Investment Property Seaside Restaurant And Takeaway In Rhyl For Sale

Business description

Our client took over the business in 2003 when it was trading as an amusements arcade, in 2008 our client changed the business into a restaurant and takeaway which has traded successfully ever since. The restaurant offers an American inspired menu of mainly burger dishes and serves the many tourists who frequent the area alongside the local community all year round.

The property itself is two adjoining buildings which boast four self contained flats at 1st and 2nd floor levels. Privately rented with 100% occupancy, the flats generate a considerable rental income of £21,600 per year. As an investment opportunity the property could easily achieve £25,000 per year if the ground floor lock up was to be rented also, which would give the new owner a rental income of £46,600 per year. In good condition throughout the property also has potential to be extended to the rear with space for further rental accommodation.

Brought to market as our clients wish to relocate, the property is being offered at a significant discount from market value, as such early enquiries and viewings are highly recommended to avoid disappointment.

Property information

Property:

Freehold

Living accommodation:

Upper floors There are four self contained flats arranged over the 1st and 2nd floors. Two flats have 3 bedrooms and the other two flats have 2 bedrooms, all have living rooms, fitted kitchens and bathrooms. Plans have been drawn up to divide the flats into six, being two 1 beds and four 2 beds, this again could be advantageous in terms of increased rental income for an incoming owner.

Premises details:

The two adjoining Victorian Villas are very well presented throughout and comprise of:

Ground Floor Lock Up
The ground floor of the property opens directly onto the promenade pavement, there is a double sided counter to serve takeaway orders from the front and dine in customers from the rear with a spacious and well appointed dining room, of which there are customers WC facilities.

There is a further room at ground floor level which is currently not utilised but could be made into further dining space or into further accommodation with access from the rear of the building.