£14,000 pa
(£1,167 pcm)
Restaurant to letRegent Street, Shanklin, Isle Of Wight PO37
About this property
Rare opportunity to rent the Ground Floor take away restaurant & Basement
Very prominent restaurant on the junction of Regent Street and Shanklin High Street
Shop and basement run to a total of c. 76.9m2 (827ft2)
New lease at £14,000 per annum for the ground floor and basement, plus offers in the region of £57,500 for the equipment, fixtures & fittings
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
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). Please see floor plan for further detail.
Terms
Offered by way of a new lease at £14,000 per annum for the ground floor and basement, with offers invited in the region of £57,500 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
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Dot Lucy on . E: Or
under no circumstances should any direct approach be made to the property as they will be unable to assist with enquiries
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
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). Please see floor plan for further detail.
Terms
Offered by way of a new lease at £14,000 per annum for the ground floor and basement, with offers invited in the region of £57,500 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
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Dot Lucy on . E: Or
under no circumstances should any direct approach be made to the property as they will be unable to assist with enquiries
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