SWANSEA VALLEY - TOWN CENTRE RIVERSIDE RESTAURANT
Clydach, Swansea, West Glamorgan
Ref: 94932
Freehold £195,000
1 / 10
Key Features
Precis
Restaurant & Tapas Bar which has been developed from a former Lloyds Bank building, offering accommodation over four floors and with the benefit of a riverside garden.
Location
Clydach is a sought-after residential village in the Swansea Valley, approximately one mile north of the M4 motorway and six miles from Swansea city centre. The village is also within 30 minutes’ drive of the heart of Brecon Beacons National Park.
The Riverbank Restaurant & Tapas Bar has been developed from the former Lloyds Bank building, an impressive riverside property of stone and brick construction under a pitched slate roof. It offers accommodation over four floors and has the benefit of a riverside garden. The current business was developed by the owner in 2018 and has been successful, despite the Covid-19 Pandemic. The business currently offers a Mediterranean restaurant, but would suit all styles of food and beverage operation.
The Riverbank Restaurant & Tapas Bar has been developed from the former Lloyds Bank building, an impressive riverside property of stone and brick construction under a pitched slate roof. It offers accommodation over four floors and has the benefit of a riverside garden. The current business was developed by the owner in 2018 and has been successful, despite the Covid-19 Pandemic. The business currently offers a Mediterranean restaurant, but would suit all styles of food and beverage operation.
Property
TRADE AREAS
MAIN RESTAURANT, a comfortably furnished room with part stripped wood, tile and carpet floor. Seating for 35. SERVICE COUNTER with pizza oven to the rear. Galley style CATERING KITCHEN leading directly from the service counter. LADIES’, GENTLEMEN’S & DISABLED TOILETS.
LOWER GROUND FLOOR : Old Chubb “bank vault” utilised as a STORE ROOM. Second CELLAR with storage.
OWNERS ACCOMMODATION
FIRST FLOOR : KITCHEN having fitted units and tiled floor. Access to rear balcony. Spacious LOUNGE/DINING ROOM with double aspect and French doors to roof patio garden. BEDROOM 1 (double), BEDROOM 2 (double—currently utilised as an office). BATHROOM. Separate ground floor access from the front of the property leading directly to the flat, allowing it to be operated independently.
SECOND FLOOR : Large ROOM (SECONDARY LOUNGE or BEDROOM).
EXTERNAL
To the rear is a RIVERSIDE GARDEN with steps down from the main building to a tiered garden area having seating for about 36. Small disused garden area beyond.
MAIN RESTAURANT, a comfortably furnished room with part stripped wood, tile and carpet floor. Seating for 35. SERVICE COUNTER with pizza oven to the rear. Galley style CATERING KITCHEN leading directly from the service counter. LADIES’, GENTLEMEN’S & DISABLED TOILETS.
LOWER GROUND FLOOR : Old Chubb “bank vault” utilised as a STORE ROOM. Second CELLAR with storage.
OWNERS ACCOMMODATION
FIRST FLOOR : KITCHEN having fitted units and tiled floor. Access to rear balcony. Spacious LOUNGE/DINING ROOM with double aspect and French doors to roof patio garden. BEDROOM 1 (double), BEDROOM 2 (double—currently utilised as an office). BATHROOM. Separate ground floor access from the front of the property leading directly to the flat, allowing it to be operated independently.
SECOND FLOOR : Large ROOM (SECONDARY LOUNGE or BEDROOM).
EXTERNAL
To the rear is a RIVERSIDE GARDEN with steps down from the main building to a tiered garden area having seating for about 36. Small disused garden area beyond.
The Business
The business currently operates as a Mediterranean restaurant and tapas bar to the local community and further afield into Swansea and the surrounding area. To suit the current operators needs they only trade on weekends, however a new operator could look to expand into lunch and weekday trade.
Through personal choice, the business trades below the VAT threshold and offers huge potential to new owner/operators to increase both trading times and income/profitability.
Through personal choice, the business trades below the VAT threshold and offers huge potential to new owner/operators to increase both trading times and income/profitability.
Tenure
FREEHOLD £195,000 to include the goodwill and trade furniture, fixtures, fittings and effects. Stock at valuation in addition.
Licence
A full Premises Licence is held for the supply of alcohol Monday to Sunday 12 noon to 11 pm and late night refreshment Monday to Sunday 12 noon to 11.30 pm.
Services
All mains services are connected
Swansea City Council
Business Rateable Value £9,100
Business Rates Payable : 24/25 annual charge £5,114.20 less SBR £2471.20
Less retail relief £1,057.20 = £1,585.80 payable (assuming eligible for retail relief scheme)
Private Accommodation Tax Band : 1B High Street “B”
Full Tax Charge £1601.37
Swansea City Council
Business Rateable Value £9,100
Business Rates Payable : 24/25 annual charge £5,114.20 less SBR £2471.20
Less retail relief £1,057.20 = £1,585.80 payable (assuming eligible for retail relief scheme)
Private Accommodation Tax Band : 1B High Street “B”
Full Tax Charge £1601.37
Enquire about this listing
Ceiron Griffiths
Wales
Ref: 94932
