Llanwern is a village and community on the eastern urban-rural fringe of the City of Newport, Gwent.
Llanwern is bounded by the M4 motorway to the north, the River Isk to the west, the River Severn to the south and the city boundaries to the east.
Gallagher Estates are in the process of building 1100 new homes all within walking distance of this lovely business. The development also includes a doctors' surgery and primary school, but no licensed premises, leaving this business as an unopposed Inn and Hotel within this expanding area.
The village offers easy access into the City of Newport and the M4 motorway, both being within 2 miles.
This substantial inn is of local stone construction, under a pitched, tiled roof, occupying an excellent prominent corner position within the village of Llanwern, Newport, Gwent.
The Lounge Bar/Dining Area (circa 50) is a lovely welcoming room with its feature fireplace, carpeted floors, bar server and traditional quality furnishings.
The Restaurant/Function Room (circa 60) is a pleasant room to the front of the property offering an excellent area for dining or functions. The room consists of carpeted floors, bar server, exposed stone walls and doors to the patio terrace area.
The Snug Bar (circa 10) is an intimate room for the local’s. This area benefits from carpeted floors, bar server, feature fireplace and TV.
There is a Ground Floor Cellar offering a python system and coolers.
Ladies and Gents W.C.’s.
There is a Commercial Catering Kitchen offering stainless steel appliances (not tested) and work surfaces with separate prep and wash up area along with a Walk in Fridge.
One of the letting bedrooms can be used for the owner’s accommodation.
Situated on the first floor are 6 En-Suite Letting Bedrooms consisting of 3 Double/Twin, 1 Deluxe and 2 Singles all recently created and in excellent condition.
To the front of the building is a lovely Terrace Patio Area offering seating for approximately 80 customers.
This successful business also benefits from a large car park for 26 cars.
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Mon - Sat 11am - 11pm
Sunday Midday - 10.30pm
Current opening hours are:
Mon - Sat 4pm - 11pm
Sunday Midday - 10.30pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The property and business is being offered for sale as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1. The asking price will be £29,950.
2. The initial rent will be £25k per annum rising to £30k after the 1st year.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable quarterly in advance.
5. Lease assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
The property offers all mains services along with being heated with gas central heating (no services tested). Business rates payable are advised as being free of charge.
The current owners purchased the property and business in October 2007 and have developed the property extensively over the past few years.
The property is being offered in excellent condition along with offering considerable scope to increase all aspects of the business with the introduction of 1100 new homes all within walking distance of the business.
This is an opportunity to acquire a lovely business in a very unique position!
We are advised turnover for y/e 03/17 is £166,000 (inc VAT) with a trade split of 50% letting, 30% food and 20% wet.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.