Specialist business property adviser, Christie & Co has completed on the sale of The Nag’s Head Inn, a well established riverside pub situated in North Pembrokeshire, close to the Carmarthenshire and Ceredigion borders.
Over the years, the previous owner has grown and developed a strong local and regional reputation for The Nag’s Head, which was selected as one of the ‘Top 10 UK Riverside Pubs’ in The Guardian in June 2017 and has been awarded a Certificate of Excellence from TripAdvisor, while also maintaining a 4.5 rating and excellent reviews on the review website.
Following three years of ownership, previous owner, Mr Miller has decided to sell The Nag’s Head to move onto new business ventures and comments, “We have enjoyed our time at the property and have invested a lot of time and effort in to turning the business around and are looking forward to focusing on our other business interests.”
New owner, Mr Dewi Davies, who also owns the nearby award-winning holiday complex, Clydey Cottages, is looking forward to taking over the reins of The Nag’s Head and putting his own stamp on the business. Mr Davies comments:
“I am delighted to be taking over the Nags Head from Steve and Tracy Miller. They have done a marvellous job over the past two years, building the reputation both locally and nationally, and we have inherited a great team. For the time being, it’s business as usual for the festive season and we are all excited about the future for the Nags Head.”
Corrina Jones, Senior Business Agent at Christie & Co’s Cardiff office, handled the sale and comments, “The Nag’s Head Inn is a well maintained public house with a warm and inviting atmosphere. I would like to wish Mr Miller all the best with his new business ventures. I look forward to seeing the business go from strength to strength under the new ownership of Mr Davies and wish him all the best for the future.
“The market remains strong for well established businesses in South Wales. 2018 has proven to be one of our busiest years in relation to completions within the region, and we are seeing no slowdown in the market to date.”
The Nag’s Head was sold off a guide price of £495,000 for the freehold interest.