Gwynedd seaside village hotel is going under the hammer



A hotel on the Gwynedd coast is going under the hammer.
The Springfield Hotel on Beach Road in the seaside village of Fairbourne is in the next SDL Auctions Cheshire and North Wales auction.
It currently brings in an annual rental income of £23,400 and has a guide price of £150,000+.
Howard Elliot-Jones, commercial auction surveyor for SDL Auctions Cheshire and North Wales, said: “This is a unique opportunity to purchase a hotel that’s already yielding approximately 15 per cent rent, based on the guide price.
“There’s also the potential to expand the property to as many as 20 guest rooms,... read more

 
7 December 2017 in Business, Views: 50
Source: Daily Post
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