Retail premises for sale in Southsea, Hampshire PO5

£180,000
Retail premises for sale
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Property features

  • Well established traditional fish and chip shop and closed cafe.
  • Owner run / town centre location close to the sea front and Pier
  • Two separate businesses operating from adjacent properties
  • Presented in good condition / Viewing recommended

Property description

Reference - 48212

Description
The Chippy is a well established traditional fish and chip shop and separate closed café located in the popular seaside town of Southsea, which is approx. 8 miles south of Portsmouth on the Hampshire coast.

The business is situated close to the main high street which has a mix of independent and national retailers and is approx. 0.2 miles from Southsea Pier on the sea front. Portsmouth and Southsea mainline train station is within easy reach. A direct train links London Waterloo making the destination popular with tourists to the area during the summer.

The business has been run under the current ownership since 2001 although it has been in the same family since the mid 1990’s. During this time it has built up an excellent reputation for providing high quality food for both the take away service and those choosing to eat in. Whilst two separate businesses, the fish and chip shop is adjacent to the café and operates with an open plan system allowing customers to eat in the café side having purchased food from the chip shop.

We have been advised that the café is no longer trading and the income is currently generated from fish and chip sales and the take away aspect of the business although it does benefit from a 49 cover café restaurant which is in good order with traditional tables and chairs which offer flexible seating arrangement.

Accounts
Accounts can be made available on request

Trading Hours Cafe
No longer trading;
Tuesday to Saturday 07:30 – 14:30
Sunday 08:00 – 14:30
Closed Monday

Trading Hours Fish and Chips Shop
Monday to Saturday 11:30 – 22:00
Sunday 12:00 – 21:00 (Easter to October)

Staff
The business is run by the owner along with part and full time staff.

Building External
Spacious, double fronted single storey shop premises with roller shutters and excellent road side signage.

The main high street and side roads offer ample on road car parking making it ideal for not only regular trade but also those passing by.

Building Internal Cafe
Light and airy seating area which is presented to a good standard throughout given the refurbishment in recent years under the current ownership. The café provides a welcoming feel when entering from the street.
Single till serving area
Tiled floor
Approx. 49 covers providing flexible seating arrangements
Customer toilets with nappy change facilities

Building External Fish and Chips Shop
Light and airy customer area which provides a welcoming feel when entering from the street
Single till serving area
Tiled floor and walls
Three pan range

Anciallary Areas
Potato store with chipper and peeler
Office
Staff room
Store area with access to rear car parking
Fish sink and stainless prep area
Commercial refrigeration

Residential Accommodation
There is no accommodation for owners or staff.

Tenure
We are advised that the property is held on a 15 year lease which commenced in 2015. The annual rent is £15,600 exclusive with zero rates (correct as advised on 09.02.21). Rent reviews are at 5 yearly intervals.

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

Summary
An ideal opportunity for an energetic and hands on owner to acquire this well used traditional fish and chip shop and closed cafe situated in a popular Hampshire coastal location who can take both businesses on to the next level and to build upon the already excellent reputation gained under the current ownership.

A viewing is highly recommended to fully appreciate the coastal location and business opportunity.

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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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Disclaimer

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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