!

MAIN HOSTEL

Entrance Hall

Radiator, notice boards, quarry tiled floor

Office 2.21m x 1.90m

Exit to rear corridor

Lounge 5.33m x 6.78m

Dual aspect, solid fuel stove (wood burner), 2 radiators, fitted bookshelves, parquet flooring

Corridor

Storage cupboard, payphone booth, quarry tiling

Drying Room

Large walk-in room with radiator, oil radiator and dehumidifier

Self Catering Kitchen 5.87m x 5.18m

Stainless steel worktops, two gas stoves, one electric oven, 2 fridges, stainless steel double sink/double drainer, extractor fans, radiator, fire exit, ceramic tiled floor

Cloakroom

Two W.Cs and hand basin, radiator, ceramic tiled floor

Staircase

Wood panelling, fitted carpet

Landing

Store cupboard, fitted carpet

Bedroom 1 - 5.18m x 3.35m

Dual aspect, hot and cold hand wash basin, radiator, fitted carpet

Bedroom 2 - 5.18m x 3.35m

Hot and cold hand wash basin, store cupboard, radiator, fitted carpet

Bedroom 3 - 5.18m x 3.35m

Hot and cold hand wash basin, radiator, fitted carpet

Bathroom

2 showers, 2 W.Cs, 2 hand wash basins, fire escape, exit, radiator, vinyl flooring

Water processing plant

3.5 tonne water storage, thermostatic frost protection, 4 pump sets, filter systems, digital dosing pumps

Outbuilding

With 13a power supply

Utility Room 4m x 2.29m

Stainless steel sink and drainer, washing machine, tumble drier, storage shelves, radiator

Corridor

Leading back to office

Dry Store

Food storage area, quarry tiling

Commercial / Family Kitchen 8.44m x 2.97m

stainless steel worktops, commercial stove, stainless steel double sink, fridge, chest freezer, radiator, quarry tiling

Dining Room 7.97m x 5.77m

2 original fireplaces, 2 radiators, wood panelling, patio door onto garden, parquet flooring

Staircase

Radiator, fitted carpet

Landing

2 radiators, fire escape, exit, fitted carpet

Bedroom 4 - 5.10m x 2.97m

Dual aspect, wood burning stove, stone and slate fireplace, 2 radiators, fitted carpet

Bedroom 5 - 3.58m x 1.88m

Feature window, radiator, fitted carpet

Bedroom 6 - 3.43m x 2.97m

Fitted cupboard, radiator, fitted carpet

Bedroom 7 - 3.96m x 3.51m

Loft hatch, radiator, fitted carpet

Bathroom

Bath with shower over, toilet, hand basin, storage cupboard, extractor, radiator, vinyl flooring

Bedroom 8 - 4.50m x 3.76m

Dual aspect, 2 radiators, fitted carpet

Bathroom

Bath with shower over, toilet, hand basin, large window, radiator, vinyl flooring

ANNNEXE

Bedroom 9 (Ensuite) - 5.56m x 3.96m

Cupboard, 2 x hot and cold hand wash basins, toilet, shower, radiator, fited carpet

Bedroom 10 (Ensuite) - 5.72m x 3.96m

2 x hot and cold hand wash basins, toilet, shower, radiator, fited carpet

Bedroom 11 (Ensuite) - 5.56m x 3.96m

2 x hot and cold hand wash basins, toilet, shower, radiator, fited carpet

Bedroom 12 (Ensuite) 5,72m x 3.96m

1 x hot and cold hand wash basin, toilet, shower, radiator, fited carpet

EXTRA UNIT (UNDER RENOVATION)

Kitchenette / Lounge / Diner (under renovation)

Bedroom (under renovation)

Bathroom (under renovation)

THE GROUNDS

Kings is set within a site of special scientific interest (SSSI). There are approximately 6.5 acres with a camping field, fire pit, bike shed, tool shed, river, bridge, island, and ancient woodland.

Subject to the relevant permissions, the site could be developed very simply to generate its own green energy by utilising pico hydro, wind turbines and ground source heat pumps.

FURTHER INFORMATION

Kings offers great flexibility and freedom of choice.

As an existing mixed use property (composite hereditament), the new owners could choose to rearrange how the site is divided and allocate more or less of the accommodation to either the family / staff residence or business - without having to obtain further permissions.

At the moment, Kings is family owned and the business is operated by a separate company, Sea Snowdonia Ltd.

Sea Snowdonia Ltd. has over 12 months of confirmed advance reservations on it's books.

The company and all income / balances from outstanding bookings will be made available to the new owners at an additional cost to the purchase price of the property.

Kings is currently affiliated to YHA and has several other booking partners. An excellent business relationship is enjoyed with these partners and the new owners could either continue or discontinue these relationships, as is their preference. (Subject to acceptance).

Subject to planning permission, the new owners could also choose to fully develop the whole site, perhaps creating three substantial, separate residential dwellings or many more holiday lets, such as glamping chalets, for example.

Tenure: Freehold

Fully Licensed Premises

Private (free!) water supply

Private drainage

Mains electricity

LPG gas (bulk storage)

30kw solid fuel stove (log burner)

Ultrafast FTTP broadband

Business Rates currently £1,270 per annum (Rateable Value £8400)

Council Tax band A

THESE PARTICULARS ARE A GUIDE ONLY. THEIR ACCURACY IS NOT GUARANTEED AND THEY DO NOT FORM PART OF ANY CONTRACT.