A picturesque and well known property being well located in Shanklin Old Village that is one of the prime tourist attractions on the Isle of Wight. We believe The Cottage dates back to 1750 and was originally a Farmhouse that has been run as a successful Tearoom Restaurant for many years. The property still retains much of its original charm and character and incorporates a 3 Bedroom Owners accommodation on the first floor. The commercial aspect of the property can cater for approximately for 88 covers (44 inside and 44 outside) and is being offered on a vacant possession basis and it should be noted that it was most recently let at a figure of £1,600 per calendar month (with an ingoing premium of £25,000 for 3 years).
The premises are located at the front of the property and the whole building is extremely visible as it is located on the main route around the Island and nearby there is a large public car park being an approximate 100 yards from the entrance.
The business is to be sold as a lock up to include furniture, fixtures, fittings and equipment, apart from the owner's personal effects. The accommodation is warmed by gas fired central heating.
- Asking Price:
- £399,950
- Turnover:
- On request
- Net Profit:
- On request
Property Information
- Property:
-
Freehold
- Location:
-
Prime High Street Location
