Leasehold Public House For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this popular and well supported public house business in such a prime trading location within Newtown. The Queens Head currently has an annual turnover of £130,000 achieving a 48%t gross profit on 100% wet sales basis. It has numerous in house sports teams and daily activities including a number of ladies and gents darts teams, pool leagues, dominoes and bingo. The premises have been meticulously maintained by our client and benefit from a high standard of fixtures and fittings throughout. There remains infinite scope to increase turnover further through the introduction of food and all day trading if desired. In addition the internal configuration of the property with 7 bedrooms, would make it ideal for a bed and breakfast operation. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original: 10 years
Remaining: 7 years
Review: 3 years
Rent: £26,000 per annum
Brewery: Punch Taverns

Living accommodation:

PROPERTY DETAILS Substantial detached property on a prominent site with extensive public areas and 7 bedrooms. GROUND FLOOR Main bar area with feature fireplace Pool room with pool table, games machine and entertainment system Ladies and gents toilets Storeroom Fully fitted kitchen FIRST FLOOR Lounge Dining area Kitchen with breakfast bar Office 2 double bedrooms Family bathroom SECOND FLOOR 4 double bedrooms BASEMENT Multi room cellar and bottle storer Front drop EXTERNAL Car park for 10 vehicles Smoking area with tables and chairs 4 picnic benches

Location:

The Queens Head is located in a prime, highly visible trading location on Pool Road within walking distance of the centre of Newtown in Powys, Mid Wales. This substantial 3 storey detached property occupies a prominent corner site with a wide frontage and ample car parking facilities. Although close to the town centre it is surrounded by a popular and densely populated residential area from which the business derives much of its trade. Pool Road is the main A483 Welshpool to Newtown Road as well as being close to the main railway station, which attracts much passing trade. Newtown is also one of the main gateways to Wales and on the primary route to Aberystwyth.