FOR SALE
15/04/24
609816
94774 / Rightbiz
Sea front Youth Hostel
11 Bedrooms (61 beds)
Two self contained 3 Bedroom Flats
Dining Room (50), Games Room, Catering Kitchen
Attached Classroom Block
Outbuilding & Car Park
A substantial building of approaching 9,000 sq ft, known as “Morlais”, an Edwardian house which was originally two separate dwellings constructed in 1908. The property was initially transformed into a Youth Hostel in 1952, and extended into the adjacent building in 1970. It is arranged across three storeys, on the sea front, with the top two storeys having sea views.
The iconic coastal resort of Borth stands on the Cardigan Bay coastline midway between the Dovey and the Ystwyth Estuaries some seven miles north of Aberystwyth. Borth is located on the Ceredigion coastal path and is a large village of approximately 1,500, which more than doubles during the summer months when the holiday parks, resorts and hotels are full of tourists. Borth is renowned for its sea front, with an extremely long stretch of sandy beach. This area is synonymous with outdoor pursuits for which this property's location is ideal. Borth is surrounded by two protected sites, the Cors Fochno Peat Bog which is immediately to the rear of the property and the magnificent Ynyslas sand dunes, part of the Dovey National Nature Reserve. The coastal path is popular with walkers, as are the adjacent Cambrian mountains and Snowdonia National Park.
The Youth Hostel occupies a substantial building of approaching 9,000 sq ft, known as “Morlais”, an Edwardian house which was originally two separate dwellings constructed in 1908. The property was initially transformed into a Youth Hostel in 1952, and extended into the adjacent building in 1970. It is arranged across three storeys, on the sea front, with the top two storeys having sea views.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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