FOR SALE
14/11/23
602610
93720 / Rightbiz
South Wales Heads of the Valley
Edge of town substantial community pub & restaurant
Two bar public house let on annual tenancy
Restaurant and catering kitchen
Seven bedroom private owners accommodation
Outline PP for creation of 3 one bed flats with retention of public house
The town of Rhymney is located just off the A465 Heads of the Valleys trunk route which links the Midlands and the Border Counties with West Wales via Swansea and the M4. Rhymney has a population of 9,000. The Puddlers Arms is located in a residential area on the southern side of the town adjacent to the village of Pontlottyn and adjacent to the Capital Valley Enterprise Park.
Puddlers is a substantial property (almost 3,500 sq ft) providing three ground floor trading areas and seven bedroom owners accommodation at first floor. There are good enclosed external areas with convenient access from the trading area.
Outline planning permission was passed in 2021 for the creation of three one bedroomed flats, two at first floor, and one at ground floor. This will allow additional rental income for an owner, together with the retention of the public house, two bars and trade garden, as well as the ground floor domestic areas being converted into an owner’s suite of lounge/bedroom, shower room and kitchen.
The property has been partially renovated with the public house element, operating out of the lounge and public bars being let to a tenant on an annual basis. This is open and trading producing a rental income of £300 per week. The restaurant is in the process of renovation and the owner is currently deciding whether to operate himself or let. He has been provisionally offered £1000 per month for this section of the property.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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