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The Dragon hotel in the Welsh borders town of Montgomery has been brought to the property market for £1m.
The historic Grade-II listed site is a former coaching inn, which combines a traditional timber beamed exterior with a stylishly-refurbished interior.
It features 20 letting bedrooms, a large bar and 40-cover bistro restaurant, an indoor pool, and a two bedroom cottage for owners or managers.
Vendor Mark Cadwallader and his fellow directors purchased The Dragon in 2013, and have carried out an “extensive” refurbishment programme which resulted in net revenue doubling. They are now selling the hotel in order to focus upon other business interests.
Cadwallader said: “Montgomery is a very attractive little town with a great community feel and a lovely place to live and run a business.
“It offers the best of both worlds, surrounded by the beautiful mid Wales countryside, ideal for walks and a more relaxed way of life, whilst only being 30 minutes away from Shrewsbury and the motorway network.”
Peter Brunt, director in the Hotels Agency team at Colliers International, said that both The Dragon and the Marches town of Montgomery appealed to a “diverse range” of visitors, and this broad business base was “likely to prove attractive to potential purchasers”.
He added: “At a time when there is a greater focus upon UK ‘staycation’ holidays and short breaks, The Dragon represents an excellent opportunity in a beautiful location with easy access to the whole of the Marches region as well as Shropshire.
“Offa’s Dyke trail runs just east of the town, Powis Castle in nearby Welshpool is a big draw to the area, and both Welshpool and Newtown are business centres that generate good numbers of bed nights throughout the year.”
