Status: For Sale
Tenure: Freehold
Turnover: £95,033
Free Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & AccommodationFree Of Tie Freehold Pub, Flat & Accommodation
Free of Tie Pub
£225,000 + SAV

Free Of Tie Freehold Pub, Flat & Accommodation

For Sale
  • Reference: 14026 H
  • Location: Abertillery, Blaenau Gwent
Hilton Smythe welcomes to the market this very well established free of tie pub, originally established in 1861. The pub has been run by the current owners for approaching 20 years who are now looking towards a well-earned retirement.

The property offers a good-sized pub area, 3 bedroom accommodation and a large 1 bedroom flat.

The pub only offers wet sales at present, so there is tremendous potential to introduce food. The owner could also look to offer accommodation to let, with the top floor offering a large 1 bedroom flat; or even renting out the 3 bedrooms and owners living on the top floor.

The pub is set within a residential location, allowing for a very good local following with an enviable amount of repeat loyal custom. Together with darts and pool teams the pub provides an important service to the local area as well as generating a good revenue for the pub.

There is an extensive inventory of fixtures and fittings to include tables and chairs in both bar areas and external garden.

TENURE

We are advised that the business is being sold as a Freehold opportunity.

HOURS

Monday: 7.00pm to 12.00am
Tuesday: 7.00pm to 12.00am
Wednesday: 7.00pm to 12.00am.
Thursday: 7.00pm to 12.00am
Friday: 2.00pm to 12.00am
Saturday: 2.00pm to 12.00am
Sunday: 12.00pm to 12.00am

STAFF

The business is run by the current owners.

FINANCIAL PROFILE

The accounting information for the year ended 2016 shows a turnover of £95,033 with a gross profit of 34%. There is great potential for this to be increased.

The owners inform me that they benefit from small business rate relief, so there are no rates to be paid on the commercial part of the property.

Rates payable on the living accommodation are £1,170 per annum.
Clynmawr Hotel is situated in a residential area in Abertillery.

Abertillery, meaning mouth of the River Tyleri is the largest town of the Ebbw Fach valley in what was the historic county of Monmouthshire, Wales. Following local government reorganisation, it became part of the Blaenau Gwent County Borough. The surrounding landscape borders the Brecon Beacons National Park.

Situated on the A467 the town is 15 miles north of the M4 and 5 miles south of the A465 "Heads of the Valleys" trunk road. It is about 25 miles by road from Cardiff and 47 miles from Bristol, offering easy access to surrounding areas.
An easily managed and well-maintained pub offering wet sales only. The property is a good size with a large beer garden with lawn and patio area for seating. Driveway for cars to the side, garage and yard area for accommodation.

Property briefly comprises: -

Ground Floor-
Large pub with main bar.
Lounge area
Men's, ladies and disabled toilets.
Skittle alley.

First Floor-

Living accommodation with:
Lounge.
Dining room.
Kitchen.
Large store room.
Utility.
3 double bedrooms.
Bathroom with corner bath.

Second Floor-

Large 1 bedroom flat with:
Lounge
Kitchen
Bedroom
Shower room

The Clynmawr also boasts gas central heating with separate boilers for downstairs and upstairs, UPVC double glazing.

Contact us today for more information

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