Retail property (high street) to rent
Property description & features
•Situated in a highly prominent and convenient location within the seaside resort town of Porthcawl.
•Immediately available by way of either Lease Assignment or the granting of a new Lease direct from the property Freeholder.
•Premium offers invited for the business as a fully fitted out and trading going concern.
Location - Isabella’s is situated in a highly prominent location on the corner of Well Street and Mary Street within Porthcawl Town Centre.
The property lies just off John Street Porthcawl’s prime retail thoroughfare and just off the promenade and seafront.
The seaside resort town of Porthcawl has the benefit of a large resident population and is a popular destination for day trippers and holiday makers.
Porthcawl lies approximately 3 miles from Junction 37 (Pyle Interchange) of the M4 Motorway.
Description - The property briefly comprises of a well presented ground floor restaurant and premises prominently positioned within Porthcawl Town Centre.
Isabella’s is a brasserie styled restaurant with rustic fitout and with the circa 50 cover dining room incorporating a feature bar and open
plan kitchen area.
The property is marketed for sale fully fitted out with a range of trade fixtures and fittings to be included.
Accomodation - Dining Area – Providing approximately 142sq.m (1528sq.ft) GIA incorporating open-plan kitchen and bar/servery area.
Prep/kitchen/storage - 30.3sq.m (326sq.ft).
Male and Female WCs.
Cellar/storage area.
Rear yard with rear lane access.
The Business - The brasserie is a long established and profitable business offered up for sale as a going concern. The property is fully licenced and has the benefit of an open A3 planning permission.
Financial statements are available for inspection to seriously interested parties after inspection of the property.
A full inventory of fixtures and fittings is to be provided.
The business has a Food Hygiene Rating of 5 and features at the top of both Trip Advisor and Google Reviews. The business is award winning and won on a number of occasions the Food Award Wales, Best World Cuisine Award Winner 2018, 2022 and 2024.
Tenure - The property is currently held under terms of a secure Lease expiring 15/12/2031. The existing Lease is drafted on a tenant effective Full Repairing and Insuring basis at a current rental of £26,400 per annum exclusive increasing to £27,720 per annum exclusive from the 16/12/2026.
The property is available by way of assignment of the existing Lease albeit a new Lease direct from the property landlord may be made available by separate negotiation. Details on application.
Premium - Premium offers in excess of £85,000 are sought for the business as a going concern including goodwill and trade fixtures and fittings. Stock at valuation.
Business Rates - The Valuation Office Agency website advises a rateable value of £23,000.
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
Epc - Pending
Vat - All figures quoted are exclusive of VAT if applicable.
Anti Money Laundering - In order to discharge its legal obligations, including under applicable anti-money laundering regulations, the successful applicant will agree to provide certain information when Heads of Terms are agreed.
Viewing - Strictly by appointment only through
sole letting/selling agents:
Messrs Watts & Morgan LLP
[use Contact Agent Button]
[use Contact Agent Button]
Please ask for
Dyfed Miles or Matthew Ashman
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33378097. 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 Watts & Morgan - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
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
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.