Established Ready Set-Up Pizza Business

LOCATION

Located in the centre of Shanklin High Street adjacent to the recently created parking/square area which seems to have created a small hub in this part of the High Street now and is supported by many specialist retailers and eateries. It is also opposite the council owned long stay car park in Orchardleigh Road. Shanklin forms part of the Sandown-Lake-Shanklin conurbation with the sandy beaches and leisure offer of the area ensuring high numbers of visitors and tourists, boosting the local population of around 19,500.

DESCRIPTION

Prominent unit benefitting from a frontage of 10.7 metres (35 feet) to Shanklin's busy High Street and currently laid to cater for around 28 covers, which could be increased slightly, plus take-away /delivery business which has room for expansion. Please see floor plan overleaf for further detail. We understand that the premises benefits from being licensed for sale of alcohol. The mainstay of the business is the sale of Pizzas which are cooked in a traditional Pizza Oven, which when new, cost well in excess of £10,000 (including installation). This is supported by other catering equipment which provide other dishes including Pasta for the restaurant.

TERMS

New lease offered at £9,750 per annum, with an ingoing premium of £7,500 for the benefit of the use of all the equipment. Our client may consider a sale of the premises by separate negotiation.

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: £8,200

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.