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Commercial Property to rent

189 Penarth Road, Cardiff, South Glamorgan

£20,000 pa

Property Description

Letting information:

Furnishing: Unfurnished

Full description

For Sale due to the retirement of the current owners, a prominent Chinese Restaurant and Take Away Business in this great location. Established in 1998 and relocated to Penarth Road in 2005, Yangs has built a great reputation within the City. The goodwill, fixtures, fittings and equipment are for sale at £99,950. A new lease will be granted for the premises, the asking rent is £20,000 per annum. A unique opportunity to acquire a thriving established business. Viewing is Highly Recommended.

Property ref: 121_1511_4225692


Rateable Value 
We have made enquiries with the Local Authority and they have informed us that the Rateable Value is £12,750. We have been informed that the business rates for 2016-2017 is £6,196.50 per annum. We would recommend that any prospective tenant makes their own enquiries to verify this figure.

VAT 
We have been informed that the building has not be elected for VAT but would suggest that any interested parties verify this for themselves.

Viewing 
Strictly by appointment with Chris John & Partners 029 20397152

Lease Terms 
Lease terms to be agreed.

Location 
Yangs is located on the corner of Penarth road and Paget Street in the Grangetown area of the City. Grangetown is a residential area close to the City Centre with good transport links to the M4 and Penarth Road is a busy transport hub and its commercial center.

Description 
Yangs is a popular Chinese Restaurant established in the area in 2005. The Business is for sale due to the retirement of the current owners and subject to achieving criteria, an appointment can be made to inspect the accounts. The business is for Sale including all fixtures, fittings, equipment and good will, together with the trading name of Yangs. A new lease will be granted for the premises.

Frontage/Reception 
Access via double glazed doors with side windows into reception/bar area. Spacious reception area with seating for take away clients, reception counter/bar with till, chill cabinets, telephone point, power point, tiled floor, sink drainer and taps, glass cleaner, shelving and light switches.

Restaurant Seating Area 
Seating 96 covers, the restaurant is decorating in a tasteful Chinese style, plain ceiling, spot lights, double glazed windows to front and side, tropical fish tank, wooden flooring and emergency access door to the side.

Adapted WC 
Adapted W.C with handrails, wash hand basin, hand dryer, tiled floors and walls, plain ceiling, extractor and light fitting

Ladies WC 
Two cubicles with W.C, wash hand basin, tiled walls and floor, plain ceiling, light fitting and had dryer.

Gents WC 
Cubicle with W.C, two urinals, double sink with taps, tiled walls and floors, hand dryer and light fittings.

Kitchen 
Commercial grey kitchen configured for Asian cooking with five WOK burners, triple oven, stainless prep and storage shelves, stainless steel prep work surface and storage shelves, double sink, wash hand station, tiled floor, tiled ceiling with strip light and door to rear store/garage.

Store/Garage 
The garage offers additional fridges and freezers plus a dry store, lighting, tiled floor, shelving, fridges, washing machine, tumble dryer, up and over garage door to the side.

Cellar 
Large cellar with multiple storage areas, three phase electric consumer unit, gas meter, draught pumps and coolers, freezers, "Miele" professional linen press, lockable wine store room with shelving.

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Property reference 4225692. 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 Chris John & Partners, Cardiff.

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