Key features
- 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 £27,000 per annum, plus £POA for the business, fixtures & fittings
- 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)
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
The restaurant/bar area runs to circa 81.8m² (880 ft²) with the total ground floor area running to approximately 110 m² (1,194 ft²). The property is fitted throughout to a very high standard and includes Graphic eye light control panels, wiring for internal stereo system, walk-in cold room (kitchen), dedicated beer cellar (g/floor), dedicated boiler (g/floor), air-con/heating unit, cat 5 wiring throughout, intruder alarm (reception & restaurant), broadband (g/floor), sensor flush urinals gents WC (basement), PIR sensor light fittings to WCs. There is an existing permit for outdoor furniture. Please see floor plan for further detail of layout.
Terms
Business, fixtures and fittings offered for sale, £POA, along with the assignment of the lease held on the property. We understand that the current passing rent £27,000 per annum. Letting rooms on the upper floors also available on a separate lease. Please contact us for further information
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: £18,500 – Restaurant
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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