698 Mumbles Road, Mumbles, Swansea, SA3 4EH
For Sale
£125,000
Brief Description
- Lease Assignment
- Business For Sale - £125,000
- Popular Bar and Restaurant
- Situated in a Popular location in Mumbles
Full Description
Situation
Situated on Mumbles Road, this property is conveniently located and benefits from high levels of footfall. The Mumbles is a popular tourist area and lies approximately 4 miles from Swansea City Centre. Attracting local occupiers, Mumbles Road has a mix of both local and national retailers.
Description
Comprising a ground floor A3 premises, currently being used as a popular Italian restaurant, La Dolce Vita.
The premises comprises of an open seating area to the front with further seating to the rear, accompanied by a licensed bar.
To the rear of the premises there is a fully fitted kitchen, with modern customer WC facilities. There is also a staircase at the rear leading towards a storage room on the first floor.
Services
We understand that the property benefits from mains gas, electricity and water. Please note that these were not tested during the course of our inspection.
Size
This unit has a Net Internal Area of 97 m2 (1,044 sq ft).
Terms
The Leasehold interest in our client’s premises is available by way of lease assignment at an asking premium of £125,000.
There are 4 years remaining on the lease at £18,000 per annum.
We have been informed the lease is within the Landlord and Tenant Act.
There is potential for first-floor residential accommodation. We have been informed the landlord might consider negotiating this accommodation within a new lease.
Rateable Value
We have made online enquiries and understand that the property has a rateable value of £6,300.
We have been informed that the business rates are £200 per annum.
Viewing
Please contact Dawsons Commercial on the contact details below to arrange a viewing.
Lowri Williams
01792 478908
lowri.williams@dawsonsproperty.co.uk
Joe Demarco
01792 478907
joe.demarco@dawsonsproperty.co.uk