Property photos
Business
£25,000
(£41.46/sq. ft)
Restaurant for sale
Mumbles Road, Mumbles, Swansea SA3603 sq. ft
Local area information
Property location
Nearby amenities
- Oystermouth Primary School 0.5 miles
- Grange Primary School 0.8 miles
- Swansea Queens Dock Ferry Terminal 4 miles
- Swansea 4.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Business For Sale - £25,000
- A3 Premises - Lease Assignment
- Popular Bar & Restaurant on Mumbles Road
Situation
Situated on Mumbles Road, this property is conveniently located and benefits from high levels of passing traffic. The Mumbles is a popular tourist area which attracts many local and national occupiers. This premises benefits being directly opposite the Promenade, with high levels of footfall. The premises lies approximately 4 miles from Swansea City Centre.
Description
Briefly comprising an A3 premises, currently being used as a popular bar and restaurant called The Ponderosa.
The premises benefits from open plan seating to the front, additional seating and bar area to the middle and spacious kitchen, with ancillary storage to the rear.
The premises benefits from WC facilities next to the bar area, with additional ancillary stores outside.
Internally the premises has the capacity for approximately 40+ covers, with the premises also having an agreement with the Council for additional seating outside located within the park opposite. This outdoor seating area boasts an impressive 100+ additional covers and has proved very popular during the summer months.
Services
The property benefits from all main utilities. Please note that during the course of our inspection.
Size
This accommodation has a Net Internal Area of 56 sq m (603 sq ft2).
Terms
The Leasehold interest in our client's premises is available by way of lease assignment at an asking premium of £25,000.
We understand that the lease commenced in 2021 for a term of 7 years. The current rent is £12,500.00 per annum for the period until 1st May 2023, where rent is due to increase to £15,000.00 per annum for the period from and including 2023 to 2026.
We understand that the lease is within the Landlord and Tenant Act, but interested parties are advised to seek legal advice on the lease.
Rateable Value
The premises has a rateable value of £10,750. Interested parties should discuss the rates payable with the local authority.
Viewing
To arrange a viewing, please contact the sole letting agent, Dawsons.
Situated on Mumbles Road, this property is conveniently located and benefits from high levels of passing traffic. The Mumbles is a popular tourist area which attracts many local and national occupiers. This premises benefits being directly opposite the Promenade, with high levels of footfall. The premises lies approximately 4 miles from Swansea City Centre.
Description
Briefly comprising an A3 premises, currently being used as a popular bar and restaurant called The Ponderosa.
The premises benefits from open plan seating to the front, additional seating and bar area to the middle and spacious kitchen, with ancillary storage to the rear.
The premises benefits from WC facilities next to the bar area, with additional ancillary stores outside.
Internally the premises has the capacity for approximately 40+ covers, with the premises also having an agreement with the Council for additional seating outside located within the park opposite. This outdoor seating area boasts an impressive 100+ additional covers and has proved very popular during the summer months.
Services
The property benefits from all main utilities. Please note that during the course of our inspection.
Size
This accommodation has a Net Internal Area of 56 sq m (603 sq ft2).
Terms
The Leasehold interest in our client's premises is available by way of lease assignment at an asking premium of £25,000.
We understand that the lease commenced in 2021 for a term of 7 years. The current rent is £12,500.00 per annum for the period until 1st May 2023, where rent is due to increase to £15,000.00 per annum for the period from and including 2023 to 2026.
We understand that the lease is within the Landlord and Tenant Act, but interested parties are advised to seek legal advice on the lease.
Rateable Value
The premises has a rateable value of £10,750. Interested parties should discuss the rates payable with the local authority.
Viewing
To arrange a viewing, please contact the sole letting agent, Dawsons.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
More information
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Listed by
Dawsons - Swansea Sales, Auction and Commercial
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