Cardiff, Cardiff, South Wales, CF24
- SIZE
Ask agent
- SECTOR
Restaurant for sale
Key features
- Ref:14201 H
- Freehold
Description
Hilton Smythe welcomes to the market this greatly located commercial building, newly fitted out to a very high standard as a high-end steakhouse/restaurant.
The premise is rented out for an annual rent of £40,000. The tenant has a 15 year lease in place with 10% rent increases every 5 years.
Ideal for any type of cuisine with up to 70 covers over 2 floors. However, is currently trading as an Italian restaurant.
The premise really needs to be seen, to appreciate the design and look of the restaurant with its high quality contemporary feel.
The premise has a full A3 usage and alcohol license and could offer a great investment, in the highly popular and sought-after city of Cardiff.
There is an extensive list of fixtures and fittings including a bar and fully fitted commercial kitchen. The premise has a sitting tenant allowing for an income upon completion.
Location
This empty premise occupies a popular sought-after location on the outskirts of the city of Cardiff.
Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. The city is the country's chief commercial centre and base for most national cultural and sporting institutions. Cardiff is also a significant tourist centre and the most popular visitor destination in Wales.
All of this adds to Cardiff being a very desirable location, with commercial property being in high demand.
Premises
This empty premise occupies a popular sought-after location on the outskirts of the city of Cardiff.
Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. The city is the country's chief commercial centre and base for most national cultural and sporting institutions. Cardiff is also a significant tourist centre and the most popular visitor destination in Wales.
All of this adds to Cardiff being a very desirable location, with commercial property being in high demand.
Tenure
We are advised that the business is being sold as a Freehold opportunity.
Hours
N/A
Staff
N/A
Financial Profile
The restaurant is currently let out for an annual turnover of £40,000; this is set to rise by 10% every 5 years. The lease is for 15years.
According to the VOA website the current rateable value is £14,500, with rates payable of £5,800 per annum.
Cardiff, Cardiff, South Wales, CF24
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cathays Station0.8 miles
- Cardiff Queen Street Station0.9 miles
- Cardiff Central Station1.5 miles
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Notes
Disclaimer - Property reference 14201H. 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 CoGoGo, Bolton. 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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