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Cornish hoteliers buy food-led Welsh inn

14 December 2006

Gareth and Kate Owen, experienced hoteliers from Cornwall, are the new owners of the Golden Lion, a traditional food-led pub in Monmouthshire.

The Golden Lion overlooks The Square in the village of Magor which lies between Chepstow and Newport).

It is notable for its ruined priory and for the Magor Marsh Reserve, a Site of Special Scientific Interest as the last remaining fenland on the Gwent Levels.

The Grade II-listed pub is a community hub that also attracts tourists and repeat trade from a 30-mile radius.

The business combines a public bar, a 30-seat restaurant, a games room, a first-floor function room to seat 70, two-bedroom owners' accommodation, and a beer garden with a children's play area.

Previous owner Russell Donald, who is retiring after 15 years at the inn, had also drawn up plans to convert the function into five en-suite letting bedrooms.

The Bristol office of Christie + Co sold the leasehold (which runs until 2027) off an asking price of £285,000.

By Angela Frewin

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