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North Parade, Aberystwyth, Wales, SY23

2015-04-15 00:00:00
Reference number: REF132440
395,000 £
Bedrooms 1
Bathrooms 1 Bath
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Location details
North Parade
Apr 15, 2015
Additional information
Reference Number
North Parade, Aberystwyth SY23
A well established and popular town centre restaurant with well fitted kitchen and one bedroomed self contained flat on the third floor (EER rest - 97 flat - 25)We are pleased to have received instructions to offer for sale Little Italy which has enviable reputation in town having been established for over 25 years and having been successfully run by the vendors and tenanted in the interim.The restaurant is licensed and is currently arranged to provide a restaurant with seating area and bar on the lower ground floor with more seating on the first floor. Both floors provide for over 40 covers. The large well fitted kitchen is situated on the second floor with a fully maintained dumb waiter lift. Onthe the third floor there is a comfortable residential one bedroomed flat providing accommodation for a manager or owner proprietor. This property offers a fantastic opportunity for an ambitious chef to own, run and operate their 1st restaurant which has such goodwill in the town.Little Italy operates 6 days a week from 18.00 to 23.00. The business over the last six years was leased out generating a substantial income. The vendors have successfully taken over the reigns again and the business is achieving its targeted turnover and targeted gross profit. The projected turnover could easily be increased further by opening 7 days per week and also some daytimes and also by providing Sunday lunches which no doubt would prove popular having been so successful in the past.The business is currently run by the owners who have owned the restaurant for over 20 years with 4 full time (including the 2 owners themselves) and 5/6 part time staff.Aberystwyth is a thriving university and a popular coastal resort. Many employers are situated in or near the town to include the university, Bronglais hospital and National Library of Wales. Little Italy is well situated in the heart of the town within close proximity to major retailers, banks and also within short walking distance of the promenade.Tenure:FreeholdServices:All mains services are connected. Gas central heating.Eer Rating:Restaurant = 97 Flat = 25Ratable Value:£13,500. Rates payable £6750.00Viewing:Strictly by appointment with the selling agents, Aled Ellis & Co, 16 Terrace Rd, Aberystwyth. Or Little Italy provides for the following accommodation. All room dimensions are approximate. All images have been taken with a wide angle lens digital camera.Lower Ground FloorApproached Through A Stable Door ToA Well Presented Restaurant/ BarWith many oldy worldy features such as original slate floor, an attractive stone fire place withrealflame effect gas fire, exposed stone wall, exposed stone bar, shelving, stairs to first floor restaurant and access toGents ToiletsWith wash hand basin and one toilet.First Floor Restaurant (11.89m x 8.05m”)Well laid out as per the inventory with exposed wooden floor, bay window with pleasant outlook overlooking North parade, preparation area with down waiter lift and first floor kitchen. Access toHallwayWith door to fore and stairs to first floor accommodation. Radiator and access toLadies ToiletsWith wc, wash hand basin, tongue and groove and tiled splash backs.Second Floor AccommodationWith access toKitchen (12\'7” x 25\'3”)A well laid out with modern equipment as per inventory.Store Room (2.92m” x 1.98m”)Bathroom (1.93m” x 2.79m”)Comprising 3 piece suite, velux window and exposed wooden floor.Third Floor AccommodationBedroom (12\'1” x 12\'2”)With window to rear, exposed wooden floor and feature cast iron fire place.Living Room (3.10m” x 4.19m (10\'2” x 13\'9\"))With window to fore, radiator and feature cast iron fire place.Kitchen (2.59m” x 3.89m”)Comprising worktops with Inset Belfast sink with mixer tap, base units with built in electric cooker with 4 ring hob over, eye level units with extractor fan, plate rack and glazed units. Exposed wooden floor and window to fore. Wall mounted Worcester central heating boiler and access to attic.Agents CommentsLittle Italy is one of the most popular restaurants in the town and therefore this is an excellent business opportunity to acquire a well established licensed restaurant with enviable long established reputation in a superb town centre location. This restaurant is therefore well worthy of inspection as the business is only reluctantly been offered for sale as the vendors are pursuing other business opportunities.DirectionsOn foot from the office turn left and almost immediately right down North Parade and Little Italy is on your right hand side.
1 Bath
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