Property Description:
A Prime Opportunity for Renovation and Innovation.
Situated in the town centre of Porth, the Riverside Bar and Restaurant stands as a substantial property with enormous potential. Nestled along Pontypridd Road, a main artery through town and conveniently located next to the main bus stop and railway station, this establishment offers both locals and visitors a promising location for socialising and dining.
The property itself is an end-of-terrace structure, predominantly constructed with stone and brick, crowned by a pitched slate roof. Boasting a prime riverside location overlooking the Rhondda River, the Riverside Bar and Restaurant features a spacious open-plan trading area on the ground floor, complete with stripped wood effect flooring and a functional kitchen with quarry-tiled flooring. To the first floor is residential accommodation, consisting of a 4 bedroom apartment with large sitting room, 2 bathrooms and a kitchen.
Riverside Terraces: A key attraction is the private and trade riverside terraces, providing patrons with a serene backdrop along the Rhondda River. The ground floor terrace accommodates up to 40 guests, while a smaller private roof terrace on the first floor offers an intimate setting.
Town-Center Convenience: Positioned next to the main bus stop and within a one-minute walk from the railway station, the Riverside Bar & Restaurant enjoys high visibility and accessibility, making it a potential hub for both locals and commuters.
Development Potential: With the property currently closed and stripped of furnishings, there is a unique opportunity for redevelopment or alternate use, subject to obtaining the necessary planning permissions. The substantial size of the property opens the door to a range of possibilities.
Business History:
Under previous ownership, the Riverside Bar & Restaurant operated as a popular establishment. However, the current owners, having previously leased the property, are now offering the freehold interest for sale. The business is presently closed, and there is no available accounting information. Prospective purchasers are encouraged to conduct their assessments regarding the future viability of the business.
Local Attractions and Accessibility:
Porth is strategically located in the Rhondda Valley, offering easy access to the Brecon Beacon National Park and the A465 Heads of the Valley route. Additionally, the town is only five miles away from Pontypridd and the A470, providing convenient access to the M4 motorway and Cardiff.