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The Greyhound is a large, double fronted, detached pub situated just outside the centre of Lydney and benefits from being surrounded by a popular residential area as well as being in close proximity to the main High Street. The pub sits in a prominent and elevated position being located on a slight hill, with a good sized garden to front and side. Lydney is a town in the county of Gloucestershire and is conveniently situated on the west bank of the River Severn and is approximately 16 miles south west of the city of Gloucester.
Pub Layout
Access to the Greyhound is both via the front door from the road and to the rear via the spacious beer garden. On entering the Greyhound, you will notice that there are two distinct trade areas which are interlinked and are both serviced by the good sized central bar. The smaller side of the trade area is currently used as a pool table and darts zone at present, however, this could be further utilized as a small function room. The main bar area in an L shape, has an open fire, lots of TV’s and a mixture of seating. To get to the main entrance a customer has to walk past a good sized beer garden to the front and side of the property.
The private accommodation consists of three bedrooms, lounge/office and a bathroom with separate toilet.
Annual Rent: £21,750 (Initial startup rent of £300 p/w (net) available)
Security Deposit: £5,000
Working Capital: £2,500
Stock: £2,500
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
I am looking for a passionate and driven individual or couple who have excellent retail standards. Ideally the best person for this pub would be someone from the local area who can reconnect the pub back with the local community. They will need an active rhythm of the week and a strong marketing plan with good social media presence to ensure the business is being driven forward.
The new licensee could also look to introduce a back bar food offer and encourage more families from the community as well as introduce innovative drinks offers to put the pub at heart of the local town again. Focussing on re-stablishing the day time drinking trade as well as re-connecting with sports teams and re-introducing rugby via BT Sports would increase the footfall and promote the welcoming feeling that the pub can hold. Music and sports have always been a key element in driving the business at this site and someone who can maximise on this would aid the pub in reaching it’s full potential.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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