Increased activity in the hospitality sector is resulting in good pubs with plenty of passing trade attracting lots of interest.
Peter Brunt said: “The Nags Head is a beautifully presented pub in a prominent location midway between two busy country towns and in an area that attracts tourism too. It balances a smart letting business with five extremely smart bedrooms alongside an 85 cover bar and restaurant.”
Now available to let on a new 15 year free of tie lease the pub comes with a two-bedroom flat with open plan sitting/dining room and fitted kitchen.
“The Nags Head is a handsome red brick building with all the attributes you would look for in a property of this type.
“It makes an ideal base for visitors exploring Powys and Montgomery Castles, the iron age fort in Oswestry and Lake Vrnwy and its impressive dam.”
“The Nags Head is one of the of the landmarks on the Newtown to Welshpool section of the Severn Way Walk following the towpath of the Montgomery Canal that is just on the other side of the road from the pub.
“It is the perfect stopover for a bit of lunch and a drink or as a launch point.
“It also draws a destination business drawing trade from Welshpool (five miles) and Newtown (eight miles) which are both a very easy and short drive away.
A combination of factors personal to the first tenant led to the closure but Peter believes that the key fundamentals of location, location and location are right and that it will now be returned to its former glory.
A new lease is offered free of any brewery tie, with no premium and a starting rent of just £30,000pa.
Peter commented that his clients are looking for the right tenant who will create a successful and profitable business for the long term.
He concluded: “To be honest getting the right people as tenants is more important than the last pound of rent.”