A large freehold Town Centre public house and restaurant investment opportunity, currently let at £1,000 per week increasing to £2,000 from June 2021. The property extends to approximately 30,000 square feet in total and plans have been drawn to convert the upper floors into 8 residential apartments, with an approved planning decision due prior to our auction.

Approximately 781 sq m (934 sq yds).

A planning application has been submitted to Newport City Council to convert the upper floors into 8 x 2 bed apartments with the retention of the ground floor public house (reference 19/1233). A copy of these plans will be included within the legal pack. Interested parties are advised to direct their planning specific enquiries to the local planning authority.

The property is currently let to The Victoria Garry group at a current rent of £1000 per week rising to £2000 per week from June 2021. The lease is a 10 year lease dated March 2019.

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD MARCH AND CLOSES ON WEDNESDAY 24TH MARCH.

3. The property has not been inspected by the auctioneers at the time of publishing our catalogue details. The accommodation description has been provided by the vendor and therefore cannot be relied upon for accuracy. Prospective buyers are advised to make their own enquiries.

4. The vendor has confirmed there are no arrears.