Property description

Sower Estates has the privilege of selling this authentic Italian restaurant which serves traditional cuisine within relaxed surroundings. The restaurant was first opened for trading in 1979 and changed hands to its current owner in 1993.

Property Description
The property occupies three floors and a separate unit to the main road. The freeholder is willing to grant a flexible lease for 10 -15 year lease. The property includes the ground floor restaurant, kitchen with mezzanine floor for additional seating and toilets facilities. To the front of the building is a storage area or could be used as a one bedroom flat. The property benefits with large cellar and storage area to the basement.

Huge potentials to increase the sale, significantly by:
• Opening extended hours in the evenings
• Promoting takeaway service
• Advertise on Just Eat -etc

Rent and Income from sublets
At present, the Lease on the building includes the restaurant building at Cowbridge Rd East, the front shop unit at 126 Cowbridge Rd East and the hairdressers next door at 2 Severn Road. The Lease is for a term of 25 years from 01/03/1992 – the Landlord is willing to renew and extend the current lease. The annual rent is £26,000.00. The ground floor shop is on a 3 years lease that runs out on 28/02/2015. Current rent payable from sublet is £200.00 per week. The second sublet tenant is on a 3 year lease which runs out on 28/02/2017. Current rent payable is £200.00 per week.


Location
Canton has long been recognised as one of the most multi-cultural areas of Cardiff . The main road through the district is Cowbridge Road East, a busy thoroughfare with many discount shops as well as pubs and restaurants and independent retailers. Canton is home to Thompson`s Park and Victoria Park, to the education centre Llanover Hall, and to the Chapter Arts Centre, which is housed in a former school.
Though the area has strong working class roots, many artists and young professionals have found the proximity to the city centre and the number of arts venues and pubs an attraction, which has resulted in gentrification and a bohemian feel.

Please note that this is a confidential sale and do not approach without prior appointment.


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Property Features :

• Established since 1979
• 78 Covers
• Restaurant Licence
• Huge potentials to increase the sales
• Currently opening hours: 10am to 2:30pm, then 6-11pm.