Pub/bar for sale in Atherley Road, Shanklin, Isle Of Wight PO37, £359,000

359,000.00

Offer Nr.:
66455603
Type of ad:
for Sale
Property type:
Pub/bar
Contact name:
Gully Howard
Phone(s):
01983 507984

* Freehold
* Located amongst other fast food outlets and close to many Hotels, Self - Catering Apartments and the Beach
* Well established business, with separately accessed accommodation over
* Presents like new due to Ground Floor total refit after fire approximately 2 years ago
* For sale, with offers invited “in the region of” £359, 000 for the freehold of the building, goodwill, fixtures and fitting plus s. a. v.
**Location**
Aj's Takeaway enjoys an excellent location for the trade, being on Atherley
Road amongst many other eateries such as Dragon Pearl and Mr t's. It is also
close to the junction with Hope Road, leading to Shanklin's highly popular
sandy beaches and the Esplanade with its many tourist attractions. It sits
amongst a cluster of hotels, guest houses and holiday apartments and being
adjacent to other popular take - away outlets, the business is well placed to
capture trade from the surrounding residential estates and holiday makers
alike. There is a Council Car Park virtually opposite facilitating easy
parking for customers. Shanklin is the Island's major town on the south coast
and serves as a day - to - day needs centre, particularly for the Sandown,
Shanklin and Lake. The sandy beaches and leisure facilities within this area
ensures high numbers of visitors and tourists, and boosts the local population
of around 19, 500.
**Description**
The property has a new glazed frontage to Atherley Road of around 4. 1 metres
and servery/waiting area of approximately 20m2 (215 ft2). There is also a
customer seating area and the whole area presents as new due to the recent
fit - out following a fire several years ago. In addition there are 2
preparation and wash - up areas to the rear of the premises, together with an
office and WC facility. The property also benefits from a side access and a
parking space for one vehicle. Please see floor plan for further details.
**Residential Accommodation**
Able to be accessed internally and separately accessed externally, stairs give
access to the first floor accommodation which comprises bedroom, lounge,
domestic kitchen and bathroom.
**The Business**
Aj’s Takeaway has long existed as a traditional Fish and Chip Shop Takeaway
and the current owners have invested significantly in the premises and
business to create what is now a highly popular, profitable business. The
opening hours are currently 5 - 8pm Monday to Thursday, and 4. 30 to 8. 30pm
Friday and Saturday. In our opinion it offers an opportunity to new
owners/operators to "live in" or to rent the flat out, producing additional
income. The flat has previously been rented at £460 per calendar month. I. e.
£5, 400 per annum some time ago. Rents have increased since then so it may be
able to rent it for more in the current environment.
**Terms**
For sale, with offers invited “in the region of” £359, 000 for the Freehold,
Goodwill, Fixtures and Fittings plus stock at valuation.
**Uniform Business Rate**
Rateable Value: £2, 450
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
**Council Tax**
The flat is within Band A for Council Tax.
**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

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