For Sale Kings Arthur’s Labyrinth & Craft Centre, Corris, , SY20 9RF

Award winning visitor attraction with craft centre and consent for further development Summary King Arthur’s Labyrinth visitor attraction set in an former slate mine complex, Corris Craft Centre, Café and extensive parking.

Attraction Visitors 60,000 per annum

Income from leases of nine craft units £52,000 per annum

Site area Approx 7.8ha (19.3 acres)

Car parking 120 vehicles

Planning permission granted 11 touring pitches

Lost Legends of the Stone Circle Maze

Children’s Play Area

For Sale Freehold as a going concern. Offers in the region of £700,000 King Arthur’s Labyrinth & Corris Craft Centre, Powys

Background This part of is renowned for its stunning Kings Arthur’s Labyrinth is a renowned and long scenery, beautiful coastline and fascinating established award winning visitor attraction heritage. National Park is one of the complex, which has been in private ownership most popular destinations for outdoor activities in since 1993. the UK, renowned for its walking, climbing and cycling. It has been developed over many years into a multi -facetted and successful business with recent Description (2020) planning consent to allow for further The property is a historically themed visitor expansion of the business. attraction and purpose built craft centre, which has been sympathetically owner operated for the last The principal attraction is a unique underground 28 years. boat and walking tour through an extensive labyrinth of former slate mine workings, and this is The main facilities which visitors enjoy are as complemented by a vibrant artisan craft centre, follows:- public café and shop, all set in a highly accessible picturesque location bordering Snowdonia. King Arthur’s Labyrinth - An immersive underground tour retelling the early Welsh legends The site is on a previous quarry that was the of King Arthur, through which visitors are guided subject of a significant Land Reclamation Scheme on both boat and foot. It is set within a section in the 1980s that re-routed the main road. (level 6) of the extensive tunnel and cavern system of a former Victorian slate mine. Location King Arthur’s Labyrinth and Corris Craft Centre is The visitor experience starts from the main hub located in Wales on the southern edge of the above ground with a short auditorium Snowdonia National Park between Machynllech in presentation, before the short descent to the the Dyfi Valley, and . Labyrinth entrance tunnel and on to the boat which provides the main access and egress point It is in a prominent location in an attractive for the tour. The Labyrinth incorporates a range of wooded valley directly alongside the A487 between audio and visual features and the tour lasts the villages of Corris and and on a approximately 1 hour. recognised tourist route in the region. Corris Mine Explorers - providing a more personal Machynllech is 6 miles to the south and Dolgellau guided tour of the mine not accessible through the is 10 miles to the north, both accessible via the Labyrinth, (levels 4,5 and 6) and offering a choice of A487. adventurous trips from 1 hour to half days. This is like a ‘behind the scenes’ tour of the Labyrinth

3 King Arthur’s Labyrinth & Corris Craft Centre, Powys attraction, where visitors explore the wider Braich • The Candle Studio • Delyn Glass Goch Slate Mine. • Chocablock • Agau Jewellery Lost Legends of The Stone Circle - An outdoor • Tawny Owl Toys • Spellbound Herbs maze located adjacent to the Labyrinth in which there are a series of mythical hidden stories for • Taran Eco Designs • Quarry Pottery visitors to find. • and the award winning Dyfi Distillery

Children’s Play Area - for smaller children; The remaining units are retained by the owner and including swings, a slide, climbing wall and used as a Tourist Information centre, Labyrinth climbing bars. reception, food shop and café. Y Crochan Café - a 90 cover café situated at the Y Bwtri - a small Welsh food shop leading through heart of the complex, with a further 50 external to the café and providing a range of local produce covers adjacent to the children's play area. This including artisan cheeses, condiments, wine, beers facility is open daily during the season from 10am - and general gifts. 5pm and offers both hot and cold food and drinks prepared onsite from the adjacent kitchen area. Access & Parking The café has far reaching views over wooded The property has direct access off the A487 via an hillsides of the Corris Valley, where low level fast adopted access road to extensive hard surfaced car jets can be seen training on the Mach Loop. parking for some 120 vehicles. Ice Cream Hut / Hufen Ia - an ice cream kiosk on There is excellent visitor signage on the main road the way to and from the Labyrinth within the heart including brown tourism signs from both the north of the complex, serving hot and cold drinks, scoop and south. ice cream and ready to go food. Ancillary Corris Craft Centre - Purpose built in the 1980s and comprising a series of 12 craft units. Nine units The business benefits from a separate on-site are occupied on three year tenancy agreements to office and a general store in timber cabins, individuals including: together with a maintenance workshop and storage yard.

4 King Arthur’s Labyrinth & Corris Craft Centre, Powys

Site Area Rating The current rateable values are effective from 1st The total site area of the property is approximately April 2017. 7.8 hectares (19.3 acres).

The main visitor facilities and parking occupy some Address Rateable Value 2.4 hectares (6 acres) of the total, with the Car Park £6,500 remainder being land allocated for development King Arthurs Labyrinth £15,000 and the adjacent wooded valley side. Units 1 £4,350 Services Unit 2 £4,500 Mains water and electricity (both single and three Unit 3 £4,350 phase) are connected to the property, together Unit 4 £4,350 with foul water drainage to the mains sewage system. Heating to the café and craft units is by Unit 5 £4,350 electric wall mounted radiators. Cooking is by Unit 6 £4,350 bottled gas. Unit 7 £1,900

Planning Unit 7A £2,075 Planning was granted in October 2020 for the Unit 8 Restaurant £8,600 creation of a touring caravan site for 11 touring units Unit 9 £4,200 together with the siting of a toilet block and Unit 10 £4,150 landscaping. Ref-C19/1197/02/LL. This application Unit 11 £4,200 relates to land to the north of the main visitor facilities. Unit 12 £2,250

Prior to this permission was granted in 2002 for the creation of 4 craft units, staff parking and landscaping. Ref—C02M/0145/O2/LL.

The local planning authority is .

5 King Arthur’s Labyrinth & Corris Craft Centre, Powys

The Business Websites The principal income from visitors is generated from the following sources:- • www.kingarthurslabyrinth.co.uk Catering (Café, Shop, Kiosk) 42% Labyrinth Admissions 38% • www.corrismineexplorers.co.uk Retail 20% • www.corriscraftcentre.co.uk In addition to which some £52,000 is received from the nine tenants of the Craft Centre (inclusive of a Asking Price service charge contribution). Offers in the region of £700,000 for the freehold property, fixtures and fittings and goodwill. Visitor numbers to the Labyrinth are consistently around 30,000 p.a. It is estimated that a further Stock is to be purchased separately at valuation 30,000 visit the craft centre (but these are not upon completion. counted). Further information Admission prices in 2020 were are follows:- For further information contact the sole agents: Adult Child Richard Baldwin MRICS 0113 280 8039 Labyrinth £12.65 £8.40 [email protected] Stone Circle £5.20 £3.00

There are discounts for dual admission tickets and early Dragon sailings, and children under 3 are free.

Further information regarding the business, including full trading accounts, is available to interested parties through Avison Young.

Tenure

The property is held freehold subject to the tenancy arrangements in respect of the nine Craft Centre units.

The driveway to the property off the A487 is adopted. 6 King Arthur’s Labyrinth & Corris Craft Centre, Powys

7 King Arthur’s Labyrinth & Corris Craft Centre, Powys

8 King Arthur’s Labyrinth & Corris Craft Centre, Powys

9 King Arthur’s Labyrinth & Corris Craft Centre, Powys

10 King Arthur’s Labyrinth & Corris Craft Centre, Powys

11 King Arthur’s Labyrinth & Corris Craft Centre, Powys

12 If you would like to know more please get in touch.

Richard Baldwin MRICS

+44 (0)113 280 8039 +44 (0)7920 824 875 [email protected]

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