£199,950

Restaurant for sale

  1.  Main Elevation.Jpg
  2.  Shop Front Entrance.Jpg
  3.  Side Elevation (Arcade).Jpg
Freehold

Offers in region of

£199,950

(£115.51/sq. ft)

Restaurant for sale

College Street, Ammanford SA18

1,731 sq. ft

Local area information

Property location

Nearby amenities

  • Ysgol Bro Banw Community Primary School 0.1 miles
  • Ysgol Feithrin Rhydaman 0.1 miles
  • Ammanford 0.4 miles
  • Pantyffynnon 1.1 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Large four storey grade II listed building measuring 160.87 sq.M (1,731.60 sq. Ft.)
  • Extensively renovated throughout offering unique character and modern fittings
  • Prominent return frontage within town centre directly off main thoroughfare and arcade precinct
  • For use as A restaurant with potential for further development (subject to planning)
The subject premises comprises a large four storey Grade II Listed Building nestled in a prominent position in the heart of Ammanford town. The building has been subject to an extensive and complete renovation, with many modern additions including energy efficiency lighting and a brand new fully fitted commercial kitchen. The renovation has utilised reclaimed material throughout, giving an unique character and modern aesthetic to the spaces.

Measuring approximately 160.87 sq.m (1,731.60 sq. Ft.) in total, the site offers huge potential, which is currently occupied for use as a restaurant.

The premises will be offered for sale to include all existing fixtures and fittings, which also includes an integrated goods lift over the ground, first and second floors. An outdoor seating licence has been granted, allowing chairs and tables to be set up in the arcade for use by customers. While this will need to be renewed by the new owners, it offers an unique opportunity to create atmosphere in the arcade for use by the customers. The building is also eligible for small business rates relief due to its small footprint, making it an attractive and cost effective proposition for a new owner.

Description

The subject premises comprises a large four storey Grade II Listed Building nestled in a prominent position in the heart of Ammanford town. The building has been subject to an extensive and complete renovation, with many modern additions including energy efficiency lighting and a brand new fully fitted commercial kitchen. The renovation has utilised reclaimed material throughout, giving an unique character and modern aesthetic to the spaces.

Measuring approximately 160.87 sq.m (1,731.60 sq. Ft.) in total, the site offers huge potential, which is currently occupied for use as a restaurant.

The layout comprises a large main sales/ dining area over the majority of the ground floor with a shop depth of 9.72m, capable of hosting 40+ covers comfortably. The main restaurant area benefits from air-conditioning as well as newly fitted units and a character enhancing mood lighting. A serving hatch to the arcade offers a charming point of sale for takeaway orders and an additional potential revenue stream for the new occupant.

The first floor offers a further sales/ restaurant area, perfectly suited to a cocktail bar, private event space or as a secondary restaurant seating area. The main customer w.c. Facilities are also located off the main landing area and a separate fire exit door gives access to an exterior yard area shared with the neighbouring properties. A lockable private shed/ store is also found here and access to the Margaret Street car park is gained via a private gate.

The second floor houses a brand new fully fitted commercial kitchen and a food preparation area, with newly fitted chemical barrier flooring, stainless steel wall cladding and high spec commercial grade appliances. Staff w.c. Facilities are also located just off the main landing area, along with a store cupboard housing cleaning equipment and a new washer/ dryer.

The third floor offers a bright and airy office space, with tastefully chosen furnishings to be included with the sale. A second room on this floor is offered as a blank canvas, but would serve well as a second private office room or as a staff room.

The premises will be offered for sale to include all existing fixtures and fittings, which also includes an integrated goods lift over the ground, first and second floors. An outdoor seating licence has been granted, allowing chairs and tables to be set up in the arcade for use by customers. While this will need to be renewed by the new owners, it offers an unique opportunity to create atmosphere in the arcade for use by the customers. The building is also eligible for small business rates relief due to its small footprint, making it an attractive and cost effective proposition for a new owner.

Location

The subject property forms part of a parade of self-contained retail units within The Victorian Arcade in Ammanford town centre.

This is a popular Grade II Listed arcade dating back to 1899, which accommodates a range of independent traders and local business. The arcade runs from College Street up to the piazza at Margaret Street car park, within a prominent trading location close to Ammanford Square.

Established occupiers within the immediate vicinity also include The Co-operative, Dominos Pizza, Jenkins, Lloyds Bank, and Boots while the pedestrianised area of Quay Street is a short walking distance from the premises.

Ammanford is served by the A483 and A474 roads and Ammanford local railway station is a stop on the Heart of Wales Line with trains to Llanelli and Swansea to the south and Shrewsbury to the north. We further advise that the main bus depot is also located within the immediate vicinity of the subject premises.

Accommodation

The subject premises affords the following approximate dimensions and areas:
Ground floor


Net Internal Area: 58.88 sq.m (633.78 sq. Ft.)

Main Sales/ Restaurant: 53.24 sq.m (573.07 sq. Ft.)
providing free standing seating for in excess of 40 covers, fitted with a goods lift with access to upper floors, a modern preparation area including various base units incorporating sink unit,

Shop Depth: 9.72m (31'10")

Internal With (max): 4.97m (16'4")

Storage/ Preparation Area: 5.64 sq.m (60.70 sq. Ft.)
with access to additional service hatch over arcade walkway.
First floor


Net Internal Area: 45.69 sq.m (491.80 sq. Ft.)

Ancillary Sales: 45.69 sq.m (491.80 sq. Ft.)
fitted with a bespoke bar area/ service counter, good lifts with access to second and ground floors including base unit with sink drainer, internal stairwell to second floor, understairs store cupboard.

Customer W.C. Facilities
Second floor


Net Internal Area: 33.33 sq.m (358.76 sq. Ft.)

Preparation Area: 14.45 sq.m (155.61 sq. Ft.)
fully fitted and equipped, partitioned in part to accommodate a small cleaning cupboard/ store area.

Commercial Kitchen: 18.88 sq.m (203.22 sq. Ft.)
fully fitted and equipped, subdivided in part to accommodate a small preparation area and the main catering kitchen with integrated extractor hood.

Staff W.C. Facilities
Third floor


Net Internal Area: 22.97 sq.m (247.28 sq. Ft.)

Office 1: 12.89 sq.m (138.74 sq. Ft.)

Office 2: 10.08 sq.m (108.50 sq. Ft.)

Rates

As stated on the Valuation Agency Office (voa) website the Rateable Value for the subject premises is as follows:

Rateable Value (2023): £6,300

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2023-24 the multiplier will be 0.535.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Vat

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).

Terms And Tenure

The subject premises is available Freehold with vacant possession to include all existing fixtures and fittings.

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email:

More information

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  1. Zoopla
  2. Commercial for sale
  3. Carmarthenshire
  4. Ammanford
  5. College Street

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