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Ground floor commercial for sale Glandovey Terrace, Aberdovey

Asking price

£25,000

Added two days ago

Type: Ground Floor Commercial
Tenure: Ask agent

Key features

• Opportunity to acquire a successful cafe business
• Excellent location in the heart of Aberdyfi - Benefitting from year-round holiday trade
• Sale as a going concern with fixtures and fittings
• Indoor and outdoor seating
• Ground and first floor premises
• A new ten-year lease is to be signed on a full repairing and insuring basis. The current rent is £15,600 per annum.

About this property

A unique opportunity to acquire a successful cafe business, located in the heart of the popular coastal village of Aberdyfi. Positioned a short walk from the beach and benefitting from a central location, Medina Cafe has been successfully run by the current owners for a number of years. The village is a popular tourist and holiday destination, with the cafe taking full advantage of the year-round trade.

Floorplan

Council tax

Ask agent

Location

Glandovey Terrace, Aberdovey

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Mortgage and stamp duty

Property price £25,000

£13k £38k

Deposit12% £3,000

£0 £25k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £22,000 mortgage. Most lenders would want a household income of about £5,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.