NEW - Mamma Mia, 18-20 Princess Way, Swansea, SA1 3LW
For Sale £ 90,000 For Sale
Situated on Princess Way, this premises benefits from a prominent kerbside trading position within the City Centre itself. Close to Wind Street, this premises is in a very popular location and benefits from high levels of footfall. Neighbouring occupiers include both local and national businesses ranging from solicitors, to drinking establishments and restaurants.
This premises briefly comprises a substantial open plan restaurant with bar area, kitchen, bakery and pot wash. The restaurant itself is split level and caters for both parties and couples who seek an intimate atmosphere.
There are three main seating areas, which can accommodate up to c 170 covers.
The kitchen to the rear of the premises benefits from all the usual fixtures and fittings associated with a business operation of this nature. The premises also benefits from its own bakery which is accessible through the kitchen itself. The pot wash forms part of the kitchen area and is adequately equipped.
The premises also benefits from male, and female WC facilities, and is also DDA compliant and offers fully accessible WC facilities which meet these requirements.
The premises benefits from all mains utilities. Please note, none of the utilities were tested during the course of our inspection. Interested parties are encouraged to employ the services of a contractor to inspect the utilities.
The premises measures 383.55 sqm – 4,127 sqft. Measurement was taken in accordance with RICS guidelines and is the Net Internal Area.
The goodwill in our clients business is For Sale at an asking price of offers in the region of £90,000 (Ninety Thousand Pounds) to include all goodwill and fixtures and fittings within the business.
The lease for the premises is for a term of 3 years from 2017 with the rent payable being £42,000 per annum. We understand that a new lease will be available following the expiry of the current lease.
The accounts for the business are available to seriously interested parties only, and subject to our clients consent.
The premises has a rateable value of £40,455. Interested parties are advised to discuss the business rates payable with either the local authority, or valuation office.
Strictly by appointment and under no circumstances must any approach be made directly to the occupier. Please contact the sole selling agents below to make an appointment:
01792 478 907
01792 478 908