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Guide Price: £1,100,000.00

Modern Method of Auction

Patricks Hotel , 638 Mumbles Road , Mumbles , SA3 4EA

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CURRENT BID*

£1,000,500.00

(Place a bid)

AUCTION CLOSED

Lot Number: 14592671

Property ID: 45607076

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

The minimum current bid is £1,001,000.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

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Guide Price

£1,100,000.00

Method of Auction

Modern

Property Type

Commercial

Number Of Beds

5+

Tenure

Freehold Property

Address

Patricks Hotel

Key Features

Exciting Development Opportunity
Operational business opportunity
Versatile investor opportunity
Situated on the doorstep of Mumbles Promenade
Yards from the seafront
Located in the heart of a resurgent and vibrant restaurant and bar culture
Good transport links to the newly built Swansea Arena
Planning permission granted for residential *Call for further details*
Guide Price £1,100,000-£1,300,000
Auction pack available on request
Mortgage buyers welcome

Description

Tenure: Freehold

Patricks with Rooms has been a family run establishment for over 20 years and has served as a fantastic venue for the Mumbles community. Having expanded the premises into a larger bar and restaurant and having developed a large and ever-growing client database, Patricks with Rooms is one of the last remaining opportunities in Mumbles yet to be developed. Patricks offers huge potential to a keen investor or property developer.

The property encompasses three developments by the current owners, conjoining 638,636,634 Mumbles Road, although currently trades as one single property, it could easily be split back into three separate units. The property also comprises three trading floors, with public and back of house areas plus, three large attic spaces that would further add to the development potential.





Patricks not only has a fantastic commercial aspect with the restaurant and bar area to the ground floor but has also a great name for hospitality suites and executive rooms. These areas of Patricks have now had planning to be converted into five, three bedroom maisonettes. When finished, these properties will be highly sought-after with sea views over Swansea Bay and an enviable location in the heart of Mumbles and just yards from the seafront promenade. Each of these properties will boast three double bedrooms, Master en-suite and open-plan living with elevated sea and promenade views. Once constructed, these maisonettes will be a valuable investment.

This is a great opportunity to offer something new and bespoke in the heart of one of Wales’ most desirable and well-known coastal areas.

This property currently trades as a luxury 10-bedroom hotel, large restaurant and lounge bar serviced by a generous commercial kitchen.

https://www.patrickswithrooms.com/

Alternatively, there is potential for any keen investor or operator to utilise or lease the Commercial units on the Ground Floor whilst offering to rent out the existing rooms to holiday makers and/or people visiting the area for business reasons.

For further information and to arrange your viewing, contact our office at your earliest opportunity. Viewings are highly recommended to appreciate this iconic venue and superb location.

Entrance:
Patricks has a main entrance set just off Mumbles front, with easy access to and from the beachfront and promenade. Entry is gained via the front entrance into Patricks main Bar and Lounge area.

Lounge and Bar:
The Bar is set in the Lounge area and conveniently has access to both the gents and ladies bathrooms as well as having access to the rooms above via a spacious staircase which also benefits lift access. The Lounge is set over two levels and looks out onto the Mumbles front and Southend Gardens.

Restaurant:
Patricks restaurant is well known for its exquisite fine dining and atmosphere, a place where you can really capture the essence of eating out with friends and loved ones. This establishment has hosted a vast number of celebrity guests who have enjoyed their stay and returned to enjoy on an annual basis.

Rooms 1-10:
All rooms are dressed impressively with sea and park views to the front and each with it's own large en-suite or executive bathroom.

Exterior:
The rear has an external terrace mixed with a range of planted pots and fire escape routes from the main building. There is an easement in place from the terrace, onto 642 Mumbles road, for the purpose of emergency exit only.

**Auction terms**

This property is offered for sale by the ‘modern method of auction’ through an Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried

out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice.

PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE.



Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid.



**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.



**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Property Brochure

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Property Auction Pack

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EPC

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Floor Plan

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**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: SA3 4EA

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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