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6 bed property

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Listed Jan 27, 2024

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£195,000

Available

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lampeter@morgananddavies.co.uk

By Morgan and Davies

Description

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*** Prominent Town Centre position *** Commercial and residential investment opportunity *** Currently let as a Chinese RestaurantTakeaway with flat above *** Two storied flat with 6 bedrooms, 2 bathrooms and separate kitchen *** Rear parking area for a number of vehicles with access via rear service lane *** Separate access to the first floor accommodation

*** Fantastic income potential - Lease in place with rent of £18,000 per annum *** Restaurant consisting of barreception area, restaurant and seating area *** Gents and Ladies w.c.‘s *** Kitchen and Prep room - 5* Rating *** Popular establishment with good roadside frontage and good public footfall *** Backing onto the University of Lampeter Trinity St David Campus with Lampeter being a popular Town serving a large hinterland *** Contact us for further information ***

We are informed by the current Vendors that the property benefits from mains water, mains electricity, mains drainage, mains gas. (The flat has night storage heating) UPVC double glazing, telephone subject to B.T. transfer regulations, Broadband subject to confirmation by your Provider. The property has recently been re-roofed.

LOCATION
Lampeter is located in the heart of the Teifi Valley is a strategic University Town 12 miles inland from the Cardigan Bay coast of Aberaeron and 20 or so miles North of Carmarthen. The premises lie within the town centre backing onto the University campus and enjoying good footfall and in a prominent position.

GENERAL
Prominent town centre property of mixed use with an investment opportunity. It offers currently an established and popular Chinese Restaurant and Takeaway along with a 6 bedroomed flat to the first and second floors.

Both units are currently leased by the same tenant and providing an annual rental income of £18,000. The property is substantial, with good shop frontage and to the rear enjoys ample parking area on tarmacamed driveway with access via rear service lane. The property backs onto the University Of Trinity St. David Campus and Lampeter as a town, is a thriving former market town that serves a large hinterland.

This property provides potential purchasers a healthy income potential.

The property in particular now offers the following:-

RESTAURANTSHOP
25‘ 7&quote; x 18‘ 8&quote; (7.80m x 5.69m) with large street frontage, front entrance door. Seating and bar area. Opening onto the main restaurant. Air conditioning unit.

REAR HALL
With side entrance door to alleyway.

Ladies W.C.

GENTS W.C.,

STAFF STORE ROOM
6‘ 5&quote; x 4‘ 8&quote; (1.96m x 1.42m) Fully tiled.

RESTAURANT KITCHEN
24‘ 0&quote; x 11‘ 7&quote; (7.32m x 3.53m) With a fully fitted and functioning kitchen with good range of stainless catering equipment. Cookers, extractor fans etc.

FREEZER ROOM PREP ROOM
11‘ 5&quote; x 8‘ 7&quote; (3.48m x 2.62m) With rear entrance door to alleyway.

FLAT
Accessed via external steels staircase from the alleyway.

HALLWAY
With UPVC entrance door.

KITCHEN
13‘ 5&quote; x 11‘ 7&quote; (4.09m x 3.53m) with fitted kitchen wall and floor units. Electric cooker point and space. Stainless Steel sink and drainer unit. Plumbing for washing machine and tumble drier.

BATHROOM 1
With low level flush w.c. pedestal wash hand basin, corner shower cubicle with Triton heated shower.

BATHROOM 2
With low level flush w.c. pedestal wash hand basin, corner shower cubicle with Triton heated shower.

BEDROOM 1 ( REAR )
12‘ 6&quote; x 11‘ 5&quote; (3.81m x 3.48m) with night storage heater.

BEDROOM ( FRONT )
10‘ 6&quote; x 7‘ 2&quote; (3.20m x 2.18m) with night storage heater.

BEDROOM 3 (FRONT)
12‘ 8&quote; x 13‘ 0&quote; (3.86m x 3.96m) with night storage heater.

SECOND FLOOR

BEDROOM 4 ( REAR )
12‘ 6&quote; x 11‘ 9&quote; (3.81m x 3.58m) with night storage heater.

BEDROOM 5 ( FRONT )
13‘ 8&quote; x 10‘ 9&quote; (4.17m x 3.28m) with feature original fireplace. Night storage heater.

BEDROOM 6 (FRONT)
10‘ 3&quote; x 7‘ 3&quote; (3.12m x 2.21m) with night storage heater.

EXTERNALLY

TIMBER BUILT GARDEN STORE

PARKING AND DRIVEWAY
A large parking area to serve both restaurant and flat. Accessed via side service lane from Bridge Street.

STREET VIEWS

FRONT OF PROPERTY

REAR OF PROPERTY