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£350,000

Restaurant for sale

Pier Street, Aberystwyth

£350,000

Restaurant for sale

Pier Street, Aberystwyth

Description

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Property features

  • LICENCED BAR & RESTAURANT
  • LIVING ACCOMMODATION ABOVE
  • LARGE FUNCTION ROOMS
  • A3 LICENCE
  • PARKING AT THE REAR
  • FOUR GENEROUS STORAGE UNITS
  • STORAGE BUILDING WITH TWO ROOMS
  • CHAIN FREE
  • BASEMENT AND CELLAR

Property description

THE MANDARIN CHINESE This is a superb opportunity to acquire a well-loved restaurant with a wide variety of delicious Chinese Oriental cuisine. Loyal customers visit the restaurant regularly to immerse themselves in the extensive menu or order from their popular takeaway service. There is more than meets the eye, with not only a restaurant with two large function rooms but also a fully equipped kitchen with four store rooms (cold/dry/fresh/general), a loyal following with a high rating on tripadvisor and google, licenced bar which is well equipped from the cellar in the basement, at the rear there is private car parking for up to four cars, another storage area with two rooms. As well as all of that there is also a three floored flat above the restaurant with all mains connected.  

LOCATION The property is prominently situated in Pier Street in the town centre of Aberystwyth. The property is located just up from the Pier and Seafront close proximity to all Aberystwyth's main tourist attractions such as the Cliff Railway, Castle grounds and Promenade.

Aberystwyth is an established university and market town and serves as the administrative centre for the area. The population at the 2011 census was 16,420 with a significant influx of students being in excess of 10,400 per year. The West Wales Coastal town enjoys views overlooking the Irish Sea. 

BUSINESS The business has been run by the existing proprietor for 30+ years and is only reluctantly offered for sale due to retirement. The business is diverse with income currently being received from the bar/restaurant, function room but could potentially bring in more income from the apartment upstairs and the cottage at the rear.  

RESTAURANT ROOMS 35' 4" x 22' 0" (10.77m x 6.73m) On entry to the property you are greeted with blue patterned carpet which runs throughout each of the restaurant rooms. There are two rooms, one large function room at the front with large windows and access to the bar and one at the rear with fire exit. There is a bar/service point and access to disabled toilet and further public toilets downstairs.  

WC Staff toilet comprising low flush toilet, wash hand basin and window to rear.  

THE RESTAURANT  

KITCHEN AREA 24' 8" x 11' 3" (7.53m x 3.44m)  

STORAGE UNITS Access to the store rooms via stairs from kitchen, or via outside. There are four store rooms (cold/dry/fresh/general) also WC.  

STORAGE UNIT ONE 14' 6" x 12' 2" (4.42m x 3.71m)  

STORAGE UNIT TWO 11' 9" x 7' 11" (3.60m x 2.43m)  

STORAGE UNIT THREE 16' 2" x 11' 8" (4.95m x 3.58m)  

STORAGE UNIT FOUR 11' 2" x 10' 7" (3.41m x 3.25m)  

STORAGE BUILDING Opposite the storage rooms, this storage building can be accessed outside. It could be transformed into what ever the next owner wishes but has heating and electric so potentially a good space for an office.  

ROOM ONE 13' 8" x 8' 10" (4.18m x 2.71m)  

ROOM TWO 9' 4" x 9' 3" (2.86m x 2.82m)  

BASEMENT Stairs from the restaurant down to basement area where you will find the public toilets, access to storage cupboard and door to cellar.  

TOILETS Fully tiled ladies' toilet with two low flush toilets and wash hand basin. Fully tiled gentlemen's cloakroom with urinal, low flush toilet and wash hand basin. 

CELLAR 20' 10" x 16' 9" (6.37m x 5.12m) Range of space for all goods. Down here there is access to all meters.  

THE FLAT Accessed via a door in the bar area from the restaurant. Stairs rising to first floor. The flat has three floors. In need of some modernising but overall in good condition.  

FIRST FLOOR Bathroom and separate WC.  

BATHROOM 9' 0" x 6' 1" (2.76m x 1.86m) Comprising bathtub, hand wash basin and two privacy windows.  

WC Low flush WC. 

SECOND FLOOR Stairs rise to second floor. Three rooms that can be utilised as what ever the next owner wishes.  

ROOM ONE 20' 7" x 13' 9" (6.29m x 4.20m) Range of sockets and switches, large bay window to front. Fireplace.  

ROOM TWO 18' 4" x 10' 8" (5.60m x 3.27m) Large bay window overlooking the rear. Neutrally decorated and fully carpeted with a range of sockets. Fireplace. 

ROOM THREE 14' 5" x 5' 8" (4.40m x 1.73m) Window to front. Neutrally decorated and fully carpeted.  

THIRD FLOOR  

ROOM FOUR 20' 3" x 17' 10" (6.18m x 5.44m) Could be utilised as another bedroom or lounge area.  

ROOM FIVE 15' 0" x 11' 1" (4.58m x 3.40m) Currently utilised as a lounge area. Open plan with old fashioned circled archway. In need of some modernisation. Two windows to front.  

TOP FLOOR  

ROOM SIX 12' 9" x 12' 6" (3.89m x 3.82m) Neutrally decorated and fully carpeted. Window to front.  

ROOM SEVEN 13' 2" x 9' 11" (4.03m x 3.04m) Window to front.  

ROOM EIGHT 13' 1" x 6' 10" (4.01m x 2.10m) Window to rear.  

BATHROOM 9' 1" x 7' 5" (2.77m x 2.28m) Bathtub, hand wash basin, WC. Window to rear. Cupboard.  

LICENCE AND SERVICES The property is understood to benefit from a Premises Licence. (No services were tested at the time of our inspection). All mains services are available at the property. 

IMPORTANT INFORMATION MONEY LAUNDERING REGULATIONS 2020 - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask you for your cooperation in order that there will be no delay in agreeing the sale. 

VIEWINGS Accompanied. [use Contact Agent Button] or contact sales@alexanders-online.co.uk for more information. 

COPYRIGHT © 2020 by Alexanders Estate Agency. All rights reserved. This publication or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher, except for the use of brief quotations in a property review. 

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