Restaurant/cafe to let in St Thomas Square, Newport, Isle Of Wight PO30

£27,000 pa (£519 pw)
Interested in this property? Call +44 1983 507984 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Restaurant/cafe to let

Property features

  • Well-finished restaurant and professional kitchen for circa 40 covers plus the potential for outside seating
  • Building arranged over 3 floors, with the ground floor running to c. 110m2 (1,194ft2), with the 2 upper floors running to approx. 144m2 (1,548ft2)
  • Assignment of current lease, with the current passing rent being £27,000 per annum, plus £poa for the business, fixtures & fittings

Property description

Location



Charter House is located in St Thomas Square, adjacent to St Thomas Church and supported by many eateries and specialist retail units. Newport is the Island's undoubted commercial centre with an immediate population of around 25,000 and an adjusted catchment of circa 60,000 when Newport operates as the comparison shopping centre for the entire Island population of around 130,000. Continued investment in the town from Boots, Clinton Cards, The Card Factory, Costa Coffee, The Works, Bet Fred and J D Wetherspoon ensures its importance as a retail and leisure centre.

Description



The restaurant/bar area runs to circa 81.8m2 (880 ft2) with the total ground floor area running to approximately 110 m2 (1,194 ft2). The property is fitted throughout to a very high standard and includes Graphic eye light control panels, wiring for internal stereo system, walk-in cold room (kitchen), dedicated beer cellar (g/floor), dedicated boiler (g/floor), air-con/heating unit, cat 5 wiring throughout, intruder alarm (reception & restaurant), broadband (g/floor), sensor flush urinals gents WC (basement), pir sensor light fittings to WCs. There is an existing permit for outdoor furniture. Please see floor plan for further detail of layout.

Terms



Business, fixtures and fittings offered for sale, £poa, along with the assignment of the lease held on the property. We understand that the current passing rent £27,000 per annum. Letting rooms on the upper floors also available on a separate lease. Please contact us for further information

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

Uniform Business Rate



Rateable Value: £18,500 – Restaurant

2022/2023: £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 .

Property info

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For more information about this property, please contact
Gully Howard, PO38 on +44 1983 507984 * (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 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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