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Pub - Monmouthshire In Abergavenny For Sale

Abergavenny, Monmouthshire, UK
Asking Price:
£350,000
Turnover:
Not applicable
Net Profit:
Not applicable

Located in the Usk Valley on the Main A40
Two Interconnecting Bar Areas
Five Bedroom Flat
Shared Car Park
Semi Detached Property
Currently Closed

Property Information

Property:

Freehold

Location:

Abergavenny is a market town in Monmouthshire 15 miles west of Monmouth on the A40 and A465 roads a mere 6 miles from the English Border. The town contains the remains of a medieval stone castle built soon after the Norman conquest of Wales. Abergavenny is often promoted as the Gateway to Wales and is situated at the confluence of a tributary stream, the Gavenny and River Usk. It is surrounded by two mountains. The Blorenge (559 metres) Sugar Loaf (596 metres) and five other hills.

Abergavenny provides easy access to the nearby Black Mountains and the Brecon Beacons National Park. The Offa’s Dyke Park is close as is the Marches Way, Brecon Beacon Way and the Usk Valley Walk, all passing through the town making it a highly popular tourist destination. The scenery is considered so rough and rugged that the Brecon Beacons National Park is widely acknowledged as the favoured training ground of the SAS.

The King of Prussia was acquired by the current owners approximately three years ago and the majority of the site has been converted to a Plant Hire Centre and offices for a successful local company. To the front of the original building remains the former bar areas which have not been utilised during this time. Our clients are offering for sale this section of the building together with shared use of their car parking facilities for a party wanting to reopen a traditional pub with owners accommodation above.

Premises Details:

TRADE AREAS
TWO INTERCONNECTING BAR AREAS both arranged around a CENTRAL BAR SERVERY. These trading areas have part carpeted, part slate tiled and part boarded floor. There are two fireplaces to either end of the room and there is beamed ceiling throughout. The building is currently unfurnished but could cater for between 80 and 100 customers when fully furnished. There are no kitchen or toilet facilities as these now form part of the rear of building which are the freeholder’s offices.

There are three STOREROOMS (one with an external entrance only)

OWNERS ACCOMMODATION
At first floor arranged as follows: BEDROOM 1, single (previously had been the pub’s office). KITCHEN/DINER with some fitted units and sufficient space for small dining table. Good size LOUNGE. BEDROOM 2, BEDROOM 3, double, BEDROOM 4, double BEDROOM 5, double. BATHROOM.


EXTERNAL
Attached to the building and part of the stone construction is an OUTBUILDING which has a pitched slate roof. It currently houses the oil storage facilities for the central heating.

Business Operation

Competition / Market:

The property was acquired by our clients three years ago when it was closed and had previously been owned by a Regional Brewer. It has never operated as a public house during our clients period of ownership and no trading figures are available. Prospective purchasers will need to reach their own conclusions as to the potential trade and profitability which can be enjoyed at this outlet.

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