For Sale the Old Black Lion
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FOR SALE THE OLD BLACK LION Offers in the region of 26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD £650,000 – Freehold THE OLD BLACK LION, 26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD 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. INTRODUCTION Black Lion brings a pleasant close to a busy day, and many local B&Bs direct their The Old Black Lion is a stylish traditional inn, customers to the inn for that experience. arguably the best such offering in this well- known, and much-loved town. It is room and Thousand-year-old Hay Castle, one of the food orientated and letting rooms are great Norman bastions in the Welsh tastefully refurbished. The business is Marches, adds an intriguing underline to the currently run by one owner with the inn’s traffic potential. The Old Black Lion’s assistance of very reliable staff. It occupies near neighbour is currently undergoing a a quiet position close to the centre of Hay, multimillion pound restoration which will famous throughout the world for its create a vibrant, professionally managed numerous bookshops and its popular literary centre for artistic and educational festival which draws huge crowds for ten programmes as well as expanded capacity days. Presented in particularly good order, it for public and private events. offers the potential of a managed investment Since buying the Old Black Lion in 2005 the in a notable establishment or a lifestyle vendor has carried out a comprehensive opportunity for directly involved owners. programme of refurbishment. It is now Although internationally known for its beautifully presented and should need little literary achievement, Hay offers much more further expenditure for some while. If a to visitors. With the Brecon Beacons to the project is sought, the adjoining cottage west and the Black Mountains to the south available as an optional extra provides an the area is well known for its outdoor opportunity to create top class owners activities including fishing, canoeing and accommodation, further trading pony trekking. The Wye Valley path and accommodation or a blend of both Offas Dyke, which passes through the town, depending on the purchaser’s aims. The Old attract many walkers. For the hardy Black Lion is only being sold as the vendor vacationer, a fine evening meal at The Old has decided to retire from the business. THE OLD BLACK LION, 26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD 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. THE OLD BLACK LION, 26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD SERVICES three bedrooms while alternative schemes incorporate increased Powys District Council at Brecon dining capacity and guest (01874 624141). Main gas, accommodation directly attached electricity, water and drainage. to The Old Black Lion. Cooking and heating by gas. The vendor’s residence, a LICENCE : spacious 2-bedroom cottage that Full on licence was doubled in size in 2008/9. 2019 LISTINGS: This is adjacent to the inn and could be considered in the AA hotel guide 4 star 1 rosette. transaction. It has an extensive WEBSITE lawn and terrace area and separate parking. Positioned at the http://www.oldblacklion.co.uk/ edge of Hay, it and the inn itself TRADE have open views of nearby fields. Directions Trading information will be made available to seriously interested Brecon 17 miles, Hereford 22, parties, normally at the point of a Abergavenny 28, Cardiff 60, viewing. Cheltenham 62, Bristol 78, London PRICE 185. TO VIEW Offers in the region of £650,000 for the freehold complete with All appointments to view must be goodwill and trade contents made through the vendor’s agents (according to inventory), but who are acting with sole selling excluding personal items. Stock at rights. 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 THE OLD BLACK LION, 26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD THE OLD BLACK LION, 26 LION STREET, HAY-ON-WYE, HEREFORD. HR3 5AD IDENTITY CHECKS In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser at the relevant time. 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] 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. www.colliers.com/uk/hotels.