Penygraig Road, Townhill, Swansea

Description

The subject premises comprises an extended two storey, detached premises, which is situated along a prominent main road position along the edge of Swansea city centre within the suburb of Townhill, measuring approximately 204.69 sq.m (2,203.28 sq. ft.) in total.

Internally, the subject premises accommodates the main sales area to the front, which can be accessed directly off the main pedestrian walkway via a single entrance door. The main sales area, which comprises a large service counter (including range cooker and various catering equipment) and waiting area, is also supported by ancillary accommodation, comprising an additional fully fitted and equipped commercial kitchen, preparation area, various store rooms and staff shower facilities.

The remaining accommodation, arranged over the first floor, which can also be accessed internally to the rear of the main sales area comprises integral owner’s accommodation, which benefits from five bedrooms, one reception room, the family bathroom and a domestic kitchen.

Externally, we note that the main building accommodates the majority of the site, with the exception of a gated driveway to the front and a small enclosed courtyard area to the rear. An additional single garage is also located further to the rear, which can be accessed directly off Eigen Crescent to the north.

We note that the subject property will be offered for sale as a going concern (trading as Saigon Chinese Takeaway), to include the existing business fixtures and fittings. We have been advised that the existing business benefits from a turnover up to £80,000 per annum, which has the potential for further growth.

Location

The subject premises is located along a prominent main road position, facing Penygraig Road within the suburb of Townhill.

Townhill is a residential and commercial suburb, along the edge of Swansea City Centre, approximately half a mile away in a northerly direction.

The immediate vicinity comprises an established mixed use area occupied predominantly by densely populated residential housing, as well as a small parade of independent retail units (approximately 50 metres away), comprising a coffee shop, post office, hot food takeaway and convenience store.

Accommodation Comprises

The subject premises affords the following approximate areas:

GROUND FLOOR

Commercial

Sales Area: 36.71 sq.m (395.14 sq. ft.)
with service counter to entire width of sales area, fitted with a range cooker, glass fronted display fridge, etc.

Shop Depth: 6.76m (22'2")

Internal Width (max): 6.30m (20'8")

Ancillary: 69.29 sq.m (745.83 sq. ft.)
which briefly comprises the following.

Preparation Area: 5.55m x 3.13m
with integrated drainage over floor for potato peeler and chipper.

Shower Room
fitted with a shower enclosure, wash basin and w.c.

Store Room: 5.41m x 1.78m
with chest freezer, door to.

Hallway
door to rear courtyard, stairs to first floor.

Commercial Kitchen: 4.34m x 4.67m
fully fitted and equipped, to include gas fired 6 ring wok burner and extractor hood, 4 ring gas burner and oven, various preparation tables, etc.

Store Room: 6.87m x 2.92m
with door to rear courtyard, with various chest freezers and double fronted refrigeration unit.

FIRST FLOOR

Residential

Gross Internal Area: 98.69 sq.m (1,062.29 sq. ft.)

Landing
with doors to.

Lounge: 4.24m x 3.65m (plus bay window)

Bathroom
fitted with a three piece suite comprising bath, w.c. and wash hand basin.

Kitchen: 3.14m x 3.78m
fitted with a range of wall and bas units incorporating sink drainer, electric cooker point, etc. housing wall mounted gas fired combi boiler.

Bedroom 1: 3.14m x 3.21m

Corridor
with doors to.

Bedroom 2: 2.87m x 3.75m

Bedroom 3: 1.85m x 2.93m

Corridor
with doors to.

Bedroom 4: 4.69m x 2.12m

Bedroom 5: 3.76m x 2.20m

EXTERNALLY

A small gated driveway is available to the front, providing parking for 1-2 vehicles. An additional single garage units is also available to the rear, off Eigen Crescent, measuring approximately 2.91m x 5.32m.

Rates

As stated on the VOA website the Rateable Value for the subject premises is as follows:

Rateable Value (2023): £5,400

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024-25 the multiplier will be 0.562.

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 therefore advise that the subject premises is eligible for 100% small business rates relief (subject to satisfying the necessary criteria).

The residential accommodation is rated separately and further enquiries will need to be made with the relevant Local Authority to confirm the current Council Tax band rating.

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

VAT

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

Terms & Tenure

The subject premises is available Freehold, as a going concern, to include the business fixtures and fittings.

Viewings

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: 01792 479 850
Email: commercial@astleys.net