The property is situated fronting onto Pier Street in the centre of the Town of Aberystwyth. Pier Street fronts directly onto the seafront and is the establishes entertainment quarter of Aberystwyth. Aberystwyth is an established tourist and University Town and is the administrative centre for the area. Aberystwyth has a total population of 13,040 people.
The property provides an attractive well presented three storey property with a lower floor area.
The property is currently configured to provide a Restaurant arranged over the ground floor, first floor and lower ground floor level. There is then further accommodation arranged over the second floor to provide residential accommodation.
The property enjoys an enviable corner position fronting onto Pier Street.
The business sale offers the opportunity to purchase a well established licenced restaurant with an enviable reputation in the centre of the Town of Aberystwyth. The business is only reluctantly offer for sale due to the owners wishing to pursue alternative business opportunities.
The restaurant is licenced and is currently arranged to provide a restaurant on the ground and first floor and kitchen amenity facilities on the lower ground floor.
To the send floor there is a residential flat. The configuration of the property means that it offers the opportunity to adapt to personal requirements. The particulars provide the floor layouts of the property currently.
The business is currently run by the vendors with x full time and x part time staff. The current trading hours of business are as follows: -
Monday: CLOSED (Except public holidays, parties, etc.)
Tuesday-Friday: 17:00 - 22:00
Saturday-Sunday: 11:00 - 22:00
The property has the advantage of a licence to operate late opening hours. The licencing details are as follows: -
Tuesday, Thursday, Friday and Saturday - until 4am
Monday and Wednesday - until 3am
Sunday - until 2am.
The business had a turnover in 2013 of £206,486 with a gross profit margin of 68%. Further details in respect of the business can be made available from the selling agents upon request.
Basement: 44.21 m sq
Ground Floor: 47.88m sq
First Floor : 42.58m sq
BathroomThe property is held on a Lease dated 1st December 2005 for a term of 30 years from 1st December 2005. The Lease is granted on Tenants Full Repairing and Insuring Terms a copy of the Lease is available from the selling agents upon request.
Fixtures and Fittings
A detailed inventory is available upon request from the selling agents.Rateable Value: £17,250
2013/2014 Rates payable 47.1p in the £.