8-bedroom property · SA70 7HW
For saleListed 890 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A great opportunity to acquire an attractive substantial grade two listed hotel, situated within the heart of the coastal town of Tenby.
With the idyllic sandy beaches of Tenby of your doorstep, you are also within walking distance to an array of local shops, church, cafes and restaurants.
Located in a prime highly sought after area on St Marys Street, there is a fantastic opportunity to develop the business further as the present owners only trade for 7 months of the year as their personal preference.
Viewing is highly recommended to appreciate all the property has to offer! The hotel is licensed and all eight letting bedrooms have en-suite shower/bathrooms.
Boasting character features throughout the property with beautiful traditional cornicing and feature bay windows on the first floor; some bedrooms also benefit from sea views overlooking South beach.
The ground floor accommodation provides the entrance hallway which leads through into a reception room which features a fireplace and bar area.
Across the hallway is the breakfast room which provides ample space for seating, and access to the hotel kitchen.
The rear of the property offers an office, utility room, and leads through into the owners accommodation.
Presently, there are two apartments which are being used by the owners, one two bedroom apartment on the ground floor and a further one bedroom self contained apartment on the top floor attic room.
The property benefits from gas central heating, and ample storage throughout.
Externally to the rear of the property there is also an enclosed courtyard, which provides a storage shed and space for outside seating.
This established profitable business could offer a buyer a lifestyle change and with expansion possible could be even more lucrative.
Planning :The property has the benefit of planning consent for the conversion into 5 residential apartments in addition to the top floor owners accommodation.
Myrtle House is located in southwest Wales in the historic popular coastal location of Tenby, which is renowned for its beautiful sandy beaches and its attractive harbour, set with the protection of the Pembrokeshire Coast National Park.
The town offers extensive amenities including a wide variety of shops, pubs, restaurants, 18 hole links course. The Caldey Island famous for its Monastery.
In addition there are many events throughout the year which attracts large amounts of visitors. Tenby is approximately 100 miles from Cardiff, 60 miles from Swansea.
There is a train service from Tenby. The Owners Say We have enjoyed running the B&B for a number of years, meeting all sorts of people. We have adapted the opening months suit ourselves.
When we first purchased the Hotel we were open all year including Christmas and New Years Eve which was extremely popular.
We enjoy a high level of repeat business including events such as Iron Man Wales.
We believe the sale of Myrtle House Hotel offers a genuine opportunity to develop the business further or develop into residential apartments in this beautiful location.
General information viewing: By appointment only via the Agents. Tenure: We are advised Freehold services: We have not checked or tested any of the services or appliances at the property.
Tax: N/a business rates payable Facebook & twitter Be sure to follow us on Twitter: @ WWProps Any floorplans provided are included as a service to our customers and are intended as a guide to layout only.
Dimensions are approximate. Not to scale.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Myrtle House Hotel, St. Marys Street, Tenby
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