12:01pm Friday 25th October 2013 in News
A SMALL village pub in the heart of the Teifi Valley recently sold for a figure well in excess of the asking price.
Colliers International hotels Director Peter Brunt has agreed a sale at the Three Horseshoes, Cenarth well in excess of the asking price of £245,000, after massive interest from would-be buyers.
Peter said: “We had people queuing around the block to take a look at the Three Horseshoes in Cenarth. It’s situated between the famous Cenarth Falls and a number of popular holiday parks and makes the most of its commanding position overlooking the River Teifi.
“As well as being located on a key holiday route its main advantage is the sheer number of attractions in the immediate area which guarantee good footfall. But that qualification applies to any number of pubs and hotels in Wales, many of which are unique and special one way or another.”
Colliers Head of office Tim Davies said: “We’ve had a great season and many owners and operators have been surprised and relieved at just how quickly their prospects have been turned around. We’ve had lots of buyers after the pick of the properties like the Three Horseshoes and many have had to go home disappointed. Clearly people are returning to the market in numbers and they are ready to spend again.
The Colliers website states: “The vendor's bought the Three Horseshoes in 2005, moving from the north of England and feeling immediately welcomed and accepted by the local community.
"Having thoroughly enjoyed their time at The Three Horseshoes our clients have decided they wish to sell and retire presenting a wonderful opportunity for new owners.”