NP20 Lyceum Tavern, 110 Malpas Road, Newport

Freehold public house investment for sale let until 2047 at a rent of £34,000 per annum

The property comprises the ground, basement and first floor of a two storey terraced corner building with brick elevations beneath a multi pitched tile roof.

Ground Floor: The ground floor comprises two open plan trading areas with a central bar servery and seating on loose tables, chairs and bench seating for 108 customers. Ancillary areas include customer WC's located to the rear.

Basement: Cellar and stores.

First Floor: The first floor comprises of a private function room with a separate bar servery as well as managers accommodation with two bedrooms, a bathroom and living room.

Externally: There is an enclosed customer area to the rear of the property with seating on loose tables and chairs for 20 customers.

The property is held freehold (Title Number WA661492).

The entire property is let to Jacoler Limited on a 25 year lease from 1 January 2022 at a current rent of £34,000 per annum which is subject to five yearly open market reviews. A rent deposit of £8,534 is held by the landlord.

The property is not listed nor it is situated within a Conservation Area.

Located in the town of Newport in South Wales, 12.0 miles (19.3 kilometres) northeast of Cardiff and 32.4 miles (51.1 kilometres) northwest of Bristol.

The Lyceum Tavern is situated at the intersection between Malpas Road and Jewell Lane in a mixed residential and commercial area. Newport train station is 1.0 mile to the south and Junction 26 of the M4 is located 200m to the north which provides fast travel to Cardiff city centre.