Property photos
Retirement
Freehold
Offers in region of
£300,000
Property for sale
High Street, Shanklin PO37Local area information
Property location
Nearby amenities
- St Blasius Shanklin CofE Primary Academy 0.3 miles
- Shanklin 0.6 miles
- Gatten and Lake Primary School 0.9 miles
- Lake 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Long Established Business
- 2 Bed Owner Accommodation
- Old Village Location
- Popular Restaurant
- Outside Area
- Fixtures, Fittings and Goodwill Inc.
An opportunity to acquire a trading restaurant with 2 storey accommodation above which is well located in the tourist hot spot of Shanklin Old Village, which in turn offers easy access to the High Street area of the town and the Big Meade recreation area. There is also a public car park being approximately 100 yards from the restaurant. The same family have been trading from the premises for approximately 7 years and have 44 covers to the ground floor. We further understand that historically there were an approximate further 30 covers to the first floor which in more recent times has been used as part of the private accommodation. The business and property is now offered for sale due to our clients retirement plans.
The premises comprises of an older style three storey building which is currently arranged as restaurant and kitchen to the ground floor with residential accommodation on the first and second floors all of which were approached via the main door. The accommodation is warmed by gas central heating.
To fully appreciate this rare opportunity we would recommend an early inspection. It comprises:
Ground Floor
Restaurant Area (5.05m x 9.60m (16'7 x 31'6))
With feature glazed panel bow window. 44 covers and bar area. Opening to:
Kitchen Area (3.76m x approx 3.96m (12'4 x approx 13'))
Being fully equipped with stainless steel kitchen equipment. Door to:
Lobby Area
Leading to:
Store Area (4.93m x 3.25m (16'2 x 10'8))
Stairs From Restaurant To First Floor Lobby
Ladies & Gents Customer Toilets
Private Accommodation Comprises:
Entrance Lobby
Lounge (5.05m x 4.27m (16'7 x 14'))
Kitchen (3.33m x 2.44m extending to 3.30m (10'11 x 8' exten)
Stairs To Second Floor & Landing
Bedroom One (5.00m x 2.54m extending to 3.66m (16'5 x 8'4 exten)
With wardrobe areas.
Bedroom Two (3.89m x 3.30m (12'9 x 10'10))
Plus wardrobe area.
Bathroom/Wc
Outside
There is a small parcel of land to the rear.
Services
All mains are available.
Tenure
Freehold (To be confirmed)
Council Tax & Business Rates
Current rateable value (1 April 2023 to present)
£6,300
This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.
Epc
Band C
Price To Include:
Restaurant fixtures and fittings and goodwill. Inventory will be supplied at the point of sale.
Nb: Our client would also consider leasing the restaurant & accommodation on a 15 year lease @ £15,000 pa (starting rent, subject to fixed reviews)
The premises comprises of an older style three storey building which is currently arranged as restaurant and kitchen to the ground floor with residential accommodation on the first and second floors all of which were approached via the main door. The accommodation is warmed by gas central heating.
To fully appreciate this rare opportunity we would recommend an early inspection. It comprises:
Ground Floor
Restaurant Area (5.05m x 9.60m (16'7 x 31'6))
With feature glazed panel bow window. 44 covers and bar area. Opening to:
Kitchen Area (3.76m x approx 3.96m (12'4 x approx 13'))
Being fully equipped with stainless steel kitchen equipment. Door to:
Lobby Area
Leading to:
Store Area (4.93m x 3.25m (16'2 x 10'8))
Stairs From Restaurant To First Floor Lobby
Ladies & Gents Customer Toilets
Private Accommodation Comprises:
Entrance Lobby
Lounge (5.05m x 4.27m (16'7 x 14'))
Kitchen (3.33m x 2.44m extending to 3.30m (10'11 x 8' exten)
Stairs To Second Floor & Landing
Bedroom One (5.00m x 2.54m extending to 3.66m (16'5 x 8'4 exten)
With wardrobe areas.
Bedroom Two (3.89m x 3.30m (12'9 x 10'10))
Plus wardrobe area.
Bathroom/Wc
Outside
There is a small parcel of land to the rear.
Services
All mains are available.
Tenure
Freehold (To be confirmed)
Council Tax & Business Rates
Current rateable value (1 April 2023 to present)
£6,300
This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.
Epc
Band C
Price To Include:
Restaurant fixtures and fittings and goodwill. Inventory will be supplied at the point of sale.
Nb: Our client would also consider leasing the restaurant & accommodation on a 15 year lease @ £15,000 pa (starting rent, subject to fixed reviews)
Floor plans and tours
Floor plans (1)
More information
Listed by
Arthur Wheeler Estate Agents
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