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326 Oystermouth Road

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326 Oystermouth Road

Summary:

LEASE FOR SALE - £35,000
Prominent corner unit on busy roadside location
Option to extend lease at end of term
Ground Floor restaurant/bar: 55.5 m² (598 ft²)
Potential for first floor restaurant with view of Swansea Bay

LOCATION
The subject property is situated on the busy Oystermouth Road and occupies a prominent corner position.

Nearby properties comprise a mixture of residential and commercial premises.

DESCRIPTION
Access to the property is via a side entrance from Bond Street. A Small bar area leads into a spacious restaurant looking out onto Oystermouth Road.

There is a well fitted kitchen at the rear on the ground floor. The first floor comprises an open area with extensive views over Swansea Bay which has the potential to be developed as a further restaurant.

There is a flat on the second floor with separate access.

BUSINESS RATES
Rateable Value - £12,500
UBR in Wales 2018/19; 51.4p in the £.

TENURE
The property is held under the terms of a lease for 4 years from 28th October 2015. The current rent is £11,330 per annum which will rise to £11,670 per annum with effect from 28th October 2018.

The lease contains an option for the tenant to renew for a further term of 8 years at the end of the current agreement.