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Description

Barbara Rees Commercial is pleased to offer this profitable, going concern business comprising a Panini / sandwich bar (and A3 User Property).

MAIN FEATURES:
A1 & A3 USER
PROFITABLE
GOING CONCERN BUSINESS
BUSY HOUSING ESTATE SHOPPING CENTRE LOCATION
SELF CONTAINED RESIDENTIAL FLAT
(INCOME PRODUCING)
OUTRIGHT SALE OR LEASE OPTIONS CONSIDERED
ACCOMPANIED VIEWING ONLY VIA BARBARA REES


DESCRIPTION & LOCATION; Barbara Rees Commercial is pleased to offer this profitable, going concern business comprising a Panini / sandwich bar (and A3 User Property).

The business and property is situated in a busy shopping centre located in a densely populated housing estate near to Pontypridd and Treforest Industrial Estate.

VIEWING & DIRECTIONS; All viewings will be accompanied and should be pre booked via Barbara Rees Pontypridd office. Please do not make any direct or un-appointed approaches to the staff or the property, as this will simply result in referral back to Barbara Rees. Local directions will be given following confirmation of a viewing appointment.

GROUND FLOOR; Gross frontage 5.18m (17’) upvc shop front and display window with security roller shutter.

INTERNAL AREA; 52.95m2 (570 sq ft) modern and fully fitted retail sales area with a serving counter and food preparation room / stores and a staff wc, acoustic tiled ceiling with modular lighting.

FIRST FLOOR; Self contained residential flat which is accessed from the rear. The accommodation comprises a studio lounge / kitchen with modern fitted units, a shower room and one bedroom.

EXTERIOR; Car parking and delivery area to the rear.

USER & PLANNING; Believed to fall within A1 or A3 Use, (Town & Country Planning Act, 1987 Use Class Orders (as amended). We are given to understand that the permitted hours of trade via the A3 user are between 8am to 11pm Monday to Saturday.

NATIONAL NON DOMESTIC RATES; RV = £ 6,000 (extract from the 2010 rating list)

BUSINESS INFORMATION; The most recent accounts record a gross profit margin of 54% +, on sales of £107,879 p/a. A confidential inspection of the accounts can be undertaken at our Pontypridd office. The current owners trading hours are Monday to Friday 7.30am to 3.30pm (closed on Saturday & Sunday). The business is run with limited proprietor involvement and mostly by the staff which comprise one manager and two part time employees.

INVENTORY; A detailed inventory will be provided via the acting solicitors.

FIRST FLOOR FLAT; The seller advises that the first floor flat is let via the terms of an assured short-hold tenancy producing a monthly rent of £300-00 and the property is available with the benefit of the current tenancy and rental income or with vacant possession.

PURCHASE OPTIONS; Outright purchase to include, the long peppercorn ground rent leasehold property, it’s fixtures, fittings and business goodwill. Guide price for offers £ 149,950.

A Leasehold sale via a new “market value lease and ingoing premium offer for good will plus fixtures and fittings" may be considered. Please call to discuss this option.

OFFERS & PURCHASER’S FINANCE; All offers should be made in writing to the Pontypridd office of Barbara Rees and prior to the issue of sale instructions to the acting solicitors, prospective purchasers will be required to furnish Barbara Rees with formal verification of the purchase funds.

COMMERCIAL MORTGAGE / BUSINESS LOAN; Available subject to status, please ask for an appointment with our independent financial advisor.

GENERAL NOTES; Any information contained herein should be verified by prospective purchasers or their advisors prior to any formal commitment to purchase. The proceeds of crime act 2002 & anti money laundering rules 2007 require us to obtain both personal and residence identification from all purchasers where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. The seller has verbally informed us that the property is of long leasehold tenure, 999 years from 29th September 1982 at a peppercorn ground rent of £1-00 p/a (and service charge if demanded). We are given to understand all mains services are present and the flat benefits from a gas fired central heating system (not tested) and double glazed windows although this and all matters pertaining to title and or, the adequacy and condition of any fixtures and fittings / equipment included in the sale, should be confirmed via the acting solicitors.