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Investment opportunity
Situated on Porthcawl Seafront
Occupied by the Boathouse Fish Bar & Restaurant
15 yr lease with 7 yrs remaining
The property comprises a two-storey retail shop and premises situated in the prime retailing location on Porthcawl promenade.
The property is currently occupied by the Boathouse Fish Bar & Restaurant on a 15 year lease from and including 2018, with 7 years remaining on the lease. The tenant has a rolling break option.
The property is let on a Internal repairing lease, contracted outside the provisions of the Landlord and Tenant Act 1954. The current rent is £10,500 per annum. The tenant also occupies 36 Esplanade (to the right of the subject - the garage); however, this is not included in the sale.
Internally, the property has recently been refurbished to a high specification and is fitted out to an upmarket fish and chip restaurant. The fish bar is located to the front of the property with customer seating, with additional seating provided on the upper floor.
Externally, the property is built to a traditional standard of construction with masonry elevations under a slate tiled pitched roof.
Retail area
37.9 sq.m
407.95 sq.ft
First floor
18.2 sq.m
195.90 sq.ft
Total NIA
56.1
603.85
Please note all measurements are approximate and have been undertaken on a Net Internal Area (NIA)
Broadband: up to 1000mbps
Freehold
Disclaimer - These particulars are provided as a general guide only and do not form part of any contract or offer. While believed to be accurate, they are not guaranteed. Some images may include CGI or digitally enhanced furnishings for illustrative purposes only and are not included in the sale. All negotiations must be conducted through Herbert R Thomas.