High quality hotel rooms in prominent, listed building, set in St Thomas Square in the centre of the Island's county town. Well-finished restaurant and professional kitchen for circa 40 covers plus the potential for outside seating
- Asking Price:
- On request
- Turnover:
- Available on request
- Net Profit:
- Available on request
Property Information
- Property:
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Leasehold
- Lease Terms:
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Assignment of the existing lease, with the Ground Floor restaurant rent being £27,000 per annum, and the Upper Floor rent being £37,500 per annum
- Leasehold Rent:
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£64,500 per annum
- Location:
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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.
- Premises Details:
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Building which was completely re-fitted 7 years ago to create a fully licensed ground floor restaurant/bar, and letting rooms on the 1st & 2nd floors over.
Lower Floors (Ground and Basement)
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.Upper Floors
The two upper floors have been lavishly converted to create six up-market letting rooms, all benefitting from en-suite bathrooms and fittings as follows:- LED light fittings in all public areas, card entry door system to bedrooms, energy saving system for room lights, under-floor heating in bathrooms, mega flow water system per floor of 3 rooms, individual heating/air con units in all rooms. Further information available on the website.
Business Operation
- Trading hours:
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Hotel open all the time. Restaurant not currently operating
