* Freehold
* Well placed in the centre of Shanklin High Street with on - street parking adjacent and supported by other eateries and restaurants
* Freehold of the premises available with the upper parts being sold off on a long leasehold
* Premises held on the residue of a 10 year lease from 2020 at a current passing rent of £7, 200 per annum
* For Sale with offers invited "in the region of" £80, 000 for the Freehold of the building
**Location**
The premises are well located in Shanklin High Street with free on - street
parking opposite and supported by other restaurants and eateries. 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 conurbation. The
sandy beaches and leisure offer of the area ensure high numbers of visitors
and tourists, boosting the local population of around 19, 500.
**Description**
Bar & Grill running to approximately 51. 5m2 (554 ft2) in total with the main
area running to approximately 27 m2 (290 ft2) and currently laid to cater for
28 covers. This area is supported by a small counter/servery/bar area with
customer toilets, wash - up and preparation area leading through to the
commercial kitchen and a further wash and preparation area to the rear of
that. There is also a yard off to the side of the unit for bin storage
etcetera. Please see floor plan for further details. We are informed that the
tenants have now gained an alcohol licence.
**The Lease**
The Café is held on the residue of a of a 10 year fr&I lease from 2020, at a
current passing rent of £7, 200 per annum. The Flat over has been sold off on a
long leasehold. The long leasehold dates from 06 April 1848 on the remainder
of a 999 year lease term Ground Rent is £10 per annum.
**Terms**
For Sale with offers invited "in the region of" £80, 000 for the Freehold
interest of the building. Copies of the long leasehold for the flat and the
lease for the shop are available to bona fide applicants upon request from the
agents.
**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: £4, 900
2021/2022: £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 .

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