Exceptionally Well Located Fish & Chip Shop

Location

AJ's Takeaway enjoys an excellent location for the trade, being on Atherley Road amongst many other eateries such as Dragon Pearl and Mr T's. It is also close to the junction with Hope Road, leading to Shanklin's highly popular sandy beaches and the Esplanade with its many tourist attractions. It sits amongst a cluster of hotels, guest houses and holiday apartments and being adjacent to other popular take-away outlets, the business is well placed to capture trade from the surrounding residential estates and holiday makers alike. There is a Council Car Park virtually opposite facilitating easy parking for customers. 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 and Lake. The sandy beaches and leisure facilities within this area ensures high numbers of visitors and tourists, and boosts the local population of around 19,500.

Description

The property has a new glazed frontage to Atherley Road of around 4.1 metres and servery/waiting area of approximately 20m² (215 ft²). There is also a customer seating area and the whole area presents as new due to the recent fit-out following a fire several years ago. In addition there are 2 preparation and wash-up areas to the rear of the premises, together with an office and WC facility. The property also benefits from a side access and a parking space for one vehicle. Please see floor plan for further details.

Residential Accommodation

Able to be accessed internally and separately accessed externally, stairs give access to the first floor accommodation which comprises bedroom, lounge, domestic kitchen and bathroom.

The Business

AJ’s Takeaway has long existed as a traditional Fish and Chip Shop Takeaway and the current owners have invested significantly in the premises and business to create what is now a highly popular, profitable business. The opening hours are currently 5-8pm Monday to Thursday, and 4.30 to 8.30pm Friday and Saturday. In our opinion it offers an opportunity to new owners/operators to "live in" or to rent the flat out, producing additional income. The flat has previously been rented at £460 per calendar month. i.e. £5,400 per annum some time ago. Rents have increased since then so it may be able to rent it for more in the current environment.

Terms

For sale, with offers invited “in the region of” £359,000 for the Freehold, Goodwill, Fixtures and Fittings plus stock at valuation.

Uniform Business Rate

Rateable Value: £2,450

2023/2024: £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

Council Tax

The flat is within Band A for Council Tax.

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 301434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com