From
£35,000 pa
(£2,917 pcm)
Restaurant to letSt Thomas Square, Newport, Isle Of Wight PO30
About this property
Restaurant premises located in the centre of Newport in St Thomas Square, catering for circa 60 covers inside
Benefitting from outside seating for a further approximately 60 covers
Fully equipped for a turnkey operation
Available to rent at £35,000pa with a £25,000 ingoing premium, or to rent at £45,000pa with no ingoing premium
Location
Located in St Thomas Square in the heart of Newport, the Island's County Town and supported by many other eateries, bars, take-aways and specialist retailers. Newport is the Island's county town and undoubted commercial centre. The immediate population is around 25,000 with a catchment of around 60,000 when operating as the comparison shopping centre for the entire Island population of around 140,000. Continued investment in the town, most recently from Mountain Warehouse, ensures its importance as a retail and leisure centre.
Description
Restaurant and Bar well known and highly regarded with a reputation for providing good quality Italian cuisine in a relaxed atmosphere. The restaurant currently operates with 60 covers inside and has a Licence for a further 60 covers outside. The premises present in very good condition with contemporary décor and fixtures. There is a fully equipped commercial kitchen which has a full extraction system in place.
Terms
Available by way of a sub-let, with either £25,000 ingoing premium and a rent of £35,000 per annum or £zero ingoing premium and a rent of £45,000 per annum.
Uniform Business Rate
Rateable Value: £23,000
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, as the staff will be unable to assist with enquiries
Located in St Thomas Square in the heart of Newport, the Island's County Town and supported by many other eateries, bars, take-aways and specialist retailers. Newport is the Island's county town and undoubted commercial centre. The immediate population is around 25,000 with a catchment of around 60,000 when operating as the comparison shopping centre for the entire Island population of around 140,000. Continued investment in the town, most recently from Mountain Warehouse, ensures its importance as a retail and leisure centre.
Description
Restaurant and Bar well known and highly regarded with a reputation for providing good quality Italian cuisine in a relaxed atmosphere. The restaurant currently operates with 60 covers inside and has a Licence for a further 60 covers outside. The premises present in very good condition with contemporary décor and fixtures. There is a fully equipped commercial kitchen which has a full extraction system in place.
Terms
Available by way of a sub-let, with either £25,000 ingoing premium and a rent of £35,000 per annum or £zero ingoing premium and a rent of £45,000 per annum.
Uniform Business Rate
Rateable Value: £23,000
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, as the staff will be unable to assist with enquiries
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