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Main features: Mixed use property & land. Ground floor cafe (A3 use). Upper parts residential flat. Adjoining land with planning. Planning permission ( A3 use ). Freehold or Leasehold purchase options as a going concern.
Description location & directions; Barbara Rees Commercial is pleased to offer for sale, this going concern cafe and premises with a residential (upper parts) flat and adjoining development land located to the side.
Abercynon town centre is represented by a broad mix local traders and varied business users and the high street enjoys a healthy passing and regular trade.
Viewing; Strictly accompanied viewing only, by prior appointment via our Pontypridd office and interested parties are requested to respect the seller's wishes and not make a direct approach to any staff or an un-appointed visit to the property.
The property; End of terrace mixed use property of brick / stone construction beneath a slate roof. Modern shop frontage with separate access points to the cafe and residential flat.
Gross frontage; 5.34m ( 17'6" ) wooden framed display window shop front and cafe entrance.
Ground floor; 44.12 sq mt ( 475 sq ft) Cafe with a seating area for 21 covers, deli serving counter, food preparation area and extraction system.
Residential flat; Comprising a lounge, kitchen, two bedrooms, a bathroom & GCH. At the time of instruction the flat was let and income producing (the flat can remain tenanted or be available with vacant possession).
Adjoining land; Cleared plot of land with planning permission for the construction of a mixed use cafe / retail premises ( A3 User ) and two self contained two bedroom flats to the upper parts. Plans and drawings are available for inspection at Barbara Rees Pontypridd.
Commercial user; Believed to fall within use class A3,1987 planning act use class orders (Wales) as amended). Planning consent 12/0769/10 granted permission for cafe use at No 51 between the hours of 8am to 5pm Monday To Saturday. Planning consent 15/1191/10 & 17/1339/15 granted approval for A3 use and the construction of a new building to accommodate a cafe extension, plus two residential flats on the adjoining land (formerly No 53) with permitted Cafe hours of trade between 7am to 9pm.
Rates; rv = £ To be confirmed.
EPC rating; Shop = 109 / E rating. Flat = 44 / E rating & 42 / E rating.
Business information; The cafe is currently trading on a gross profit of 59 % and a confidential inspection of the accounts can be arranged by appointment at Barbara Rees Pontypridd.
Asking price; £145,000 (outright freehold purchase including the adjoining land). £27,500 (for the going concern, leasehold cafe, goodwill, F & F plus annual Rent £7,500 p/a) The Leasehold purchase option excludes the adjoining land. A new lease will be granted to the successful buyer with the lease term and rent reviews are to be agreed by negotiation.
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 / ingoing tenants where an offer has been made and accepted. Please arrange for the appropriate identification to be provided, when asked. Barbara Rees is advised that the property has the benefit of mains services and GCH although this and the adequacy and condition of any and all equipment / fixtures and fittings / inventory items, should be confirmed by the prospective purchaser / tenant or via the acting solicitors. Each party will be responsible for their own costs and the residential flat can be made available to a leasehold purchaser of the cafe (if required) via an assured short-hold tenancy and calendar monthly rental of £300.
Commercial mortgage / business loan; Available subject to status, please ask for an appointment with our independent financial advisor.
For more information about this property, please contact Barbara Rees Estate Agents, CF37 on +44 1443 308881 * (local rate)
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