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Admiral Taverns sells Newport's Old Rising Sun

02 February 2006

Admiral Taverns has sold the Old Rising Sun near Newport town centre in Gwent to Parvin Ali and her father.

The detached, three-storey stone property is one of 57 public houses that Christie + Co is marketing on behalf of Admiral Taverns.

It sits on the town's main road, Shaftesbury Street, and has recently been renovated.

The Old Rising Sun has an open-plan bar for up to 80 people, a 30-seat café and a three-bedroom owners' accommodation, with more space available across two upper floors.

Ali, who has gained restaurant experience in the South Wales area, plans to develop the pub into a food-led operation.

The Bristol office of Christie + Co sold the pub's 999-year lease for close to the asking price of £300,000 plus VAT.

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