* Established Pizza Restaurant in the centre of Shanklin High Street
* Fully set - up with equipment including a Pizza Oven costing over £10, 000 new
* Restaurant currently caters for 28 covers plus take - away business running to circa 70. 6m2 (759ft2) in total
* Available to rent at £9, 750 per annum. Ingoing premium of £7, 500. Sale of the premises may be considered, by separate negotiation
**Location**
Located in the centre of Shanklin High Street adjacent to the recently created
parking/square area which seems to have created a small hub in this part of
the High Street now and is supported by many specialist retailers and
eateries. It is also opposite the council owned long stay car park in
Orchardleigh Road. Shanklin forms part of the Sandown - Lake - Shanklin
conurbation 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.
**Description**
Prominent unit benefitting from a frontage of 10. 7 metres (35 feet) to
Shanklin's busy High Street and currently laid to cater for around 28 covers,
which could be increased slightly, plus take - away /delivery business which has
room for expansion. Please see floor plan overleaf for further detail. We
understand that the premises benefits from being licensed for sale of alcohol.
The mainstay of the business is the sale of Pizzas which are cooked in a
traditional Pizza Oven, which when new, cost well in excess of £10, 000
(including installation). This is supported by other catering equipment which
provide other dishes including Pasta for the restaurant.
**Terms**
New lease offered at £9, 750 per annum, with an ingoing premium of £7, 500 for
the benefit of the use of all the equipment. Our client may consider a sale of
the premises by separate negotiation.
**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: £8, 200
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 .

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: