Pub/bar for sale in Plantation Terrace, Tredegar NP22, £295,000

295,000.00

Offer Nr.:
66056428
Type of ad:
for Sale
Property type:
Pub/bar
Contact name:
Sidney Phillips
Phone(s):
01981 286951

The town of Rhymney is located just off the A465 Heads of the Valleys trunk
route which links the Midlands and the Border Counties with West Wales via
Swansea and the M4. Rhymney has a population of 9, 000. The Puddlers Arms is
located in a residential area on the southern side of the town adjacent to the
village of Pontlottyn and adjacent to the Capital Valley Enterprise Park.
Puddlers is a substantial property (almost 3, 500 sq ft) providing three ground
floor trading areas and seven bedroom owners accommodation at first floor.
There are good enclosed external areas with convenient access from the trading
area.
Outline planning permission was passed in 2021 for the creation of three one
bedroomed flats, two at first floor, and one at ground floor. This will allow
additional rental income for an owner, together with the retention of the
public house, two bars and trade garden, as well as the ground floor domestic
areas being converted into an owner’s suite of lounge/bedroom, shower room and
kitchen.
The property has been partially renovated with the public house element,
operating out of the lounge and public bars being let to a tenant on an annual
basis. This is open and trading producing a rental income of £300 per week.
The restaurant is in the process of renovation and the owner is currently
deciding whether to operate himself or let. He has been provisionally offered
£1000 per month for this section of the property.

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