Retail premises for sale in Sandown, Isle Of Wight PO36

£650,000
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Delightful fish and chip shop, take away with restaurant, two three bedroom apartments with separate entrance, large garden to rear.
  • Turnover averages 3,000 pw limited by vendor
  • Semi-rural town location
  • Ideal 1st business or development potential with additional rental income possible, viewing recommended

Property description

Reference - 45987

Description
This is a unique opportunity to acquire a town centre traditional fish and chip shop and restaurant, with a seating capacity of 32, complete with owner’s accommodation and a large garden, with possible potential to add a tea room/tea garden (subject to successful planning application) all in one package.

The business is located on the Isle of Wight at Sandown and enjoys a loyal local trade, as well as passing trade and tourists. It’s prime location ensures a high level of foot fall throughout the day and night.

The business is a traditional fish and chip shop that offers its customers a traditional range of freshly cooked fish and chips, chicken, burgers and soft drinks. Due to the restaurant there is the option to offer other types of food.

Within the take away there is potential to add tables and seating for 8 people, adding to the existing 32-seater restaurant. The vendors restricts the operating hours of the business due to their age and this could be changed by the potential owners.

The business has been established at this location for over 50 years, with the current vendor owning the business for the last 10 years. Locally there are several residential developments ongoing which will in turn bring even more trade to the area.

The property is located at 34 and 36 Avenue Road and has been totally renovated and combined into one property. The renovations are to an exceptionally high standard. The end of terrace, two storey, multi floor property is nicely presented throughout the retail areas, as well as the owners accommodation and apartment. The range is a Price Iverson 3 pan and is approximately 15 years old in excellent condition and serviced annually.

The business has a whole host of additional cooking equipment, having retained its well provisioned commercial kitchen to the rear.

Due to the restaurant, there is huge scope on offer in the business for a diversity for Chinese food or Indian takeaway, to extend the hours and days of ope

Sales
The current takeaway sales are on average £2,500 per week, the sales are increased during the summer season but this is limited by the vendors due to their age.

Accounts
The business’ full accounts will be made available to interested parties upon viewings.

Trading Hours
Tuesday - Saturday 17:00 to 20:00
Sunday and Monday Closed

Staff
The business is run by the vendors, with help from family members and up to eight part time members of staff. No staff are subscribed to the workplace pension.

Building External
The business occupies all of the ground floor of number 34 and number 36. The property is a typical 1910’s 2 storey split level terrace, which is built of traditional brick and stone and a tiled roof with partial render.

The property is situated on Avenue Road just off the main road, with a variety of local on street parking.

To the rear of the property is a large garden area and plot of land. The plot of land offers the potential for minor development of potential tea rooms or an outside dining area.

Building Internal
The trading areas comprises of 2 single shop fronts, constructed from Upvc. Officially the take away is located in number 36 and 34 is the restaurant.

Number 36
The take away entrance leads into the main serving area and a low level serving/counter area, which currently has chairs for clients awaiting their orders. The take away has fully tiled walls, with a modern and airy feel and has non-slip flooring. The 3-pan range is located behind the counter area. To the rear of the range is a preparation area all with non-slip flooring.
Beyond this, is an additional prep area and potato store with a rear door leading into the large garden area. Staff toilets are located to the rear of the shop.

Number 34
The restaurant entrance leads into the 32-seat restaurant area, tables and chairs arranged all around with plenty of space between. Off the main dining area is a full disabled toilet facility and a doorway leading to the rear access.

Food is served from the main take away via a large opening towards the rear of the dining area. To the rear of the restaurant is two additional storerooms, which (subject to planning) could be utilised to double the dining area.

A door way beyond this leads to the garden area and serves as a fire escape.

All renovation work to the ground floor is of an excellent standard.

The external rear of the property comprises of a blocked paving patio beyond this is a garden of approximately 1/3 acre and is predominantly laid to lawn with a selection of fruit trees within the grounds

Residential Accomodation
The residential accommodation is maintained separately with each apartment having its own access.

The owner’s accommodation has also been “no
expense spared” renovated and is spectacular, spacious and in excellent condition, briefly comprising; three bedrooms, the master bedroom including an en-suite, with a double shower. Two are doubles and one is a large single, currently utilised as an office. Two toilets, one in the family bathroom and one on the landing.

The dining/kitchen, which is beautifully fitted with modern cooking facilities, quality oak doors and wall and base units, formica work surfaces, and tiling with a laminated floor.

A lounge area, with a verander and patio doors large neat and practical, with feature fireplace and gas fire and is fully carpeted.

A family bathroom that is fully tiled and fitted with shower over the bath, There is also an additional apartment/sub-let accommodation available, comprising;
Its own separate entrance.

A half tiled Bathroom with bath and a separate electric shower cubicle. Fitted with halogen lighting.

A kitchen, again fitted with oak faced doors and black formica worktops. Induction hob and electric oven.

There are 3 double bedrooms.

A large lounge with bay window of substantial size. Feature fireplace with gas fire, decorative mouldings to ceiling.

A separate cloakroom.

Tenure
The shop and residential accommodation is freehold and virtual freehold with 990 years remaining.

The guide price to the two freeholds is in the range of £600,000 to £650,000 and has been determined by a local agent.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is an ideal opportunity to both developers and owners, with a whole host of options. There is plenty of potential available due to the chance to open for the in demand lunch time and Sunday trade. The business would be ideal for a first time fish and chip shop owner and diversity exists for a Chinese or Indian takeaway too.

Interest, due to the options is expected to be high, therefore, an early viewing is recommended to fully appreciate what is on offer here.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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