Regional focus on...Wales
Population (and density): 3,113,200 (383.3 per square mile)
Largest towns and cities: Cardiff, Swansea, Newport, Merthyr Tydfil, Wrexham, Barry, Neath, Cwmbran, Bridgend, Llanelli, Aberystwyth, Rhyl, Port Talbot, Caerphilly, Colwyn Bay.
What the experts say: North Wales is a mixture of industrial towns, rural areas and tourist traps, the most renowned of course being Snowdonia National Park. This rugged rural landscape with a reputation for outdoor pursuits has a huge influence on the leisure offering, and the most successful style of pub in this area is the destination foodhouse.
“The recent sale of the Celtic Arms at Northop Country Park (near Mold) to Paddock Inns, together with Frederic Robinson’s acquisition of the George III at Penmaenpool, both for seven-figure prices, illustrates that demand is still strong across the region, from border to coast. Another popular North Wales hub is Llandudno, which, due to industrialisation and transport innovation, increased in popularity during the Victorian era and has remained popular ever since, and is now the largest resort in Wales.
“The south of Wales hosts the country’s two largest cities, Cardiff and Swansea, which continue to attract the majority of demand. Major development continues within these cities, providing a range of new opportunities for pub, bar and restaurant operators.
“Corporates and multiples are also attracted to these cities, for instance City Pub Group and Brewhouse & Kitchen have recently secured a presence within the capital, while good quality independent operations, which benefit from the resident population, tourist numbers and events, particularly due to Cardiff’s Principality Stadium, are also taking up sites.”- Kevin Conibear, divisional director - head of urban markets at Fleurets
On the market elsewhere
The Royal Oak, Wetton, Staffordshire, Peak District National ParkAsking price: £50,000 leasehold
Rent: £24,000
Landlord: Private
Wet:dry split: 50:50
Turnover (annual): £200,000
Agent: Davey Co 0333 200 8788
This charming village freehouse boasts rustic-style trading areas and offers an exciting way of life and trading opportunity for dedicated owner operators. Excellent potential exists for the development of a leisure trade using the paddock to include camping and campervans on site, with the village and immediate area being a highly regarded tourist location.
Asking price: £45,000 new free of tie leasehold
Rent: £26,000
Landlord: Private
Wet:dry split: 100:0
Turnover (annual): £276,683 (inc VAT) to February 2017
Agent: Guy Simmonds 01332 865112
An open-plan bar area accommodates circa 46, plus standing. There is potential to introduce a basic food offer as there is a currently unused and partially equipped commercial catering kitchen. A ground floor beer cellar and a further ground floor cellar with additional storage service the alfresco garden bar.
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