Lake Road West Cardiff

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£44,000

Rarely available, a detached restaurant premises at the edge of Roath Park in the popular residential area of Roath Park. The premises have been used as a restaurant since its construction and has accommodation over two floors. The ground floor comprises of a bar, reception area, dining area, customer toilets, kitchen, prep areas, and staff WC. The upper floor houses an additional dining area. There is an external store area. Viewing is Highly recommended. Additional storage with restroom facility is available nearby at a rent of £6,000 per annum plus VAT.

We are unable to carry out viewings due to current restrictions.
Please get back in touch once these are lifted by government.
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2690 ft²
250 m²
A3 Consent
Great Location
Detached
New Lease
V.A.T. is applicable to the Rent

Property description
Map
Location

The subject property is situated in the popular residential area of Roath Park, with Pen-Y-Lan and Lakeside a short distance away. The property sits on the edge of Roath Park and Roath Park Recreation ground which attract many visitors into the area.

Cardiff City Centre is located circa 1.5 miles with good transport links available to the City Centre.

Description

The property is detached and set in a prominent position in the locality. The accommodation is spread over two floors and comprises of a ground floor bar/reception area, customer toilet facilities, dining area, kitchen and prep areas. The first floor has an additional dining area. We have been informed that the restaurant has circa 150 covers.

Business Rates

The current Rateable Value of the property is £41,000. Using the current multiplier of 0.526p we have calculated the business rates to be £21,566 for 2019/2020.

We would suggest you make your own enquiries prior to signing a lease.

Terms

The property is available by way of a new lease on terms to be agreed.

V.A.T.

We have been informed that the property has been elected for V.A.T.

Costs

Each party is to bear their own legal and professional costs incurred in the transaction.

Viewing

Viewing Strictly by appointment with dual Agents Chris John and Partners 029 20397152 and E J Hales 029 20378844.

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