A prominent and well known building on Cardigan's high street. The premises are currently laid out as a high quality coffee lounge/restaurant to the front with various store rooms, staff facilities etc to the rear.
The building has a frontage of approximately 33 feet (10.05 metres) to Pendre with a recessed area most recently used for external seating in conjunction with the coffee shop overlooking the pavement.
Immediately to the rear of the public area is an office along with a washing/prep room and behind this are various storage areas including staff facilities. At the back of the building is a small yard with pedestrian access to the rear.
Currently, in line with Covid requirements, there are 40 covers in use but when operating to full capacity this increases to around 80 covers.
Located on the boundary between north Pembrokeshire and Ceredigion and close to the Cardigan Bay coast, the town of Cardigan is the largest settlement in the area. It is the focal point for regional shopping with the town having a good mix of national and local traders. It serves not only the local community but also benefits from the busy holiday trade especially in the summer months and around school holidays. The premises front High Street in the main town centre retail area.
The town is located on the main A487 Fishguard to Aberystwyth road which acts as its by-pass. It also has good road links to Tenby/Narberth to the south and Carmarthen to the south west making it easily accessible for the majority of the sub region.
The approximate floor spaces of the building are a gross area of 3,723 sq ft (346 sq m) of which the main coffee shop area is 1,488 sq ft (38.28 sq m) plus the external seating area to the front. While operating on full capacity there were approximately 60 covers inside and 20 outside. However, since the Covid restrictions have been in place this has reduced to approximately 45.
The remaining space is made up of the wash/preparation room and office along with the staff facilities and storage areas to the rear plus the rear yard.
The premises are available with all furniture, fixtures, fittings, kitchen equipment, cutlery, crockery etc which will form part of the sale.
The premises are available freehold with vacant possession.
(Our client is also prepared to let the premises, asking rent, £13,000 pa)
Offers in the region of £249,500.
According to the website the rateable value of the premises is £13,000 which would make the rates payable for the whole of the 2020/2021 financial year approximately £6,955. However, there is currently relief from rates until March 2021.
Immediately upon completion of legal formalities.
Please contact David Cochlin in our Commercial Department on or via email on .
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