Traditional Fish & Chip Shop Leasehold Tenure, Wildmill, Bridgend, CF31 1SP Property Ref: 23063

£7,250 pax
Property Ref: 23063

Immediately available For Sale an established traditional Fish & Chip Shop business being offered up as a going concern and fully fitted out to a high standard. The property is held under terms of a secure lease from Valleys To Coast Housing Limited. It is envisaged that a new lease direct from the property landlord can be made available. Located within a small commercial parade on the Wildmill Housing Estate a high density residential estate located on the outskirts of Bridgend town centre. Asking premium £21,950 ono.

  • Information

    Immediately available For Sale an established traditional Fish & Chip Shop business being offered up as a going concern and fully fitted out to a high standard. The property is held under terms of a secure lease from Valleys To Coast Housing Limited. It is envisaged that a new lease direct from the property landlord can be made available. Located within a small commercial parade on the Wildmill Housing Estate a high density residential estate located on the outskirts of Bridgend town centre. Asking premium £21,950 ono.

    LOCATION
    The property is located at The Precinct, the small neighbourhood district/commercial centre serving the Wildmill housing estate.

    The property has the benefit of being set within a high density residential area, conveniently located just North of Bridgend town centre.

    The property is well located to serve not only Wildmill but also residents within the nearby residential areas of Bridgend including Litchard, Park Derwen and Brackla to the East.

    DESCRIPTION
    The property briefly comprises of a ground floor lock-up shop and premises that is long established now as a traditional fish & chip shop use. Other occupiers in close proximity include Wildmill Community Centre and Convenience Store with the businesses being well serviced by a communal customer car park.

    The property is very well presented and fully fitted out internally for use as a traditional Fish & Chip Shop Takeaway business and briefly provides the following accommodation:-

    Main Chip Shop Area: a very well presented servery and customer area which including a store room provides for approximately 44 sq m (472 sq ft) net internal area of accommodation.

    The servery and cooking area includes a 3-pan range and is of a size and scale that offers scope and potential for alternate/ancillary food offers including pizza, kebabs, etc.

    Ancillary kitchen/prep area: 8.4 sq m (90 sq ft)
    Chipping room/store room: 9.9sq m (106 sq ft)

    Outside: A small enclosed yard allows for wheelie bin storage and limited storage space.

    TERMS
    The property is to be sold Leasehold tenure being held under terms of a secure 12 year Lease from 31st January 2017 at a rental of £7,250 PAX.

    The property is available To Let by way of Lease Assignment albeit it is envisaged that a new Lease direct from the property landlord will be made available, subject to status. Details on application.

    Premium
    A premium of £21,950 ono is sought for the goodwill and the substantial inventory of trade fixtures and fittings with any stock at valuation.

    VAT
    All figures quoted are exclusive of VAT if applicable.

    LEGAL COSTS
    Each party to be responsible for their own legal costs incurred in the transaction.

    OTHER
    Fixtures & Fittings
    The property is to be sold as it stands together with a substantial range of good quality trade fixtures and fittings and catering equipment with a detailed inventory available by request.

    The Business
    This established family run business operates Monday to Friday 12.00 noon to 8.00pm and on Saturday 12.00 noon to 6.00pm offering scope therefore to increase turnover by way of longer opening hours.

    The property has the benefit of an unfettered A3 planning consent which allows for a range of food takeaway uses.

    The property is to be sold fully fitted out essentially as a going concern with the business benefiting from a 5 star food hygiene rating.

    Whilst the property is ideally suited for its existing use as a Traditional Fish & Chip Shop the property offers obvious scope and potential for alternate/ancillary A3 Food Takeaway Uses.

    VIEWING
    Strictly by appointment only through sole letting agents:

    Messrs Watts & Morgan LLP
    Tel: (01656) 644288
    Email: [email protected]

    Please ask for Dyfed Miles or Sara Magness

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