Restaurant/cafe for sale in Mumbles Road, Mumbles, Swansea SA3

£25,000 (£41.46/sq. ft)
Interested in this property? Call +44 1792 738454 * or Request Details

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Restaurant/cafe for sale

603 sq. ft*

Property features

  • Business For Sale - £25,000
  • A3 Premises - Lease Assignment
  • Popular Bar & Restaurant on Mumbles Road

Property description

Situation
Situated on Mumbles Road, this property is conveniently located and benefits from high levels of passing traffic. The Mumbles is a popular tourist area which attracts many local and national occupiers. This premises benefits being directly opposite the Promenade, with high levels of footfall. The premises lies approximately 4 miles from Swansea City Centre.

Description
Briefly comprising an A3 premises, currently being used as a popular bar and restaurant called The Ponderosa.

The premises benefits from open plan seating to the front, additional seating and bar area to the middle and spacious kitchen, with ancillary storage to the rear.

The premises benefits from WC facilities next to the bar area, with additional ancillary stores outside.

Internally the premises has the capacity for approximately 40+ covers, with the premises also having an agreement with the Council for additional seating outside located within the park opposite. This outdoor seating area boasts an impressive 100+ additional covers and has proved very popular during the summer months.

Services
The property benefits from all main utilities. Please note that during the course of our inspection.

Size
This accommodation has a Net Internal Area of 56 sq m (603 sq ft2).

Terms
The Leasehold interest in our client's premises is available by way of lease assignment at an asking premium of £25,000.

We understand that the lease commenced in 2021 for a term of 7 years. The current rent is £12,500.00 per annum for the period until 1st May 2023, where rent is due to increase to £15,000.00 per annum for the period from and including 2023 to 2026.

We understand that the lease is within the Landlord and Tenant Act, but interested parties are advised to seek legal advice on the lease.

Rateable Value
The premises has a rateable value of £10,750. Interested parties should discuss the rates payable with the local authority.

Viewing
To arrange a viewing, please contact the sole letting agent, Dawsons.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Dawsons - Swansea Sales, Auction and Commercial, SA1 on +44 1792 738454 * (local rate)

Contact Dawsons - Swansea Sales, Auction and Commercial about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dawsons - Swansea Sales, Auction and Commercial, and do not constitute property particulars. Please contact Dawsons - Swansea Sales, Auction and Commercial 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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