Freehold Public House For Sale

Business description

Bag a Business is delighted to offer this excellent opportunity to procure a public house/development site, with potential for a plethora of alternative uses (subject to planning permission). Our clients have owned the business for over 10 years and are only now placing it onto the market due to their wish to retire. The site is situated to the south of the town, which is benefiting from significant investment in preparation for the 2010 Ryder Cup. The site is ideally located to take advantage of the huge number of tourists and visitors attending the tournament, whilst the area is guaranteed to become more popular after the event due to the number of attractions currently under construction. We are also informed by our client that there is a new university site to be built within half a mile of the Picton Arms. The building would lend itself to many applications, including a hotel, restaurant, bar/nightclub or perhaps conversion to residential flats (subject to planning permission). Alternatively, the business could be maintained and developed further, as it would currently
offer a prospective purchaser a base turnover of £6,000 per week and a loyal customer base. We feel this offers an excellent opportunity for a new owner to implement a highly profitable business and take full advantage of the massive boom in the Newport economy that is expected. Early discussions are strongly recommended.

Property information

Property:

Freehold

Living accommodation:

PROPERTY DETAILS An imposing three storey building of brick and stone construction situated underneath a pitched tiled roof. The building boasts an attractive render with imitation wooden beams to the front aspect. GROUND FLOOR Two bar areas with extensive seating Storeroom Pool room and function suite Access to rear beer garden W/Cs FIRST FLOOR Two bedroom self contained flat - currently let One bedroom self contained flat - currently let Four bedroom self contained flat - currently let BASEMENT Two beer cellars Games room with dedicated bar Two large rooms currently utilised for storage EXTERNAL Beer garden with timber constructed dedicated smoking area

Location:

The Picton Arms is situated in an ideal trading location, close to both the town centre and Newport docks. There is ample on-road parking surrounding the site, whilst there are also two free car parks in the near vicinity. The business benefits from a high daily footfall of people travelling into the centre of Newport, as well as from the police station, which is just 50 metres away. The town of Newport is undergoing substantial development at present, due to the visit of the Ryder Cup in 2010, the regeneration plan is to include features such as a bypass running along the south of the town and a new commercial and retail complex, which will attract new visitors to the southern and dock areas of the town. Newport is easily accessed from the M4 motorway.

Other information

Trading hours:

Mon - Sat: 9.00am - 2.00am Sun: 9.00am - 12.00am