Price £169,500

Rent £15,000 per annum

Rates Payable From April 2018 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2023-24 the multiplier will be 0.535. We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Description

The subject property comprises a detached two storey building currently occupied for use as an Indian restaurant with integral owner’s accommodation (formerly known as The Royal Queen Hotel Public House), which is situated along an established mixed use location within the popular village of Skewen.

The ground floor, which can be accessed directly off the main pedestrian walkway to the front via a small entrance foyer, accommodates the restaurant and bar area, which appears to have been subdivided in part to comprise two dining areas with various seating for approximately 30-40 covers in total. Ancillary accommodation is also available to the rear, comprising a commercial kitchen/ preparation area and additional customer w.c. facilities. A small beer cellar is also located within the basement, which can be accessed internally off the commercial kitchen.

The first floor, which can be accessed internally over the main sales area comprises additional owner’s accommodation, which benefits from five bedrooms, one reception room, kitchen, bathroom and a separate shower room.

We also advise that the subject premises is currently occupied in its entirety and held on a standard business tenancy for a term of 20 years from 19th March 2019 at an initial rent of £20,000 per annum (exclusive). However, we have been advised that the subject premises could also be acquired with full vacant possession on the basis that the Tenant's intention is to forfeit this occupational lease as a result of non-payment of rent.

Rates

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

Rateable Value (2023): £16,750

From April 2018 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2023-24 the multiplier will be 0.535.

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

VAT

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

Terms and Tenure

The subject premises is available with the benefit of the Freehold interest with full vacant possession.

Alternatively, the subject premises is available by the way of a new effective full repairing and insuring lease (under terms to be negotiated).

Viewing

By appointment with Joint Agents