63 Uplands Cres - Storefront Retail/Residential FOR SALE


Swansea, WGN SA2 0EY
$189,000 USD
63 Uplands Cres, Swansea, WGN for Sale
$189,000 USD
Storefront Retail/Residential - FOR SALE
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null | Request Cap Rate

63 Uplands Cres
Swansea, WGN SA2 0EY


HIGHLIGHTS

  • FOR SALE - £189,000
  • Popular Business For Sale
  • Good Investment Opportunity
  • Profitable Business
  • All fixtures and fittings included

OVERVIEW

The Leasehold interest in our clients’ premises is available for £189,000. Lease Assignment, currently approximately 5 years left of a renewable lease which is within The Landlord and Tenant Act 1954. The rent is £4,513.86 per month. From our understanding the current landlord would be happy to give a new long-term lease upon completion of assignment. All fixtures and fittings included. The business has been known as its current trading name for 30 years and is regarded as one of the cornerstones of the local community. The business is now being reluctantly sold due to the owners wish to enjoy a well-earned retirement. The owner is keen to see his beloved food delivery service passed to an ambitious and entrepreneurial new owner, who can take this already thriving business to the next level. There is the possibility for a handover period between current owner and purchaser to ensure a good handover and continued success. This is a well-established business with a very good reputation and many existing customers. Pre Covid the premises boosted an impressive 142 covers. During covid, the business took measures and adjusted to cater for more online sales, hence the losing of seating. Now the business is in a process of restoring previous covers to maximise capacity through sit in sales and online delivery sales. The premises comprises of a bespoke counter area to the front, which is ideal for orders to be placed and collected by delivery drivers. There is also a seating area to the front, with seating for up to 12 people. The middle section used to seat 44 people pre covid but is now being used as ancillary storage. The rear section used to seat 58, now comprises a large open place kitchen, which is linked to a pot-wash area, a second prep kitchen are and a storeroom. There are WC facilities and ancillary storage to the rear. There is also an area to the rear where all our waste trolley bins are stored, next to onsite parking bays. The business currently benefits a licence to serve alcohol up until 12:00 midnight. Situated on Uplands Crescent, this property is conveniently located and benefits from high levels of footfall. The Uplands is densely populated by residential property occupied by students and neighbours include a mix of local and national covenants i.e. Tesco, Starbucks, Burger King etc.

FOR SALE DETAILS

PRICE

$189,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,911 SF

ZONING

-

APN/PARCEL ID

CYM303736,WA477319

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Joe DemarcoDawsonsMore Info

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