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Restaurant & cafe,retail,investment for sale in Newport Street, Swindon, Wiltshire, Sn1

Asking price £340,000

INVESTMENT FOR SALE Prominent Cafe/Restaurant with residential accommodation above.

  • Town
  • Investment
  • Restaurant & Cafe
  • Retail
  • Investment

The property comprises of a ground floor sales area with the benefit of an A3 planning consent for café/restaurant purposes. The ground floor is largely open plan with a separate kitchen/server area and WC. Three bay windows and two doors to the front elevation provide a good level of natural light and there is a small courtyard garden accessed through the kitchen. The first floor, accessed via a feature spiral staircase, is currently arranged to provide further restaurant seating and bar area with WC. The second floor provides three good sized bedrooms for living accommodation.
The property benefits from all mains services along with gas fired central heating. We should advise that the services and appliances have not been inspected or tested for the purposes of preparing these particulars.

The unit has been measured on a net internal basis in accordance with the RICS Code of Measuring Practice:

Ground Floor 694sq ft
First Floor 562 sq ft
Second Floor 428 sq ft
TOTAL 1684 sq ft

Tenure and Rental
The property is held on a freehold basis and is available for sale with a guide price of £340,000.
The property is currently let on FRI terms for a term expiring on 20th April 2019 at a passing rent of c£20,000 per annum. A copy of the occupational lease along with further information can be made available to interested parties.
Alternatively, the property is also available to let – please contact the agent for further information in this regard.

Finance Act 1989
Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T). Any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction.

Legal Costs
Each party will be responsible for their own legal and administrative costs arising from any proposed transaction.

Energy Performance Certificate
Rating: C – 66

All mains services, including gas, are connected to the property. We have not tested any of the services supplied, so recommend that prospective tenants satisfy themselves that they meet their occupation requirements and current regulations.
We have been advised that the property has an existing Class A3 use of the Use Classes (Amendment) Order 2005 so may be used for shops and general retail purposes. We recommend interested parties direct any planning queries to the local planning department.

Contact Info: Andrew West
M: 07968 329 479
E: andrew.west@humberts.com