Old Black Lion - Sales Details - 2019 V3

FOR SALETHE OLD BLACK LION26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD

Offers in the region of

£650,000 – Freehold

THE OLD BLACK LION, 26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD

INTRODUCTION

The Old Black Lion is a stylish traditional inn,

arguably the best such offering in this well-

known, and much-loved town. It is room and

food orientated and letting rooms are

tastefully refurbished. The business is

currently run by one owner with the

assistance of very reliable staff. It occupies

a quiet position close to the centre of Hay,

famous throughout the world for its

numerous bookshops and its popular literary

festival which draws huge crowds for ten

days. Presented in particularly good order, it

offers the potential of a managed investment

in a notable establishment or a lifestyle

opportunity for directly involved owners.

Although internationally known for its

literary achievement, Hay offers much more

to visitors. With the Brecon Beacons to the

west and the Black Mountains to the south

the area is well known for its outdoor

activities including fishing, canoeing and

pony trekking. The Wye Valley path and

Offas Dyke, which passes through the town,

attract many walkers. For the hardy

vacationer, a fine evening meal at The Old

Black Lion brings a pleasant close to a busy

day, and many local B&Bs direct their

customers to the inn for that experience.

Thousand-year-old Hay Castle, one of the

great Norman bastions in the Welsh

Marches, adds an intriguing underline to the

inn’s traffic potential. The Old Black Lion’s

near neighbour is currently undergoing a

multimillion pound restoration which will

create a vibrant, professionally managed

centre for artistic and educational

programmes as well as expanded capacity

for public and private events.

Since buying the Old Black Lion in 2005 the

vendor has carried out a comprehensive

programme of refurbishment. It is now

beautifully presented and should need little

further expenditure for some while. If a

project is sought, the adjoining cottage

available as an optional extra provides an

opportunity to create top class owners

accommodation, further trading

accommodation or a blend of both

depending on the purchaser’s aims. The Old

Black Lion is only being sold as the vendor

has decided to retire from the business.

SUMMARY

• A wonderfully characterful I0-bedrom residential inn with a very well-

regarded restaurant.

• A high-traffic town, internationally known for its bookshops and immensely

popular literary festival, perhaps the UK's biggest and best.

• Potential for higher turnover, significantly reflecting the multimillion- pound

restoration of nearby Hay Castle as an event venue and centre for the arts and

education.


THE PROPERTY

The Grade II listed property is thought to have its origins in the 13th century,

but the present building is, we understand, mainly 17th century. It takes its

name from what was known as the Lion Gate, one of the original entrances

into the walled town. It has colour washed elevations under slate and flat roofs

and the accommodation is arranged on ground and first floors with an

extensive basement cellar.

PUBLIC AREAS

There are front and side doors, the front door leading into a hallway off which

is a most attractive carpeted Bar/Restaurant seating about 40 with many

exposed heavy wooden beams and pillars and attractive furniture. Log burner

in stone fireplace and chimney breast. The Den seats about 20 and is another

attractive room with feature stone fireplace.

LETTING BEDROOMS

10 letting bedrooms to sleep 18 (6 double, 2 twin, 2 single), one is the

atmospheric Cromwell Suite with its own galleried seating area. Two rooms

have en suite bathroom and WC and seven en suite shower and WC and the

10th bedroom has its own private bathroom. All rooms have central heating

radiator, direct dial telephone, colour television, tea and coffee making facilities

and hairdryer. Four rooms are in the detached Coach House.

OWNERS FLAT

At present there is no designated accommodation for an owner but there are a

number of options within the inn as well as the availability of an adjacent

cottage (see below).

SERVICE AREAS

Kitchen, walk in refrigerator, walk in deep freeze, extensive basement area

OUTSIDE

To the rear is a tarmacadam car park and a pretty paved patio with outside

lighting. An adjacent shed stores folding tables and chairs for the festival-time

crush of diners, many Christmas parties and other special events.


SERVICES

Powys District Council at Brecon

(01874 624141). Main gas,

electricity, water and drainage.

Cooking and heating by gas.

LICENCE:

Full on licence

2019 LISTINGS:

AA hotel guide 4 star 1 rosette.

WEBSITE

http://www.oldblacklion.co.uk/

TRADE

Trading information will be made

available to seriously interested

parties, normally at the point of a

viewing.

PRICE

Offers in the region of £650,000

for the freehold complete with

goodwill and trade contents

(according to inventory), but

excluding personal items. Stock at

valuation.

Also available

A derelict cottage and garden

adjoining The Old Black Lion,

separately owned by the vendor,

were acquired for eventual

expansion and preliminary

permission for rebuilding was

obtained in 2016. The initial plan

envisions a cottage with up to

three bedrooms while alternative

schemes incorporate increased

dining capacity and guest

accommodation directly attached

to The Old Black Lion.

The vendor’s residence, a

spacious 2-bedroom cottage that

was doubled in size in 2008/9.

This is adjacent to the inn and

could be considered in the

transaction. It has an extensive

lawn and terrace area and

separate parking. Positioned at the

edge of Hay, it and the inn itself

have open views of nearby fields.

Directions

Brecon 17 miles, Hereford 22,

Abergavenny 28, Cardiff 60,

Cheltenham 62, Bristol 78, London

185.

TO VIEW

All appointments to view must be

made through the vendor’s agents

who are acting with sole selling

rights.


www.colliers.com/uk/hotels


Disclaimer

Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers,

Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any

representation or warranty whatsoever in relation to this property. (Insert date) Colliers International is the licensed trading name of Colliers International Business Space UK LLP which is a limited liability partnership registered in England and Wales with registered number

OC385143. Our registered office is at 50 George Street, London W1U 7GA.

FURTHER INFORMATION

For further information or to arrange an inspection of the

property, please contact:

Peter Brunt LLB DipLE MRICS

Tel: 0117 917 2000

Mob: 07885 096857

Email: [email protected]

IDENTITY CHECKS

In order to comply with anti-money launderinglegislation, the successful purchaser will berequired to provide certain identificationdocuments. The required documents will beconfirmed to and requested from the successfulpurchaser at the relevant time.

Old Black Lion - Sales Details - 2019 V3

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