Restaurant/cafe for sale in High Street, Sandown, Isle Of Wight PO36

Location

Located in the centre of Sandown High Street, adjacent to Sainsbury’s Local, putting it in one of this highest footfall areas of Sandown. The premises is in close proximity to steps leading down to Sandown esplanade, and its extensive expanse of golden beaches. The property is also supported by many specialist retailers and eateries that Sandown has to offer. Sandown forms part of the Sandown-Shanklin-Lake conurbation which wrap around Sandown Bay 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. Sandown’s seafront is a magnet to tourists and locals alike, flocking to the area to enjoy the many facilities and amenities on offer. Besides its famous sandy beaches Sandown is home to The Isle of Wight Zoo, Dinosaur Isle, Sandham Gardens Activity Park plus Sandown Pier with its many rides and attractions.

Description

Freehold of premises arranged over 3 floors; Basement, Ground & First. The basement, and upper floors have been sold off on long leases, each with a 1/3 repair obligation to the building. It should be noted that the building has been well looked after by the current owners, with all the lead-work on the roof being renewed approximately 5 years ago with the roof tiles etc. Having been replaced in 1995. The East elevation has been extensively rebuild with over 500 new bricks, stainless steel wall ties and has been repointed. It must be noted that some of the timberwork on the shop front is in need of some repair, but that has been allowed for in the asking price. The Ground Floor premises run to approximately 76.7m2 (825ft2) including kitchen, prep area, and toilet. Please see floor plan for further details.

The Business

Currently traded as a successful café business with a take-away ice cream counter. There is some highly specialised, bespoke, ice cream manufacturing equipment which is part of the sale with the potential to gain significant income by commercially manufacturing the ice cream for sale and distributing to other operators on the Isle of Wight. The Café is very successful and has a lot of local trade, operating for 12 months of the year, boosted in the summer by the influx of holiday-makers. The Café currently opens between 9.30am and 3pm 5 days per week, thus the opportunity to open the business in the evenings is there for the taking. It is estimated that all of the equipment coming with the property new, would be in the region of £50,000-£60,000. It should be noted that the premises is licenced, but again this has not been utilised to full effect by the current owners. The business would suit an owner-operator. Full itinerary of equipment available to bona fide applicants.

Terms

Offers are invited in the region of £150,000 for the Ground Floor shop, freehold of the building, all the equipment, goodwill, fixtures and fixtures

Uniform Business Rate

Rateable Value: £8,700

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