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Pub for sale

SOUTH WALES

£185,000

Property Description

Key features

  • Excellent High Street location within the bustling South Wales town of Port Talbot.
  • Superbly presented Open Plan Bar Area (capacity 200) presented in a modern style.
  • D.J Booth and pool table. This area can also be utilised as a café in the daytime.
  • 3 Self Contained Flats offering rental potential or living accommodation on separate negotiation.
  • Ground Floor Cellar
  • Advised t/o for y/e 03/15 is circa £240,000 (inc vat) on a 100% wet trade basis with a recon net profit of £43,000.

Full description

Tenure: Freehold

Ref 7622 FREEHOLD

AN EXCELLENT OPPORTUNITY TO ACQUIRE A PROFITABLE HIGH STREET BUSINESS WITH FURTHER CATERING POTENTIAL

LOCATION
This modern style high street bar has a prominent location on Station Rd, Port Talbot.
Port Talbot is a town in Neath Port Talbot, South Wales with a population of 35,633 in 2001. The town is built along the eastern rim of Swansea Bay in a narrow strip of coastal plane surrounding the River Afan Estuary. Swansea is visible on the opposite side of Swansea Bay.
The town boasts two beaches, Aberavon Sands and Morfa Beach.
The town is renowned for heavy industry with the Port Talbot Steelworks clearly visible along with various waterside industrial plants offering excellent employment opportunities.
The town is served by the South Wales Main Line which offers direct intercity trains to Swansea, Cardiff, London and Manchester. The M4 motorway cuts through the town from southwest to northwest, crossing a central area on a concrete viaduct, junctions 38 to 41 serve Port Talbot.

THE PROPERTY
This prominent high street bar is of brick construction, under a pitched, tiled roof, occupying an excellent prominent position within the town of Port Talbot.

The Open Plan Bar Area (capacity 200) is a long room with a large bar server stretching along the side of the room. The bar area benefits from a mix of wood, carpets and tiled flooring, D.J Booth, 3 plasma t.v’s and a pool table. This modern room offers removable windows to the front of the property and is ideal for a café/coffee shop in the day.

There is a Ground Floor Cellar offering a python system and coolers.

Ladies and Gents W.C.’s.

OWNER’S ACCOMMODATION
The owner’s accommodation is situated on the 1st and 2nd floors and comprises of 3 Self Contained Flats:
1st Floor Flat – Lounge, Kitchen, Bathroom and Double Bedroom.
1st Floor Flat – Lounge-Double Bedroom, Bathroom and Kitchenette
2nd Floor Flat – 2 Double Bedrooms (en-suite), Lounge and Fitted Kitchen.
These flats are on separate deeds and are available on separate negotiation at an additional £65,000 for all three.

EXTERNAL
The property offers limited exterior space.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

7 days per week 10am – 2am

Current opening hours are:

Tues – Wed 4pm – 1am
Mon, Thurs 4pm – 11pm
Fri 2.30pm – 2am
Sat Midday – 2am
Sun Midday – 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS
The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).
We are advised that the inn benefits from mains services (no services seen or tested). Business rates are advised as currently being circa £7,800 per annum.

THE BUSINESS
The current owners purchased this thriving business 12 years ago and are offering the property in excellent condition.
Our vendors are looking to retire and offer a profitable concern on currently limited trading hours. This offers considerable potential to exploit the daytime trade with a possible café style environment with a late night venue bar.
We are advised the turnover for y/e 03/15 was £240,000 on a 100% wet trade basis with a recon net profit of £43,000 per annum.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds


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