Leisure and hospitality agent Sidney Phillips has announced that the Greyhound Vaults in Abergavenny has come to market on both a freehold and leasehold basis.
The Monmouthshire market town of Abergavenny has a population of 12,500 and stands at the confluence of the renowned River Usk and the lesser known River Fenni. It is self-titled as the ‘Gateway to Wales’ being approximately 6 miles from the English border with Herefordshire. As well as being set in the rich agricultural countryside of the Usk Valley, it stands in the lea of the Black Mountains, with the Brecon Beacons beyond.
Over recent years the town has become well known as a ‘gastro’ centre famed for its food festival, as well as being the location of many noted hotels and restaurants. At the very heart of this bustling and medieval market town is the Greyhound Vaults. It is an historic building being an end of terrace property of stone construction, which surprisingly is not listed.
The property is being offered for sale after 36 years in the same owners hands due to ill health and a desire to retire.
Whilst inevitably the business needs some rebranding with regard to its place for local custom, it currently trades extremely well on limited hours, principally only being the lunchtime/afternoon trade. With the excellent catering facilities it could be developed into a major dining venue.
Alternatively, its innate character and external trading areas would appeal to those looking to turn the property into a more traditional hostelry, possibly specialising in real ale.
The freehold interest of the Greyhound Vaults is available off an asking price of £375,000.
Alternatively, a new free-of-tie lease agreement is available off a premium of £20,000.
For further information about this pub for sale, other pubs and hotels for sale or to let or how to buy a business please call Sidney Phillips on 01981 250333, or email wales@sidneyphillips.co.uk.
(March 2022)