• Little Italy Fore.jpg
  • A WELL PRESENTED RESTAURANT/ BAR
  • FIRST FLOOR RESTAURANT
  • KITCHEN
  • KITCHEN
  • KITCHEN
  • LIVING ROOM
  • BEDROOM

Little Italy, 51 North Parade

£395,000
(Offers in the region of)

Status

Available

Property Agent

Aled Ellis

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Reference: C14/061

Overview

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)

Brochure

Brochure

To find out more information about the property, please feel free to download the brochure.

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Description

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. On
the 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:

Freehold

Services:

All mains services are connected. Gas central heating.

Eer Rating:

Restaurant = 97 Flat = 25

Ratable Value:

£13,500. Rates payable £6750.00

Viewing:

Strictly by appointment with the selling agents, Aled Ellis & Co, 16 Terrace Rd, Aberystwyth. 01970 626160 or sales@aledellis.com

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 FLOOR

APPROACHED THROUGH A STABLE DOOR TO

A Well Presented Restaurant/ Bar

with 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 to

Gents Toilets

with wash hand basin and one toilet.

First Floor Restaurant

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 to

Hallway

with door to fore and stairs to first floor accommodation. Radiator and access to

Ladies Toilets

with wc, wash hand basin, tongue and groove and tiled splash backs.

Second Floor Accommodation

with access to

Kitchen

A well laid out with modern equipment as per inventory.

STORE ROOM

Bathroom

comprising 3 piece suite, velux window and exposed wooden floor.

THIRD FLOOR ACCOMMODATION

Bedroom

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

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 Comments

Little 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.

Directions

On foot from the office turn left and almost immediately right down North Parade and Little Italy is on your right hand side.

Location Map

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