Restaurant/cafe for sale in High Street, Newport PO30
£39,950 (£3,711.48/sq. ft)
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Situated to the top of Newport High Street in a busy trading area. Neighbouring businesses include The Spectacle Maker, Castlehold Baptist Church and Day Lewis Pharmacy.
Newport is the principle town of the Island and offers amenities including St Marys Hospital, various primary and secondary schools, doctors & surgeries, churches, cinema and the Isle of Wight County Hall. The 2011 Census shows a population of circa 25,500.
Offered for sale is Phils Diner, a very well-known trading business. The premises is held on a lease at an annual rent of £15,708. The landlord has advised he will grant a new lease to a successful applicant subject to references.
The property offers 117 sq m (1259 sq ft) overall. There is a fully equipped commercial kitchen, the diner offering approximately 50 covers, WCs and stockroom.
The premises benefit from access from the High Street and Pyle Street.
The property benefits from mains electric, water and drainage.
Our client is asking £39,950 for the business to include fixtures, fittings, goodwill + sav.
The voa shows a rateable value of £13,000. Using the current ubr the rates payable will be circa £6552, this doesn't include any applicable small business rates relief.
All viewings to be arranged via hrd Commercial. Please contact .
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hose Rhodes Dickson Commercial, and do not constitute property particulars. Please contact Hose Rhodes Dickson Commercial 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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