Public House With Letting Accommodation In Tredegar Gwent For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving public house with letting accommodation, which was established in 1900 and which has been in our client's careful hands since 1997. The pub is only now offered to the market due to our client's other business interests. The business trades all year round and generates a turnover in the region of £210,000 per annum with a gross profit of 60%. Ye Olde Red Lion offers real ales, fine wines and spirits, along with 9 guest bedrooms. There is also a restaurant and a function room, which previously opened as a nightclub. A new owner could, if desired, re-establish the restaurant to increase turnover. We feel the business would benefit from a modest marketing campaign and the introduction of a website advertising the business and services provided. The pub is well-supported by the local community and tourists alike. The premises have been well-maintained and boast a large function room and a commercial kitchen. There is also 2-bedrom owners' apartment with lounge, kitchen, 2 offices and bathroom. This is an ideal opportunity to acquire an already busy public house in such as a desirable location with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Freehold

Location:

Ye Olde Red Lion occupies substantial 2-storey semi-detached premises, ideally located in the heart of Tredegar, Gwent. The business benefits from ample on-street parking and is surrounded by a mixture of residential and commercial properties. The pub benefits from a high footfall and much passing trade. The town's amenities are nearby including Tredegar General Hospital and a number of schools. There are numerous bus stops within walking distance and a railway station 3 miles away. The premises boast easy access to the A-road network and the M4 motorway is 20 miles to the south. Tredegar is situated on the edge of the Brecon Beacons National Park and is surrounded by picturesque countryside. The town is popular with commuters and is a highly desirable place in which to live and work. Merthyr Tydfill lies 6 miles to the west, while the city of Cardiff lies 22 miles away.

Premises details:

Substantial 2-storey corner public house premises with restaurant and 10-letting rooms. Briefly comprising:

Ground Floor
• Bar area with bar servery, seating for up to 50 and 2 x projectors
• Games area with pool table and darts board
• Restaurant currently not in use, with tables and chairs for up to 30 covers
• Function room with bar servery and raised stage
• Commercial kitchen with 6-burner gas hob and oven, fryer, grill, refrigerators, freezers, work surfaces, dishwasher and sink unit
• Store room
• Ladies and gents WCs with wash hand basins

First Floor
• 9 x twin bedrooms with en-suite bathrooms
• Family bedroom with en-suite bathroom
• 2-bedroom owners' accommodation with 2 x office, lounge, kitchen, WC and bathroom

Business Operation

Trading hours:

Mon - Thurs: 11:00am to 11:00pm
Fri: 11:00am to 12:00am
Sat: 11:00am to 1:00am
Sun: 11:00am to 12:00am