This hugely desirable Freehold or Free of Tie Leasehold Village Inn & Restaurant is located in the heart of Llanvair Discoed.
Llanvair Discoed is a beautiful village in Monmouthshire, south east Wales. The village sits 6 miles west of Chepstow and only a few miles from the M4 motorway. Close to the Roman fortress town of Caerwent and set at the foot of Gray Hill, Wentwood forest and reservoir, an area known for its historical interest and outstanding natural beauty, ideal for fishing, walking and cycling. This historic village is named in the Domesday Book of 1086 as ‘Lamecare’. The village contains a small ruined castle believed to be built in the 13th Century. The village is nestled at the bottom of Gray Hill, an important archaeological site with earthworks and standing stones dating from the Neolithic period up to the Bronze Age. The impressive Celtic Manor Resort is only a few miles away and the area is popular for camping/glamping along with holiday cottages.
This beautifully presented freehold village inn is of stone construction, under a pitched tiled roof occupying an excellent prominent village position within the village of Llanvair Discoed, Monmouthshire.
The Lounge Bar/Dining Area (circa 30) is a traditional and well presented room offering a mix of carpeted and wood floors, bar servery area and a more low key dining experience.
The Restaurant (circa 50) is a spacious area that benefits from a bar servery area, carpeted flooring, beamed ceilings, exposed stone walls and good quality furnishings.
The Function Room (circa 60) is a superb trading area that is self-contained offering a bar server, wood floors, beams and its own entrance. This area has been used for weddings, parties, meetings and general functions.
Ladies and Gents W.C.s + disabled facilities.
There is a well-equipped Commercial Catering Kitchen with stainless steel appliances (not tested) and work surfaces along with a separate wash up area and Walk In Fridge..
The Ground Floor Beer Cellar has coolers and a python system.
The owner’s accommodation is situated on the 1st floor and briefly comprises: Two Double Bedrooms, Lounge, Kitchen/Utility and Bathroom all presented to a good standard.
To the front of the building is a lovely Patio
Terrace Area with seating for 25 customers.
To the rear of the building is a large Car park for 25 cars.
Planning consent for 8 en-suite letting bedrooms (STPP) has been granted previously.
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 11am - Midnight
Current opening hours are:
Mon – Tuesday Closed
Wed – Fri Midday – 3pm/6pm – 11pm
Saturday Midday – 11pm
Sunday Midday – 6pm
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.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new highly favourable 10 year Private FRI Lease Agreement as follows:
1.The asking premium will be £25,000
2. The initial annual rent will be £36,000
3. The annual rent is simply RPI linked to inflation every 3 years, hence no rent review
4. Rent payable quarterly in advance
5. Lease re-assignable after initial 2 year period
6. Free of all brewery and supply ties
7. Each party responsible for own legal fees relating to the transaction.
8. Our Vendors would be open to offering an ‘Option to Purchase’ to any lessee at an agreed figure.
We are advised that at the end of the term the Lease (not seen by Guy Simmonds) should be renewable with no further premium subject to the provision of the Landlord & Tenant Act 1954.
We are advised that the inn benefits from LPG, Septic Tank and all other mains services and uses oil central heating (services not tested).
Business rates payable are advised as being £2,500 per annum.
The current owners purchased the business in 2007 although had been lessees there since 1996. Our vendors are offering a highly profitable and established business that is presented to a very high standard throughout.
Our vendor clients are looking to retire and offer this excellent opportunity for new owner operators to purchase the freehold of the thriving business located within a desirable area of the country.
The business still offers further growth from an already impressive turnover with longer opening hours.
We are advised that declared turnover for y/e 02/17 was £378,841 (inc vat) with a trade split of 75% food and 25% wet.
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 on 01332 865112.
Details Prepared: Nov 2017