Restaurant for sale
Property description & features
- Tenure: Freehold
- Freehold City Centre Investment Opportunity
- Three storey Terraced Restaurant/Premises
- Let at £16,000 per annum FRI lease expires 30/11/25
- Long term tenant
- Currently Let to a Chinese Restaurant
- Excellent location
- Located very close to the Regeneration of The Kingsway
- A3 usage
The property has a unique full storey glass frontage. The premises includes Open plan ground floor restaurant with trade counters, open kitchen and a further self contained kitchen area and disabled toilet facilities to ground floor.
The ground and first floors have been nicely finished in Oak flooring and the first floor provides further covers and further toilet facilities with shower room. To the rear of the first floor is a further kitchen/prep room and office.
There is a stairwell from ground floor to first floor which also lead to a rear lane for deliveries. There is also access to a 2nd floor bedroom accommodation from the 1st floor restaurant area.
The property is ideally located for the new re-generation of the Kingsway and New Digital centre which is close by. Ideal medium to long term investment opportunity.
CTFCOM
Rooms
Restaurant 16.93m x 5.66m (55' 7" x 18' 7")
Glazed frontage to main shop front, trading counter, open kitchen, oak flooring throughout, Oak stair case to 1st floor restaurant seating area, air conditioning. The whole of the restaurant has the potential for 120 covers.
Kitchen 5.32m x 2.82m (17' 5" x 9' 3")
The main commercial kitchen is located on the ground floor, there is a second preparation kitchen on the 1st floor. Tiled flooring, door to stairwell and proving access to 1st floor and rear lane.
Toilets
Fully tiled disabled toilet facilities and separate male/female use toilet facilities.
First Floor
Seating Area 15.17m x 5.61m (49' 9" x 18' 5")
The first floor is accessed from the main ground floor restaurant and has a beautiful Oak stair case leading to the first floor seating area includes Glazed frontage over looking road side. The area is nicely finished in Oak flooring and also benefits from air conditioning. Storage cupboard and access to upper floor accommodation.
Toilets
Fully tiled Toilet Facilities and shower room.
Kitchen Area 3.78m x 3.56m (12' 5" x 11' 8")
A further kitchen or food preparation room is access from the 1st floor seated area with stairwell down to ground floor.
Office 3.45m x 2.83m (11' 4" x 9' 3")
Second Floor.
Bedroom 5.36m x 3.43m (17' 7" x 11' 3")
Services
Our client has notified us that there is three phase electrical installation.
The gas system has a fully integrated Gas Safe cut off switch.
The is a large stainless steel fully integrated extractor fan system.
The property benefits from a fully installed CCTV system.
We have been informed by our client that the 1st floor has been significantly strengthened for possible alternative future uses.
Lease Terms
We have been notified by our client that the current tenant has a fully insured and repairing lease, therefore the tenant is responsible for internal and external repairs as well as insurance.
The current tenant has 16 months left unexpired of a 10 year lease. This should be verified.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference PRM12068. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Clee Tompkinson Francis - Swansea.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.