Key features
- Well established and successful Pizza/Italian Restaurant in the heart of Ventnor, available because of lifestyle changes
- Restaurant arranged over ground floor and basement running to approx. 76.3m² (821ft²)
- Whole building for sale, arranged over four floors, with residential element with 3 bedrooms over 2 floors
- Offers invited in the region of £329,000 for the freehold interest, fixtures & fittings plus pizza oven
LOCATION
Located in the heart of Ventnor High Street, one of the most successful High Streets on the Isle of Wight, with very few vacant properties and supported by many specialist retailers, cafes and other eateries, including Co-op, car parking and the sea front. Ventnor benefits from being on the south facing slope of St Boniface Down and is almost totally sheltered from the north. The town has seen considerable recent investment in particular with a Tesco Express opening in the High Street and the creation of a small harbour on the picturesque Esplanade. The immediate population of around 6,000 residents is substantially boosted by the many visitors and locals alike wishing to enjoy the arts and fine dining culture which the town has become renowned for.
DESCRIPTION
Substantial building arranged over 4 (four) floors, with the restaurant occupying the ground floor and basement, the basement having recently been re-decorated and brought up to date. The restaurant currently trades as a successful pizza and Italian restaurant with a top-quality pizza oven in place with extraction. The ground floor of the restaurant supports 24 covers and potentially a similar amount in the basement. The restaurant is supported by a substantial 3-bedroomed owners’ accommodation arranged over 2 (two) floors, which presents very well. Please see floor plan overleaf for further details
TERMS
Offers invited in the region of £329,000 for the freehold interest of the property and pizza oven, plus fixtures & fittings
UNIFORM BUSINESS RATE
Council Tax band A Rateable Value: £5,800 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 01983 821000
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 01983 301 434. E: gchambers@gullyhoward.com or dlucy@gullyhoward.com
UNDER NO CIRCUMSTANCES SHOULD ANY DIRECT APPROACH BE MADE TO THE PROEPRTY AS THE STAFF THERE WILL BE UNABLE TO ASSIST WITH ANY ENQUIRIES
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