Seaside pub for sale in Llandudno Conwy with planning permission for apartments
Llandudno, Conwy
- Status
FOR SALE
- Advert ID
638823
- Reference
96029 / Rightbiz
- Call Agent:
- Freehold: £1,250,000 (Stock at valuation)
- Turnover: £450,000 (£8,654 per week)
- Profit: On request
Key Features
- Prime Location
- Accounts Available
- Established Business
- Fully Fitted
Business Details
CONWY SUBSTANTIAL SEASIDE PUBLIC HOUSE WITH PLANNING PERMISSION
Located in the heart of Llandudno
Substantial Victorian era public house
Two section trade area (100)
Extensive accommodation over two storeys
PP for apartments and additional building
Net sales in region of £450,000 per annum
SELLER REF 96029
he Nevill Hotel is located on Vaughan Street in the heart of the seaside town of Llandudno. The property sits directly opposite Llandudno train station and is within easy reach of the town's many attractions including its promenade, its two beautiful beaches, the Great Orme, Llandudno Pier and an array of independent retail and hospitality outlets. Llandudno is well connected, with junction 19 of the A55 serving the town via the A470. It also has an excellent public transport system with links to Snowdonia National Park, the north-west of England and the Llyn Peninsula.
The Nevill is a substantial Victorian era property on a corner plot. It is set over four storeys with a grey painted exterior under a pitched slate roof. The total square footage of the building is approximately 5,780 sq ft.
The Nevill is a wet-led public house which has been family run for nearly 50 years; our clients have decided now is the time to sell due to retirement. The public house is hugely popular with locals and passers-by alike and hosts live sports events, live music and darts/pool competitions. Our clients advise that net sales are in the region of £450,000 per annum based on wet-only sales which leaves huge potential for increased trade by offering a food menu and developing the letting rooms. Furthermore, permission has been granted for an additional building as detailed below.
Planning Permission
Planning permission has been granted for The Nevill to be converted into apartments and for the erection of a new building (on the site of the existing car park) to provide 20 apartments with underground parking facilities. Planning application number 0/45869 - Conwy Borough Council.
A Premises Licence is held for the retail of alcohol. We are advised that this is a 24 hour Licence.
Current Opening Hours:
Seven days a week: 12:00 – 22:30
All mains services are connected.
Local Authority: Conwy Borough Council
Rateable value: £15,950
VIRTUAL FREEHOLD £1,250,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Nevill is held on a 954 year lease which commenced 29th September 1973.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
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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.
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.
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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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