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Market Town Centre Historic Pub In Abergavenny For Sale

Abergavenny, Monmouthshire, UK
Freehold Price:
£375,000
Lease Asking Price:
£20,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Centrally located freehouse for sale after 36 years in same owners hands
Attractive lounge bar/restaurant
Large catering kitchen
Two bedroom owners accommodation
Excellent walled trade garden

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:
New
Living Accommodation:

Two bedroom owners accommodation

Location:

Centrally located freehouse

Premises Details:

The Monmouthshire market town of Abergavenny has a population of 12,500 and stands at the confluence of the renowned River Usk and the lesser known River Fenni. It is self-titled as the ‘Gateway to Wales’ being approximately 6 miles from the English border with Herefordshire. As well as being set in the rich agricultural countryside of the Usk Valley, it stands in the lea of the Black Mountains, with the Brecon Beacons beyond.

Over recent years the town has become well known as a ‘gastro’ centre famed for its food festival, as well as being the location of many noted Hotels and Restaurants. At the very heart of this bustling and medieval market town is the subject property, the Greyhound Vaults. It is an historic building being an end of terrace property of stone construction, which surprisingly is not listed. The property is being offered for sale after 36 years in the same owners hands due to ill health and a desire to retire. Whilst inevitably the business needs some rebranding with regard to its place for local custom, it currently trades extremely well on limited hours, principally only being the lunchtime/afternoon trade. With the excellent catering facilities it could be developed into a major dining venue. Alternatively, its innate character and external trading areas would appeal to those looking to turn the property into a more traditional hostelry, possibly specialising in real ale. Although this would necessitate the removal of the disproportionately large catering service facilities at ground floor.

Energy Performance Rating:
E

Other Information

Leasehold asking price:
£20,000
Home based:
This business can be run from home.

Contact Sidney Phillips Ltd

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