Key features
- Take-Away in prime town centre location with the possibility of outside seating running to 36 covers
- Unit running to a total of approximately 184.2m² (1,982ft²)
- New lease to be granted at £30,000 per annum. All other terms by negotiation
- Offers are invited in the region of £79,000 leasehold, fixtures, fittings and goodwill plus stock at valuation
Location
Oggies is prominently sited in St Thomas Square, in the centre of Newport. St Thomas Square is a highly popular pedestrianised area and is home to a number of other eateries. Due to the concentration of so many businesses attracting a high footfall, St Thomas Square is one of the most important leisure locations in Newport, the County town. As well as the Church of St Thomas, Lloyds Bank and several other popular retail outlets, the square hosts two weekly market days on Tuesdays and Fridays, further increasing footfall and ensuring that Oggies is extremely well placed to capture both take-away and sit-down restaurant trade.
Description
The whole property runs to a total of approximately 184.2m² (1,928ft. The separately accessed restaurant area has now been kitted out as another takeaway, but was previously licenced and laid to cater for 82 covers, supported by Ladies and Gents WC facilities. The takeaway outlet has a seated waiting area in front of a three-pan frying range by Kiremko. To the rear is an extensively fitted commercial kitchen, with preparation and wash-up areas plus stores and walk-in refrigeration/freezer. It is important to note that the configuration of the commercial support areas allows for the restaurant and take-away to trade both independently, or in unison as desired by the new operator.
Upper Parts
Upper parts include a staff rest room, stores WC facilities, and a small courtyard area on the First Floor, with further storage/office space offered on the Second Floor. Please see floor plan for further details.
Outside
There are up to another 36 covers available to tables and chairs to the front of the premises, which are highly popular during clement weather and on market days. We are advised this area is leased by way of a licence provided by the Isle of Wight Council at a cost of approximately £350 per annum.
The Business
Profitable business, which has been run successfully by the current occupiers since June 2005, although it has been a Fish and Chip shop for a significantly longer than that. The business is currently trading very short hours Tuesday to Saturday, so there is significant scope to increase turnover if desired. Accounts available to bona fide applicants following a viewing of the premises.
Terms
Offers are invited in the region of £79,000 for the business, goodwill, fixtures and fittings plus stock at valuation, and a new lease of the premises, with a rent of £30,000 per annum
Uniform Business Rate
Rateable Value: £16,000 (2 St Thomas Square) + £10,250 (3 St Thomas Square)
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 Morgan Williams on 01983 301 434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com
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