BUSINESS The Olive Branch, Rock House, 35 Pier Street, Aberystwyth, SY23 2LN An attractive well presented three storey property with a lower floor area currently configured to provide a Restaurant arranged over the ground floor, first floor and lower ground floor level. Offers in the Region of 55,000
Location The property is situated fronting onto Pier Street in the centre of the Town of Aberystwyth. Pier Street fronts directly onto the seafront and is the establishes entertainment quarter of Aberystwyth. Aberystwyth is an established tourist and University Town and is the administrative centre for the area. Aberystwyth has a total population of 13,040 people. The property provides an attractive well presented three storey property with a lower floor area. The property is currently configured to provide a Restaurant arranged over the ground floor, first floor and lower ground floor level. There is then further accommodation arranged over the second floor to provide residential accommodation. The property enjoys an enviable corner position fronting onto Pier Street. particulars provide the floor layouts of the property currently. The business is currently run by the vendors with x full time and x part time staff. The current trading hours of business are as follows: - Monday: CLOSED (Except public holidays, parties, etc.) Tuesday-Friday: 17:00-22:00 Saturday-Sunday: 11:00-22:00 The business had a turnover in 2013 of 206,486 with a gross profit margin of 68%. Further details in respect of the business can be made available from the selling agents upon request. Accommodation Basement: Kitchen Stores Shower Room 44.21 m sq Ground Floor: 47.88m sq Restaurant/Dining Room First Floor : 42.58m sq Restaurant/Dining Room Bar WC Business The business sale offers the opportunity to purchase a well established licenced restaurant with an enviable reputation in the centre of the Town of Aberystwyth. The business is only reluctantly offer for sale due to the owners wishing to pursue alternative business opportunities. The restaurant is licenced and is currently arranged to provide a restaurant on the ground and first floor and kitchen amenity facilities on the lower ground floor. To the send floor there is a residential flat. The configuration of the property means that it offers the opportunity to adapt to personal requirements. The Second Floor Living Room Bedroom Kitchen Bathroom Guide Price Offers in the region of 55,000 Energy Performance Rating The property is believed to be listed therefore an Energy Performance Certificate is not required. Tenure The property is held on a Lease dated 1st December 2005 for a term of 30 years from 1st December 2005.
The Lease is granted on Tenants Full Repairing and Insuring Terms a copy of the Lease is available from the selling agents upon request. Rateable Value Rateable Value: 17,250 2013/2014 Rates payable 47.1p in the. Fixtures & Fittings A detailed inventory is available upon request from the selling agents. Local Authority and Council Tax Ceredigion County Council Canolfan Rheidol Rhodfa Padarn Llanbadarn Fawr Aberystwyth Ceredigion SY23 3UE Telephone: 01545 570881 Financial Act 1989 Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax (VAT). Any intending Tenant should satisfy themselves independently as to VAT in respect of any transaction. Viewing Strictly by prior appointment through the joint agents: Halls Commercial, Halls Holdings House Bowmen Way, Battlefield Shrewsbury, SY4 3DR Contact: James Evans BSc (Hons.) MRICS Email: james.evans@hallsgb.com Telephone: 01743 450700 Or Alexanders Cambrian Chambers, Terrace Road Aberystwyth, SY23 1NY Contact: Derek Ross Telephone: 01970 636000 Email: Derek@alexanders-online.co.uk
Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agents they are, give notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an over or contract. Any information given should not be relied on as statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority to ensure it is permitted.