Restaurant/cafe for sale in Sandown Road, Lake, Isle Of Wight PO36
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Long established and profitable Fish and Chip shop in a prominent location
- The Fish and Chip shop is supported by a very well presented 3-bedroom family home with substantial garden
- Shop runs to a total of approximately 41.5m2 (446ft2) and benefits from customer parking to the front
- Offers are invited in the region of £375,000 for the Freehold interest of the house, shop, business, goodwill, fixtures and fittings
Property description
Location
Located in the centre of Lake, making the shop highly visible to passing traffic and is supported by many other takeaway and eateries trading in a different style which brings high footfall to this area. The property is on Sandown Road, which is a main road linking the Sandown-Shanklin-Lake conurbation with the large town of Ryde to the north with its easy travel links to the mainland. Links by railway to Ryde, Brading, Sandown and Shanklin are also available, with Lake station within easy walking distance from the premises.
Description
Fish and Chip shop running to approximately 41.5m2 (446ft2) including a well maintained and serviced Price Iveson 3-pan range, and a customer waiting area to the front of this. The shop is supported by a very well presented, generous, 3-bedroom family home arranged over 2 floors and benefitting from a substantial garden with further outbuildings to the rear. Please see floor plan for further details.
The Business
The business has traded for many years and is a very profitable one. The business has been family-run for many years but due to various circumstances is now temporarily closed. Full accounts and itinerary are available to bona fide applicants following a viewing of the premises.
Terms
Offers are invited “in the region of” £375,000 for the business, goodwill, fixtures and fittings, plus the freehold interest of the premises including the Fish & Chip shop as well as the family home.
Uniform Business Rate
Rateable Value: £3,250
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
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
Property info
For more information about this property, please contact
Gully Howard, PO38 on +44 1983 507984 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gully Howard, and do not constitute property particulars. Please contact Gully Howard 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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Gully Howard
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Suite 11, Salisbury Gardens, Dudley Road, Ventnor, PO38 1EJ