Late-Night Licensed Pub with Large Beer Garden for Sale on Chepstow Road, Newport
City of Newport, Newport
- Status
FOR SALE
- Advert ID
615609
- Rent: £26,000 (£2,167 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Key Features
- Price Reduced
- Price Further Reduced
- Prime Location
- Vacant/Empty Premises
Business Details
Pub For Sale Chepstow Road, Newport
Key features
- Maindee pub/bar with 1am licence (Friday/Saturday) 12am (Sunday – Thursday)
- Ground floor bar area
- First floor accommodation area
- Large beer garden
- No ingoing fee
- 1 month rent free
Description
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 subject property has had a number of names over recent years, currently “Bar 157” but previously known as “The George”. It is located in the popular Newport suburb of Maindee, approximately 1 mile from the City Centre.
It offers good, easy to operate trading areas at ground floor and a second floor area with accommodation. There is a large external beer garden. The second floor features areas for potential accommodation opportunities or owners residence.
Key Details
· Current Rateable value £15,500
· £500 per week rent
· Full repairing and insuring lease
· Available immediately
Fixtures & Fittings and Goodwill
The business is leased “as is” and any non-fixed assets that remain in the property are available for the tenants use.
Premises Licence
The premises benefits from a late licence authorizing trade during the following times:
Sale by retail of Alcohol, Playback of Recorded Music, Performance of Live Music
Monday to Thursday 10:00 - 00:00
Friday and Saturday 10:00 – 01:00
Sunday 11:00 - 00:00
Sunday prior to a Bank Holiday 11:00 - 01:00
New Year’s Eve 10:00 - 02:00
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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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