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Prominent Restaurant Premises With Three Bed Flat In Ventnor For Sale

Ventnor, Isle of Wight, UK
Freehold Price:
£330,000 Furniture / Fixtures included
Leasehold:
£35,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Profitable and prominent restaurant in the heart of Ventnor Isle of Wight
The property also benefits from a 3 Bedroom Flat over with a courtyard area to the rear
The restaurant is able to cater for up to 40 covers with the ground floor running to a total of 70.3 square metres (756 square feet)
For Sale at offers "in the region of" £330,000 for the freehold interest of the whole property
or at £35,000 for the business, fixtures and fittings plus £22,000 per annum to Lease

Property Information

Property:

Available as freehold and leasehold

Leasehold Rent:

£22,000 per annum

Living Accommodation:

The flat is spacious and well presented providing 3 bedrooms with its own courtyard garden plus a separate entrance to the side of the building from the High Street.

Location:

The property sits in the heart of Ventnor, occupying a raised and highly visible position in the centre of this increasingly popular town renowned for its restaurants, food, arts and live music offer. Ventnor benefits from a famed micro-climate, being on the south facing slope of St Boniface Down and is almost totally sheltered from the north. The town’s architecture is predominantly Victorian and considerable investment in the town includes a Tesco Express in the High Street. Ventnor has seen much development and investment in recent years, following the creation of a small harbour on its picturesque Esplanade. The immediate population of around 6,000 residents is substantially boosted during the ever extending summer season and attracts both visitors and locals from across the Island wishing to enjoy this unique location.

Premises Details:

The first floor has been recently redecorated on the outside and the courtyard area extended to provide more outside space.

Business Operation

Reasons for selling:

For personal reasons our clients need to move back to the mainland

Years established:
2

Other Information

Leasehold asking price:
£35,000 - Furniture / Fixtures included

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