Key features
- High quality hotel rooms in prominent, listed building, set in St Thomas Square in the centre of the Island's county town
- Building arranged over 3 floors, with the ground floor running to c. 110m² (1,194ft²), with the 2 upper floors running to approx. 144m² (1,548ft²)
- Well-finished restaurant and professional kitchen for circa 40 covers plus the potential for outside seating
- Assignment of current lease, with the current passing rent being £37,500 per annum, plus £POA for the business, fixtures & fittings
LOCATION
Charter House is located in St Thomas Square, adjacent to St Thomas Church and supported by many eateries and specialist retail units. Newport is the Island's undoubted commercial centre with an immediate population of around 25,000 and an adjusted catchment of circa 60,000 when Newport operates as the comparison shopping centre for the entire Island population of around 130,000. Continued investment in the town from Boots, Clinton Cards, The Card Factory, Costa Coffee, The Works, Bet Fred and J D Wetherspoon ensures its importance as a retail and leisure centre.
DESCRIPTION
Letting rooms on the 1st & 2nd floors
Upper Floors
The two upper floors have been lavishly converted to create six up-market letting rooms, all benefitting from en-suite bathrooms and fittings as follows:- LED light fittings in all public areas, card entry door system to bedrooms, energy saving system for room lights, under-floor heating in bathrooms, mega flow water system per floor of 3 rooms, individual heating/air con units in all rooms. Further information available on the website: www.charterguesthouse.com
TERMS
Business, fixtures and fittings offered for sale, £POA, along with the assignment of the leas held on the property. We understand that the current passing rent £37,500 per annum. Ground floor restaurant also available on a separate lease.
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 01983 301 434.
E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com
UNIFORM BUSINESS RATE
Rateable Value: £6,100 – Guest House
2022/2023: £0.512p 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 01983 821000.
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