£400,000

Restaurant for sale

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Retirement
Freehold

Offers over

£400,000

Restaurant for sale

High Street, Sandown PO36

2 baths
1 reception

Local area information

Property location

Nearby amenities

  • The Bay Church of England School 0.3 miles
  • Sandown 0.4 miles
  • Lake 0.8 miles
  • Broadlea Primary School 1.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Restaurant/bar
  • Close to beach & esplanade
  • Three bed owners accommodation
  • Sea views
  • High street locality
  • Retirement sale
A substantial three storey building comprising of a restaurant on the ground floor and owners accommodation on the 1st & 2nd floors over. The current owners have had the property since 2008 and in that time have built up a successful restaurant business that currently has 36 covers and trades for 5 months of the year on a 6 day basis. Our clients have now decided the time is to retire from the business hence it is now offered for sale as a going concern and the price will include all the fixtures and fittings needed to continue running a restaurant plus stock at valuation.
The property occupies an enviable trading position on Sandown High Street, being a virtual stones throw from the esplanade and beach and given its locality we feel there is scope to substantially expand the business with longer opening hours throughout the year.
The owners accommodation is very well appointed and has been upgraded over the years and there are some superb sea views towards the English Channel from the sitting room and main bedroom. Off the kitchen, at first floor level there is an enclosed roof terrace.
For bona fide applicants we would recommend an internal viewing to fully appreciate the current business, potential and excellent owners accommodation. It comprises:

Ground Floor

Glazed front door with windows either side leading to:

Restaurant Area (9.12m x 4.42m max (29'11 x 14'6 max))

Currently set up to accommodate 36 covers with laminate flooring and archway leading to:

Bar Area (2.87mx 3.10m (9'5x 10'2 ))

With bar area with multiple shelving and door off to:

Lobby

Leading to:

Separate Wc

With additional room with wash-hand basin.

Preparation Area (3.00m x 2.11m (9'10 x 6'11))

With stainless steel half drainer sink unit with mixer tap inset in laminate work tops. Commercial dishwasher, further worktop area with drinks fridge, freezer and refrigerator, two microwaves, larder cupboard. Door leading to:

Kitchen (4.80m x 2.90m (15'9 x 9'6))

With stainless steel sink unit, hand wash corner sink, stainless steel worktop units with shelving under, various kitchen equipment including, microwaves, refrigerator, freezer, deep fat fryer, etc. Door off to:

Lobby/Store Area (7.47m x 1.40m (24'6 x 4'7))

With stainless steel double drainer sink unit, freezer, refrigerator and door off to: Store cupboard.

Doors From Bar Area And Main Restaurant

Inner Lobby

With stairs leading to:

First Floor & Landing/Owners Accommodation

Kitchen (2.97m x 3.38m (9'9 x 11'1))

Refitted and comprising, stainless steel sink unit with mixer tap inset in white laminate worktops with range of grey gloss effect drawers and cupboards under and wall cabinets over. Further matching worktops with four burner gas hob, electric oven under and extractor unit over. Tiled splashbacks integrated fridge and freezer. Main EcoElite gas fired boiler supplying part heating and domestic hot water. Step up to double glazed doors leading to enclosed roof terrace with timber deck flooring, measuring approx 13' x 10' plus recess area.

Shower Room

With quadrant shower cubicle with Triton electric shower. White suite comprising, wash basin with mixer tap and low level WC. Ceramic tiled flooring and radiator.
Walk in cupboard with plumbing for washing machine.

Bedroom Three (4.22m x 2.77m (13'10 x 9'1))

Sitting Room (5.46m into bay x 4.45m (17'11 into bay x 14'7))

With feature bay window with some super sea views towards the English Channel. Feature fireplace with log effect fir with glass front and thermostatic control.

Stairs Leading To Second Floor & Landing

With ceiling hatch to roof space with retractable ladder.

Bedroom One (5.46m into bay x 4.47m into fitted wardrobes (17')

With feature bay window with fantastic sea views toward the English Channel. Range of fitted furniture comprising, wardrobes, cupboards and chest of drawers.

Bedroom Two (4.24m x 2.72m (13'11 x 8'11))

With laminate flooring.

Bathroom

With white suite comprising, modern freestanding bath with external mixer tap and shower attachment, vanity wash-basin with mixer tap and low level WC. Chrome radiator. Quadrant shower cubicle with power shower and rainfall shower attachment.

Outside

As previously mentioned there is an enclosed terraced area accessed via the first floor kitchen.

Services

All mains are avialble.

Tenure

Freehold (To be confirmed)

Council Tax/Business Rates To Be Confirmed

Council Tax Band B (Can be confirmed on the government website)
Uniform Business Rate: Current rateable value (1 April 2023 to present)
£5,200

Floor plans and tours

Floor plans (3)

Floor plan 1
Floor plan 2

More information

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