Here's your chance to snap up a popular Penarth restaurant business.

The Fig Tree, which is over three floors right on The Esplanade in the seaside town, is on the market for £400,000.

The business comprises a restaurant with an outdoor terrace on the first floor, a cafe ice cream take away on the ground floor and a roof terrace cafe, which currently hosts outdoor cinema events. The property and the business is described by the agents as one of the crown jewels within the Vale of Glamorgan and is highly regarded. There are possibilities for expansion and growth.

The business also enjoys panoramic sea views from every level.

There is visitors' parking outside and disabled access.

The lease has been extended to 125 years and the rent is £20,000 per year, 25 year rent review.

The lease holder is the council which is responsible for the building.

There is a shared wall agreement at the back, which the council hase the insurance on. The lease also is able to sub let.

There are substantial storage areas either side of the café which could be potentially developed to provide a significant amount of additional seating.

The first floor restaurant and bar has covers for up to 60 and has been refurbished to a very high standard.

There is indoor dining as well as out door dining on the veranda.

The restaurant has a professional kitchen, a dumb waiter to serve the other floors and male and female toilets.

There is potential for growth and expansion of this award winning fine dining restaurant.

Outside is a Victorian veranda which can seat up to 35 customers. Boasting panoramic views and being covered and surrounded by tropical gardens this is a wonderful place to sit and enjoy outdoor dining.

The outside courtyard area is currently used as an outdoor cinema event and has its own kitchen which also has a dumb waiter to and from the first floor kitchen. There is significant potential for growth and development of the roof top area.

The possibilities here are endless due to the location the size of the area and the panoramic views.

This area could be used to hold wedding parties, outdoor restaurant or a roof top bar.

This property is listed with Seabreeze Homes, Penarth. To arrange a viewing call 029 2243 0275.