Other Commercial Property for sale in Newport

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Large Commercial Property in South Wales - *OPEN TO OFFERS*

Newport, Wales

  • Freehold Price: £395,000
  • Annual Turnover: £26,250
Seller Reference: R06222
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Business Description
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Seller Reference: R06222
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Business Description

This is a superb opportunity to take on a 250-year-old commercial property in a beautiful coastal location which has acquired an outstanding reputation as a well-regarded pub /restaurant in the local area.

Perfect for an entrepreneur in search of a large building to accommodate a new catering or hospitality-based venture, or an individual wishing to expand upon the current business, a new owner could implement changes to get the most out of this well-furnished property.

Continuing to let the property until the lease end in 2022 would result in a profitable form of revenue. In need of minor renovations, the three bedroom flat could also be refurbished to allow for a rise in rent, particularly as it is due an increase in 2019. Perhaps transforming the property into a bed and breakfast by converting the upstairs into separate bedrooms would be another lucrative option.

Intelligent Business Transfer are now searching for a suitable buyer.
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