Restaurant/cafe for sale in Glebeland Street, Merthyr Tydfil CF47

Restaurant/cafe for sale
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Property description

Main features:
53.31 sq mt ( 573.93 sq ft ).
Long & well established town centre fish & chip shop.
Fully fitted & currently trading.
Sale to include the Freehold or Leasehold property.
Fixtures and fittings & business goodwill.
Viewing by appointment only via Barbara Rees Pontypridd.

Description location & directions; Due to the impending retirement of the current proprietor Barbara Rees Commercial is pleased to offer for sale this long and well established, going concern, fish & chip shop.

The property and business is located in the heart of the town centre and benefits from daytime and early evening trade with there being huge potential to grow and expand the business via longer opening hours to capture late night and weekend trade.

Barbara Rees is instructed to invite offers for an outright freehold sale or alternatively consider a leasehold sale option and all enquiries should be directed to our Pontypridd office.

Staff at our Pontypridd office will provide local directions upon confirmation of an accompanied viewing.

Viewing; Strictly accompanied viewing only, by prior appointment via our Pontypridd office and interested parties are requested to respect the seller’s privacy and not to make any direct approach or un-appointed visits to the property or staff, as this will simply result in referral back to Barbara Rees.

Gross frontage; 5.88m ( 19’4” ) modern shop front and security roller shutter.

Ground floor; 17.48 sq mt ( 188.21 sq ft) public area, jj Blackburn twin gas cooking range.

Prep room / stores; 16.73 ( 180.18 sq ft) various chippers & equipment, rear stores, staff room / wc, access to the upper parts.

First floor; 10.94 sq mt ( 117.80 sq ft) to include a living area, small lobby / storage area, stairs to the second floor.

Second floor; 8.15 sq mt (87.74 sq ft) one room with a front facing window and space for a bathroom.

User; Established use applies (Within use class A3 - 1987 planning act use class orders as amended).

Business hours; Currently 11am to 7pm Monday to Saturday by choice of the current proprietor, (longer opening hours are possible until 11pm).

Rates; rv = £ 2,881 (2010 rating list).

Financial details; The business currently trades on a Gross profit margin of 66% and a confidential inspection of the accounts is available by appointment at our Pontypridd office.

Energy rating; Awaited.

Guide prices; £135,000 (outright sale to include the freehold property, fixtures and fittings and business goodwill). Leasehold sale option, £30,000 (goodwill) plus £9,000 p/a rent (Lease term, rent reviews and service agreement by negotiation).

General notes; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. Barbara Rees is advised that the property has the benefit of all mains services although this and the adequacy and condition of any and all equipment / fixtures and fittings / inventory items, should be confirmed by the prospective purchaser / tenant or via the acting solicitors. The leasehold sale option will include a service agreement to maintain the Landlord’s retained fixtures and fittings and will effectively be a full repairing insuring lease. The current hygiene raring is 5 and the upper pats are currently used as an office but could be converted into a small flat / proprietor’s living accommodation.

Commercial mortgage / business loan; Available subject to status, please ask for an appointment with our independent financial advisor.
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For more information about this property, please contact
Barbara Rees Estate Agents, CF37 on +44 1443 308881 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Barbara Rees Estate Agents, and do not constitute property particulars. Please contact Barbara Rees Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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