Toast, 96 Penybanc Road, Ammanford, Carmarthenshire

£40,000 Offers in the region of

Leasehold

The subject premises comprises a ground floor self-contained retail unit, which forms part of an existing petrol filling station site located along a prominent main road position along the outskirts of Ammanford town centre.

Internally the premises has recently been refurbished to accommodate the main sales area to the front, which benefits from free standing seating for approximately 30 covers and a large servery counter.

The main sales is also supported by customer w.c. facilities, various store and preparation rooms and a fully fitted catering kitchen located directly to the rear.

We have not had sight of the current trading figures but we have been advised that the business benefits from a turnover of approximately £1,500 per week with potential for growth.

The business currently has a 5* Hygiene Rating, while the current opening hours are between 8am and 4pm, Monday to Sunday.

We therefore advise that the subject premises is ideally located and fully fitted for its existing use as a roadside cafe/ restaurant.

The subject premises forms part of an established petrol filling station, along Penybanc Road, which is one of the main distribution roads (A483) linking Ammanford town centre to the M4 Motorway (Pont Abraham Junction).

The subject premises is situated along a prominent roadside location approximately 1 mile from Ammanford town centre and 4 miles to the north of the M4 Motorway.

Adequate car parking facilities are also located within the forecourt.

The property provides the following approximate dimensions and areas:

Ground Floor:

Net Internal Area: 98.80 sq.m (1,063.50 sq. ft.)

Sales Area: 53.47 sq.m (575.55 sq. ft.)
with free standing seating for approximately 30 covers and large servery counter fitted with a range of equipment including a glass fronted sandwich bar, an under-counter fridge and a “La Spaziale” coffee machine.

Customer W.C. Facilities

Store Room 1
with various shelving units, glass top chest freezer and free standing freezer.

Store Room 2
with doors to store cupboard housing gas fired boiler.

Catering Kitchen
fitted with a range of equipment including a range of stainless steel preparation tables, double sink unit, dishwasher, a grooved panini press, an electric twin pizza oven, refrigerated prep counter, a twin tank fryer, a gas fired flat griddle and a 6-ring gas hob and double oven with extractor canopy.

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

Rateable Value (2017): £5,500 (subject to verification)

From April 2019 the Welsh Government will set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2019-20 the multiplier will be 0.526.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6000 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 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.

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

We offer for sale our client’s interest which is held on an occupational leasehold agreement subject to a premium quoted within our particulars.

Documentation is available upon request and briefly comprises the following:

Rent: £12,000 per annum (exclusive)
Term: 5 years from 29th May 2019
Repairing Obligations: Internal Repairing and Insuring
Rent Reviews (if applicable): None

By appointment with Sole Agents:

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