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Terrace Road, Retail, Aberystwyth, Cered..., SY23

Rental per month £3,333 , 5 bedrooms, Commercial Property, Under offer
Property history
07 Jul 11Added to site 682 days ago initial price £3,333 per month
Nearest Station:

Aberystwyth Rail (0.3 km)

Llanbadarn (Vale of Rheidol Railway) (1.9 km)

Glanrafon (Vale of Rheidol Railway) (3.5 km)

Links from agents:
Agent’s wording:A prominently located and spacious Restaurant - which benefits from full A3 planning permission, along with 5-Bedroom Student accommodation above and potential to provide further residential accommodation - subject to the necessary consents being obtained. The property which has recently been upgraded is being offered on a 20-year full repairing, insuring lease. The property provides for over a 1000 sq.ft of restaurant, 450 sq. ft of Kitchen with both tenanted and vacant space above. Trading fixtures and fittings available by separate negotiation directly with the outgoing tenant.


Description
A prominently located and spacious Restaurant - which benefits from full A3 planning permission, along with 5-Bedroom Student accommodation above and potential to provide further residential accommodation - subject to the necessary consents being obtained. The property which has recently been upgraded is being offered on a 20-year full repairing, insuring lease. The property provides for over a 1000 sq.ft of restaurant, 450 sq. ft of Kitchen with both tenanted and vacant space above. Trading fixtures and fittings available by separate negotiation directly with the outgoing tenant.



Main entrance door into;

Restaurant 32'9 max x 32'6 9.98m max x 9.91m

Timber effect flooring, display window to fore, window to side, door to;

Inner Hallway

Stairs to first floor landing, fire escape door, door to;

Kitchen 30'4 max x 14'11 max 9.25m max x 4.55m max

Tiled floor, stairs descending to;

Lower Ground Floor

Opening to:

Chiller Room 16'7 x 14' max/ 7' min 5.05m x 4.27m max/ 2.13m min

Walk-in fridge, walk-in freezer, doors to;

Office 8'7 x 7' 2.62m x 2.13m



Electricity Room 6'9 x 4'8 2.06m x 1.42m

Having 3 phase electricity supply.

Preparation/ Stock Room 11'2 x 8'8 3.40m x 2.64m

Wash hand basin, door to;

Inner Hallway

Opening to;

Store Room 1 16'2 x 10'2 4.93m x 3.10m



Store Room 2 14'7 x 9'4 4.45m x 2.84m

Mains gas feed.

First Floor Accommodation



Landing

Stairs to second floor accommodation, storage cupboard, doors to;

Ladies WC 15'1 x 13'10 max/ 11'3 min 4.60m x 4.22m max/ 3.43m min

Bay window to fore, 2 cubicles, vanity unit with 2 wash hand basins.

Gents WC 10'10 x 8'10 max 3.30m x 2.69m max

Window to rear, urinal, vanity wash hand basin, cubicle.

Second Floor Accommodation



Landing

Window to side, stairs to third floor accommodation, doors to;

Front Room 14'11 x 11'4 4.55m x 3.45m

Bay window to fore, fire escape door working on a magnetic lock which deactivates when the fire alarm goes off leading through to the adjoining students accommodation.

Back Room 10'7 x 9' 3.23m x 2.74m

Window to side, former fireplace.

Shower Room 5'8 x 5'5 1.73m x 1.65m

Window to side, WC, wash hand basin, glazed and tiled shower cubicle with Heatstore shower.

Third Floor Accommodation



Landing

Doors to;

Attic Room 1 14'11 max/ 6'9 min x 13'11 max 4.55m max/ 2.06m min x 4.24m max

Window to side, cold water tank.

Attic Room 2 15' x 9'3 4.57m x 2.82m

Window to side.

Letting Accommodation

Set above the return frontage of the property. The Letting Accommodation consists of 5 Bedroom accommodation with 2 Shower Rooms and a Kitchen. The property is currently let to 5 tenants until June 2011 at an approximate annual rental of just over £14,000 per annum.

Rateable Value

We are verbally advised by Ceredigion County Council that the Rateable Value for 2011-2012 is £30,000. The rates payable equate to £12,810 for this period (42.7p/£)

Further Details

As previously stated the property is being offered on a fully repairing and insuring (FRI) 20 year lease. The majority of the fixtures and fittings at the property are not included within the lease, however, are available by separate negotiations directly with the outgoing tenant. We believe that the fresh air import and extraction unit within the kitchens are included within the sale however, the air conditioning unit in the main restaurant is not included - but is available by separate negotiation with the outgoing tenant. The 5 bedroom letting accommodation is let to 5 students until June 2011 at a rental of £303.33 per calendar month per room x 9 months of the year and half rent for the remaining 3 months.

Services

We are advised that mains water, electricity (3 phase), gas and drainage are connected to the property.


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Marketed by:

John Francis5 Terrace Road Aberystwyth CeredigionSY23 1NY01970 630721

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House prices last updated 1st April 2013

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