Restaurant
An investment opportunity to acquire an established restaurant premises in a prime position within Llandudno. The property comprises a first floor restaurant with accompanying bar area and kitchen facilities. Staircase access is provided from the main street leading to the main restaurant which has frontage and views over the promenade and the sea.
Restaurant area 38ft 4inch (max) x 23ft 11inch (max)
Bar (with seating area) 28ft 8inch (max) x 18ft (max)
Inner Hall
Kitchen 26ft 8inch (max) x 14ft 9inch (max)
Note: The auctioneers have not inspected the property internally. The Ground floor is not included.
The property occupies a prominent position in the established retails area, being situated at the roundabout intersection of Gloddaeth Street and Mostyn Street. Directly above the ' perfect dreams' bedroom outlet, amongst a selection of complimentary business outlets and close to the seafront.
We understand the property leasehold with a substantial remaining long leasehold term, but is currently let on an informal basis to the restaurant occupier at a rate of £1,666pcm (£19,992 per annum) full details can be found within the legal pack.
Leasehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
