• Prominent two storey property
• Business and freehold for sale
• Chinese takeaway/restaurant
• To be sold with Vacant Possession
• Apartment previously let for £5,040PA
• All fixtures and fittings included
We are pleased to offer to auction the freehold and business of this mixed use property, prominently located at the end of St Vincent Road, just off Corporation Road, Newport. The ground floor is a commercial A5 use class takeaway/restaurant, which is occupied by the Chinese food business 'Honour Garden' which is included in the sale. To the first floor is a tenanted two bedroom apartment with separate entrance, which generates an income of £5,040 per annum. The first floor apartment would be an ideal home to run the business from, or to be kept as an additional income source.
GROUND FLOOR: commercial accommodation Restaurant area: 7.15m x 4.72m The main restaurant with hardwood flooring, central heating radiators, false ceiling, wall lighting. 24 covers. Under stairs storage space, serving counter, door to customer toilets.
Toilet Low level W.C., ceramic tiled flooring, ceramic tiles to all walls, wash hand basin. Wall mounted Worcester combination boiler.
FIRST FLOOR: residential accommodation Own separate double glazed entrance stairs leading to the first floor landing.
First floor landing Wood laminate flooring, plastered and painted finish to ceiling and walls, access to loft space, Open kitchen area off.
Kitchen: 3.07m x 2.82m Fitted with wall and base units, matching roll top food preparation work surfaces, stainless steel sink, drainer and mixer tap. Gas hob with extractor hood over, wall mounted Worcester boiler, obscured upvc double glazed window to rear, full tiling to all splash backs, free standing fridge / freezer and plumbing and space for washing machine.
Bedroom: 2.64m x 2.42m Two upvc double glazed windows to front, wood laminate flooring, central heating radiator,
Bedroom:3.00m x 2.00m Upvc double glazed windows to side and rear, central heating radiator. Wood laminate flooring.
Bathroom White suite comprising: low level W.C., pedestal wash hand basin, paneled bath with electric shower over, obscured upvc double glazed window to rear.
The subject business is a Chinese takeaway/restaurant, currently trading as 'Honour Garden'. The business has been successfully trading for 30 years, and is only being made available due to retirement. The restaurant has 24 covers with serving counter, customer toilets and full gas fired central heating. The sale is to include all fixtures and fittings, including professional fitted commercial kitchen with all fittings and equipment, fryers, cooker, extraction units, stainless steel prep areas, fridges, freezers, etc.
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
This leisure property for sale is located in Newport
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