Welshpool Excellent Roadside Restaurant On Main A Road For Sale

Property Information

Property:

Leasehold

Lease Terms:

LEASEHOLD: £50,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
TERM: 6 years.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable subject to Landlord’s consent.
BOND: A bond equivalent to three months’ rent in advance.
RENT: £30,000 per annum, paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
TIE: Free-of-tie.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT will not be payable on the Premium.

Leasehold Rent:

£30,000 per annum

Location:

Fabrizio’s occupies a prominent roadside position, nestled in the picturesque countryside of Powys. It is located on the main A458 Midlands to central Wales trunk route, making it very visible to passing trade.

The busy and prosperous market town of Welshpool is four miles west. Welshpool is a popular market town which attracts visitors and tourists throughout the year. It is also the focal point for a much wider agricultural area and its community.

Welshpool stands on the England/Wales border in an area known as The Marches and the renowned walkers' route, Offa's Dyke, passes nearby. Tourists are also attracted to the nationally renowned Powis Castle located on the edge of the town; this being the seat of the Herbert family, the Earls of Powis. As of the 2021 census report, Welshpool had a population of over 6,500.