7949L

DEPOSIT TAKEN - SOLICITORS INSTRUCTED - ATTRACTIVE AND HIGHLY DESIRABLE STONE BUILT ‘FREE OF TIE’ LEASEHOLD VILLAGE INN AND HOTEL FOR SALE, WITH LETTING ROOMS, WITHIN THE LOVELY GWENT VILLAGE OF LLANWERN, NEAR NEWPORT

7949L

  • Superb village position within Llanwern, near Newport. Developers currently building 1100 homes within walking distance of the business.
  • Lovely Lounge Bar/Dining Area (circa 50) & Snug Bar (circa 10) both offering character features.
  • Restaurant/Function Room (circa 60).
  • 6 Newly created En-Suite Letting Rooms.
  • Car Park for 26 cars.
  • Front Patio Terrace Area (circa 80).
  • New ‘Free of Tie’ 10 year Lease with an initial rent of £25k pa.
  • Advised turnover for y/e 03/17 is £166,000 (inc VAT) with a trade split of 50% letting, 30% food and 20% wet with huge scope to grow the business.
LOVELY ‘FREE OF TIE’ VILLAGE INN AND HOTEL IN A VERY UNIQUE SITUATION!!

ASKING PRICE £29,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

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.

THE PROPERTY

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.

OWNERS ACCOMMODATION

One of the letting bedrooms can be used for the owner’s accommodation.

LETTING 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.

EXTERNAL

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.

TRADING HOURS

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.

GENERAL REMARKS

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 BUSINESS

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.

ADDITIONAL IMAGES

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