Property photos
£9,750 pa
£813 pcm
Restaurant to let
High Street, Shanklin, Isle Of Wight PO37Local area information
Property location
Nearby amenities
- St Blasius Shanklin CofE Primary Academy 0.1 miles
- Shanklin 0.4 miles
- Gatten and Lake Primary School 0.7 miles
- Lake 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Established Pizza Restaurant in the centre of Shanklin High Street
- Fully set-up with equipment including a Pizza Oven costing over £10,000 new
- Restaurant currently caters for 28 covers plus take-away business running to circa 70.6m2 (759ft2) in total
- Available to rent at £9,750 per annum. Ingoing premium of £7,500. Sale of the premises may be considered, by separate negotiation
Location
Located in the centre of Shanklin High Street adjacent to the recently created parking/square area which seems to have created a small hub in this part of the High Street now and is supported by many specialist retailers and eateries. It is also opposite the council owned long stay car park in Orchardleigh Road. Shanklin forms part of the Sandown-Lake-Shanklin conurbation with the sandy beaches and leisure offer of the area ensuring high numbers of visitors and tourists, boosting the local population of around 19,500.
Description
Prominent unit benefitting from a frontage of 10.7 metres (35 feet) to Shanklin's busy High Street and currently laid to cater for around 28 covers, which could be increased slightly, plus take-away /delivery business which has room for expansion. Please see floor plan overleaf for further detail. We understand that the premises benefits from being licensed for sale of alcohol. The mainstay of the business is the sale of Pizzas which are cooked in a traditional Pizza Oven, which when new, cost well in excess of £10,000 (including installation). This is supported by other catering equipment which provide other dishes including Pasta for the restaurant.
Terms
New lease offered at £9,750 per annum, with an ingoing premium of £7,500 for the benefit of the use of all the equipment. Our client may consider a sale of the premises by separate negotiation.
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on .
E: Or
Uniform Business Rate
Rateable Value: £8,200
2023/2024: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on .
Located in the centre of Shanklin High Street adjacent to the recently created parking/square area which seems to have created a small hub in this part of the High Street now and is supported by many specialist retailers and eateries. It is also opposite the council owned long stay car park in Orchardleigh Road. Shanklin forms part of the Sandown-Lake-Shanklin conurbation with the sandy beaches and leisure offer of the area ensuring high numbers of visitors and tourists, boosting the local population of around 19,500.
Description
Prominent unit benefitting from a frontage of 10.7 metres (35 feet) to Shanklin's busy High Street and currently laid to cater for around 28 covers, which could be increased slightly, plus take-away /delivery business which has room for expansion. Please see floor plan overleaf for further detail. We understand that the premises benefits from being licensed for sale of alcohol. The mainstay of the business is the sale of Pizzas which are cooked in a traditional Pizza Oven, which when new, cost well in excess of £10,000 (including installation). This is supported by other catering equipment which provide other dishes including Pasta for the restaurant.
Terms
New lease offered at £9,750 per annum, with an ingoing premium of £7,500 for the benefit of the use of all the equipment. Our client may consider a sale of the premises by separate negotiation.
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on .
E: Or
Uniform Business Rate
Rateable Value: £8,200
2023/2024: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on .
Floor plans and tours
Floor plans (1)
More information
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