The subject premises comprises a ground floor corner retail unit, situated within a relatively prominent position along the edge of Swansea City Centre.

The retail unit, which is currently fully fitted and equipped for use as fish and chip shop, trading as Theo's Fish Bar comprises the main sales area, which can be accessed directly off the main pedestrian walkway to the front. The main sales area benefits from various free-standing seating for approximately 10-12 covers, which has also been subdivided in part to accommodate an integrated range counter and servery.

Immediately to the rear of the range counter and servery is an ancillary preparation area, which again is fully fitted and equipped for its intended use. The main sales area is also supported by ancillary accommodation located directly to the rear, comprising a small store/ preparation area, which also provides access to additional staff w.c. facilities.

We advise that the subject premises is being offered on a new effective lease as a going concern but to exclude the Landlord's fixtures and fittings, which can be retained on a lease hire basis.

The retail unit is also eligible for small business rates relief, based on the current Rateable Value, making it an attractive and cost effective business opportunity for a new owner.

Description - The subject premises comprises a ground floor corner retail unit, situated within a relatively prominent position along the edge of Swansea City Centre.

The retail unit, which is currently fully fitted and equipped for use as fish and chip shop, trading as Theo's Fish Bar comprises the main sales area, which can be accessed directly off the main pedestrian walkway to the front. The main sales area benefits from various free-standing seating for approximately 10-12 covers, which has also been subdivided in part to accommodate an integrated range counter and servery.

Immediately to the rear of the range counter and servery is an ancillary preparation area, which again is fully fitted and equipped for its intended use. The main sales area is also supported by ancillary accommodation located directly to the rear, comprising a small store/ preparation area, which also provides access to additional staff w.c. facilities.

We advise that the subject premises is being offered on a new effective lease as a going concern but to exclude the Landlord's fixtures and fittings, which can be retained on a lease hire basis.

The retail unit is also eligible for small business rates relief, based on the current Rateable Value, making it an attractive and cost effective business opportunity for a new owner.

Location - The property is located along a prominent roadside position along the corner of Mount Pleasant and Stanley Place within Swansea City Centre.

The property is within close proximity to the main shopping district within the City and is situated within the immediate vicinity of the former Swansea Metropolitan University Campus.

Swansea has a population in the region of 239,000 in the 2011 census.

Accommodation - The subject premises affords the following approximate dimensions and areas:

GROUND FLOOR

Net Internal Area: 55.11 sq.m (593.20 sq. ft.)

Sales Area: 47.41 sq.m (510.32 sq. ft.)
providing free standing seating for 10-12 covers, fitted with a fully integrated range counter and servery, preparation area including various base units, extractor hood as well as various free standing refrigeration and freezer appliances.

Shop Depth (max): 6.97m (22'10")

Internal With (max): 9.58m (31'5")

Storage/ Preparation Area: 7.70 sq.m (82.88 sq. ft.)
with access to pavement along Stanley Place, via a number of concrete steps, fully fitted with various equipment, including a stainless steel wash area and sink unit, door to.

Staff W.C. Facilities
with w.c. and wash hand basin.

Rates - As stated on the Valuation Agency Office (VOA) website the Rateable Value for the subject premises is as follows:

Rateable Value (2023): £2,550

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2023-24 the multiplier will be 0.535.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

Therefore the subject premises is eligible for 100% business rates relief (subject to the necessary criteria).

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Vat - All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable). We have been advised by the client that VAT will not be applicable to this transaction.

Terms And Tenure - Our client's interest is available to let on a full repairing and insuring lease (under terms to be negotiated), to include the business goodwill, which will be subject to a premium being offered in the region of £20,000 but excluding the Landlord's fixtures and fittings which will form part of the proposed occupational leasehold agreement.

Please be advised that a copy of the relevant trading accounts are also available upon request, to bone fida enquiries.

Viewing - By appointment with Sole Agents:

Astleys Chartered Surveyors
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