Pub in Newport for leasehold

This property is marketed by:
Sidney Phillips

KEY FEATURES:

• Monmouthshire substantial village public house
• Six letting bedrooms
• Outstanding gardens
• Four section bar & restaurant facilities (100)
• T/O £290,000 per annum with scope

TENURE & PRICE

LEASEHOLD £35,000 to include goodwill and fixtures & fittings. Stock at valuation in addition.

The Rising Sun is held on a full repairing and insuring agreement from Entrepreneur (now Stonegate Pub Company) for a term of 20 years commencing in September 2011.

Rent is currently £49,000 per annum plus VAT.

An incoming party will be required to provide a rental deposit to the Landlord equivalent to three months rent in advance. The lease is tied on draught beers and lagers only with the exception of one guest cask conditioned beer.

LOCATION

The village of Rogerstone stands just to the north of the City of Newport in what had historically been the County of Monmouthshire. A rich fertile area around the Usk Valley which stood bordered by the rivers of the Rhymney and Wye. The village is a very popular and desirable residential location due to its close proximity to the M4 motorway allowing easy commuting to the nearby cities of Cardiff, Newport and Bristol.

The Rising Sun is a substantial purpose built property of attractive brick construction with a modern two tier conservatory extension to the rear. It offers well appointed and maintained four section trading areas providing ample bar, dining and games facilities. The trading areas flow into what is a large trade garden and at first floor there are six letting bedrooms.