Velindre, Nr Newport 8 bed detached house for sale

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Velindre, Nr Newport 8 bed detached house for sale

Velindre, Nr Newport
£595,000

Price History

Initial price £650,000
19/02/25 £595,000
Price Change -8.46%

Description

This large freehold inn-restaurant, lounge, and public bars property is situated along the A487(T) in a busy tourist area, just 2.5 miles from Newport and 7 miles from Fishguard Ferry/Train terminal. The property boasts a commercial kitchen, large car park, and riverfront grounds, making it an ideal location for a successful family-run business. The property features 8 letting rooms, a residents' lounge, and a 2-bedroom flat above the business. The property is presented in good order and enjoys strong local support, with the added benefit of private parking and amenity green alongside. With a rateable value of £16,000 and rates paid of £8,560 (2023/24), this property is an excellent opportunity for an investor or operator looking to establish a thriving business in a prime location.