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£300,000

High Street, Shanklin, Isle Of Wight, PO37

  • 2 beds
Other

£300,000

  • 2 beds
Other
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Estimate monthly mortgage payment:

£1,370 per month

Minimum deposit amount:

£15,000
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Located in the heart of the picturesque Old Village of Shanklin, a fabulous opportunity is on offer here to take over the ownership and running of a 44-cover restaurant.

Shanklin Old Village is a tourist attraction in its own right with a wealth of thatched properties, a range of individual retail outlets and the historic Chine which leads down to the beach. The restaurant has been trading for many years, the last 7 being under the same ownership and the attractive frontage of the restaurant is distinctive, due to the large stained-glass window based on arguably the most famous Italian opera singer, Pavarotti himself!

In previous years the restaurant was laid out over two floors with an additional 30 covers created on the first floor, however now the owners use the first and second floor as their own accommodation, with a large, spacious sitting room, private kitchen, two double bedrooms and a bathroom.

The restaurant has a large bar area to one side and has a partially open kitchen space, visible from the restaurant, with an additional still and storage room beyond. Public cloakrooms are located on the first floor, separated from the apartment.

Adjacent to this three storey freehold property, is a large public car park, popular with customers and easy access to both the main town of Shanklin, the beach and the Big Mead is within walking distance, ensuring your passing trade is immense.

What the Owner says:


We have enjoyed our time running this popular restaurant with returning tourists and locals a like. Due to retirement, it is now time to pass the reigns to new custodians and to either pick up on the trade of our established business or create something new in this busy part of town.

Room sizes:

  • Restaurant: 32'4 x 16'7 (9.86m x 5.06m)
  • Catering Kitchen: 14'5 x 11'5 (4.40m x 3.48m)
  • Lobby
  • Still Room: 16'9 x 10'5 (5.11m x 3.18m)
  • Customer Landing
  • Ladies Toilet
  • Gents Toilet
  • Private Landing
  • Lounge: 16'6 x 14'2 (5.03m x 4.32m)
  • Kitchen: 10'10 x 10'9 (3.30m x 3.28m)
  • Bathroom
  • Bedroom 1: 16'5 x 11'9 (5.01m x 3.58m)
  • Bedroom 2: 12'9 x 10'10 (3.89m x 3.30m)

 
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
 
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Fine & Country, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Council Tax band: A
Tenure: Freehold

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Your estimated purchase costs

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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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