A HOTEL on the Menai Strait has gone on the market for £4million, and offers hospitality, residential and development potential.
Christie & Co has been instructed to market Hotel Port Dinorwic, which overlooks the Menai Strait in North Wales.
Located in the village of Felinheli, in an elevated seafront position with far-reaching views across the Menai Strait, Hotel Port Dinorwic offers a unique combination of existing accommodation, residential assets, and "significant development potential".
The main hotel building includes a reception and bar area, lounge, conservatory, restaurant and swimming pool.
Existing accommodation in the building includes eight ensuite double bedrooms and three apartments, with many rooms benefiting from sea views.
In addition, the site incorporates a range of further accommodation, with 17 other apartments/studios as well as three cottages and a Round Tower building containing two apartments.
The property also offers a range of development opportunities, including the construction of new homes and the extension of existing accommodation, subject to planning permissions.
Having been used to provide accommodation for local people since the COVID-19 pandemic, the property is now on the market, creating an opportunity for a buyer to get their hands on an asset with multiple income streams and development potential.
Tom O’Malley, Director – Hotels at Christie & Co, commented: “The hotel has been under the same family ownership for more than 40 years and is now being offered to the market as part of the owners' retirement plans.
"Having successfully secured a range of planning permissions for various redevelopment and alternative-use schemes, the owners believe this is the ideal time to present the opportunity to the market.
"The property is expected to attract broad interest from both established hotel operators seeking to continue its hospitality legacy and developers looking to capitalise on its significant change-of-use and redevelopment potential.”
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