Restaurant/cafe to let in Regent Street, Shanklin, Isle Of Wight PO37

Location

Located in a very prominent position, as Regent Street meets Shanklin High Street with a heavy footfall and traffic in this part of the street. Regent Street benefits from free short-stay on-street parking, as well as local car parks nearby. 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 Lake conurbation, which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensure high numbers of visitors and tourists, particularly in the Summer season, boosting the local population of around 19,500. It also has a railway station which goes through to Lake, Sandown, Brading and Ryde Pier Head to link up with Wightlink’s fast passenger ferries to Portsmouth Harbour and trains onwards to London Waterloo and Gatwick.

Description

Building arranged over 4 floors, with a commercial element in the Ground Floor and Basement. The Ground Floor runs to approximately 39.7m2 (427ft2), with the basement running to 37.2m2 (400ft2) coming to a total of 76.9m2 (827ft2). This is supported by a good-sized two-bedroom flat accommodation over. Please see floor for further detail.

Terms

Offered by way of a new lease at £24,000 per annum for the whole building, with offers invited in the region of £65,000 as an ingoing premium for all the equipment, fixtures and fittings and benefit of the trading location.

Uniform Business Rate

Rateable Value: £8,500

2024/2025: 54.6p 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

Council Tax

The flat is in Council Tax band A

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

under no circumstances should any direct approach be made to the property as they will be unable to assist with enquiries