4 bedroom flat for sale

SOUTH WALES

£239,950

Property Description

Key features

  • Excellent High Street location within the bustling South Wales town of Port Talbot.
  • Superbly presented Open Plan Bar Area (capacity 200) presented in a modern style and benefitting from a mix of wood and carpeted floors, large bar server, 3 t.v's
  • D.J Booth and pool table. This area can also be utilised as a café in the daytime.
  • 3 Self Contained Flats offering rental potential or living accommodation.
  • Ground Floor Cellar
  • Advised t/o for y/e 03/15 is circa £240,000 (inc vat) on a 100% wet trade basis with a recon net profit of £43,000.

Full description

Ref 7622 FREEHOLD

AN EXCELLENT OPPORTUNITY TO ACQUIRE 3 FLATS AND A PROFITABLE HIGH STREET BUSINESS WITH FURTHER CATERING POTENTIAL

LOCATION
This modern style high street bar has a prominent location on Station Rd, Port Talbot.
Port Talbot is a town in Neath Port Talbot, South Wales with a population of 35,633 in 2001. The town is built along the eastern rim of Swansea Bay in a narrow strip of coastal plane surrounding the River Afan Estuary. Swansea is visible on the opposite side of Swansea Bay.
The town boasts two beaches, Aberavon Sands and Morfa Beach.
The town is renowned for heavy industry with the Port Talbot Steelworks clearly visible along with various waterside industrial plants offering excellent employment opportunities.
The town is served by the South Wales Main Line which offers direct intercity trains to Swansea, Cardiff, London and Manchester. The M4 motorway cuts through the town from southwest to northwest, crossing a central area on a concrete viaduct, junctions 38 to 41 serve Port Talbot.

THE PROPERTY
This prominent high street bar is of brick construction, under a pitched, tiled roof, occupying an excellent prominent position within the town of Port Talbot.

The Open Plan Bar Area (capacity 200) is a long room with a large bar server stretching along the side of the room. The bar area benefits from a mix of wood, carpets and tiled flooring, D.J Booth, 3 plasma t.v's and a pool table. This modern room offers removable windows to the front of the property and is ideal for a café/coffee shop in the day.

There is a Ground Floor Cellar offering a python system and coolers.

Ladies and Gents W.C.'s.


OWNER'S ACCOMMODATION
The owner's accommodation is situated on the 1st and 2nd floors and comprises of 3 Self Contained Flats:
1st Floor Flat - Lounge, Kitchen, Bathroom and Double Bedroom.
1st Floor Flat - Lounge-Double Bedroom, Bathroom and Kitchenette
2nd Floor Flat - 2 Double Bedrooms (en-suite), Lounge and Fitted Kitchen.
These flats have the rental potential of approx. £10,000 per annum.

EXTERNAL
The property offers limited exterior space.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

7 days per week 10am - 2am

Current opening hours are:

Tues - Wed 4pm - 1am
Mon, Thurs 4pm - 11pm
Fri 2.30pm - 2am
Sat Midday - 2am
Sun Midday - 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS
The business and property is being offered for sale freehold (although we have not seen sight of the title deeds).
We are advised that the inn benefits from mains services (no services seen or tested). Business rates are advised as currently being circa £7,800 per annum.

THE BUSINESS
The current owners purchased this thriving business 12 years ago and are offering the property in excellent condition.
Our vendors are looking to retire and offer a profitable concern on currently limited trading hours. This offers considerable potential to exploit the daytime trade with a possible café style environment with a late night venue bar.
We are advised the turnover for y/e 03/15 was £240,000 on a 100% wet trade basis with a recon net profit of £43,000 per annum.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.

Listing History

Added on Rightmove:
14 August 2015

Nearest stations

  • Port Talbot Parkway (0.1 mi)
  • Baglan (2.0 mi)
  • Briton Ferry (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Port Talbot Parkway (0.1 mi)
  • Baglan (2.0 mi)
  • Briton Ferry (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7622FF. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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