The Old Swan, Abbot Street, Wrexham

The Old Swan dates back to the 1811 and sits in the heart of Wrexham city centre. The city offers a wide variety of retail and hospitality outlets and the pub is located on its main drinking circuit. Wrexham has a population of 61,000 and is situated between the Clwydian mountain range and the Lower Dee Valley, neighbouring the county of Cheshire. The area has plenty to entertain visitors, including cultural and historic treasures such as the 16th century Gothic Church of St Giles and 1200 acres of National Trust land, in addition to Wrexham AFC which has put the city on the map in recent years, thanks to the club’s Hollywood owners and their international fame.

The town centre is orbited by a ring road. The A483 which provides access to Chester northbound and Oswestry southbound. The B5430 connects to the A494 to the west and provides access to North Wales’s coastal towns and Snowdonia National Park. Wrexham has four railway stations offering services nationwide and there are numerous bus links serving the town.

The property holds an end terrace position with its frontage being of brick construction with rustic render under a pitched tile roof. Note: only the ground floor of the property is being marketed.

TRADE AREAS
MAIN BAR which comprises an L-shaped, wood panelled bar servery, wood flooring, exposed brickwork to walls and a brick chimneybreast with log burner. Seating for 40. To the right of the main bar at the front of the building is a cosy LOUNGE area with brick chimneybreast and sofas and loose seating for 15 guests. To the rear of the building is a small GAMES AREA featuring a pool table and games machines with LADIES’ and GENTLEMEN’S TOILETS offset.

TRADE KITCHEN with tile flooring, PREP and WASH areas and a good selection of catering equipment.

EXTERNAL
From the main street, an alley leads to a well-presented, decked COURTYARD which features loose and sheltered seating for 60 and has a BRICK OUTBUILDING offset. Paved TRADE PATIO to the rear of the MAIN BAR with sheltered DECKING area for 30 patrons. One PRIVATE CAR PARK SPACE to side of the building.

This is a fantastic opportunity for an enthusiastic and motivated operator or chef to take over this historic Wrexham public house. The Old Swan is an established business with a strong and loyal customer base, and whilst the business has recently been run as a wet-led venue (which is popular with locals), its city centre location means there is scope to introduce a food offering. Our client has advised that net sales are in the region of £300,000 per annum.

Current opening hours:
Monday – Thursday: 12:00-01:00
Friday & Saturday: 12:00-02:00

FREEHOLD £295,000 to include the goodwill, fixtures & fittings. Stock at valuation in addition.

LEASEHOLD: £12,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
TERM: Seven years.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord's consent. Consent not to be unreasonably withheld.
BOND: A bond equivalent to three months’ rent in advance.
RENT: £26,000 per annum, paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Full repairing and insuring lease agreement.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT is payable on the rental payments.

The Property is elected for VAT. VAT will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. The sale will be treated as a TOGC and therefore no VAT will be payable on the freehold price or leasehold premium. Purchasers may wish to satisfy themselves with independent advice on this matter.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

A full Premises Licence and Food Licence is held.

Licensed hours:
Monday – Thursday:10:00-02:00
Friday & Saturday: 10:00-03:00
Sunday: 12:00-02:00
Christmas Eve & Bank Holidays: 10:00-03:00

All mains services are connected.

Local Authority: Wrexham County Borough Council, The Guildhall, Wrexham, LL11 1AY.
Telephone:

Rateable Value: £25,950