3AM Licensed Pub/Bar with Two Trading Floors in Central Newport High Street, Monmouthshire
City of Newport, Newport
- Status
FOR SALE
- Date Submitted:
11/04/24
- Advert ID
609626
- Reference
94802 / Rightbiz
- Call Agent:
- Freehold: £250,000
- Leasehold: £7,500
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Close to Local Amenities
- Free of Tie Leasehold
- Open Plan Trading Area
- Prime Location
- Adjacent to Multiple Retailers
- Town Centre location
Business Details
MONMOUTHSHIRE CENTRAL NEWPORT (HIGH STREET) PUB BAR WITH 3AM LICENCE
Central Newport (High Street) pub/bar with 3am licence
Ground floor bar
First floor bar/restaurant
Catering kitchen (in need of refurbishment)
Also available on favourable private lease
The city of Newport is the principality of Wales’ third biggest city with a population of just over 150,000. A former industrial port, it stands at the mouth of the River Usk. It grew during the industrial revolution and steel was a particularly important commodity to this community and the Valleys, which stood directly to the north.
It stands on the M4 motorway which can be accessed from three separate junctions and is just a few miles distant from the capital city of Cardiff. It is also renowned as the location of The Celtic Manor Resort with its four golf courses and conference centre, which hosted The Rhyder Cup in 2010 as well as the 2014 NATO Summit.
The town has a vibrant city centre. The subject property has had a number of names over recent years, most recently ‘Bar Amber’, more historically ‘Brown Sugar’, and ‘Harvey’s’ as can be seen from its address on the main High Street, which is now pedestrianised.
It offers good, easy to operate trading areas at ground and first floor and a second floor catering kitchen which is in need of refurbishment and services the trading areas via a dumbwaiter. There is an external paved seating area.
The property is competitively priced on both the freehold and leasehold options to attract an early sale/letting.
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Listing Statistics
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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