Public house in Newport, Shropshire, currently closed and needs complete redevelopment.
Newport, Shropshire
- Status
FOR SALE
- Advert ID
659351
- Reference
96772 / Rightbiz
- Call Agent:
- Freehold: £200,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
SHROPSHIRE VILLAGE CENTRE PUBLIC HOUSE CURRENTLY CLOSED & IN NEED OF COMPLETE REDEVELOPMENT
Affluent village located on Shropshire/Staffordshire border
Large grounds including car park & gardens
Public house (dilapidated)
Requires full development
Currently closed
The Village of Sutton is a much sought after residential location which sits on the Shropshire/Staffordshire Borders beside the main A519 approximately two miles east of the market town of Newport being well regarded as one of Shropshire’s most affluent towns and also the home to the busy Harper Adams University.
The village is also approximately one mile north of the Aqualate Mere National Nature Reserve which is the largest natural lake in the West Midlands which forms part of the Aqualate Estate including its Hall, Country House and landscaped Deer Park.
The Red Lion is situated at the centre of the village beside the A519 and, prior to being dilapidated, was a character cottage style village pub. The property itself appears to be constructed mainly of timber and brick, with a pitched tiled roof.
It is currently in a state of dilapidation and will require complete development and refurbishment prior to opening.
It offers ground floor trading with first floor private accommodation and extensive outside space including car park and trade gardens.
The property will require major investment and it would be sensible for all prospective interested parties to consider this prior to arranging to view.
Trade Areas
BAR with SERVERY and feature fireplace. DINING ROOM, PREPARATION ROOM and KITCHEN. LADIES’ & GENTLEMEN’S TOILETS,
Basement CELLAR.
Owners’ Accommodation
PRIVATE FLAT comprising 2 BEDROOMS, LOUNGE, KITCHEN, BATHROOM and WC.
External
The property sits within good sized grounds of approximately 0.80 of an acre. Draw-on CAR PARK with space for up to 50 vehicles. Raised former lawned TRADE GARDEN. Large lawned area to the rear of the property.
The business has been closed for a number of years and all prospective purchasers must make their own assessment of the potential future viability of the business.
Prior to closure in circa 2020 it is our understanding it has, for many years, operated as a traditional village pub with an element of destination dining.
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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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