Key features
- Landmark restaurant for sale, along Culver Parade with stunning sea views
- Premises runs to approximately 154m² (1657ft²) including kitchen and toilets with an outdoor seating area of approximately 34m² (365ft²)
- Was a highly profitable business with the original owner
- Available to rent at £29,000 per annum, with no ingoing premium
LOCATION
Located in an enviable position on Culver Parade with panoramic views over the extensive sandy beaches offered at this end of Sandown from Culver Down and across the English Channel. The premises also benefit from nearby Pay&Display car park, as well as significant on-street Pay&Display parking along Culver Parade. Sandown forms part of the Sandown-Shanklin-Lake conurbation which wrap around Sandown Bay 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. Sandown’s seafront is a magnet to tourists and locals alike, flocking to the area to enjoy the many facilities and amenities on offer. Besides its famous sandy beaches Sandown is home to The Isle of Wight Zoo, Dinosaur Isle, Sandham Gardens Activity Park plus Sandown Pier with its many rides and attractions.
DESCRIPTION
Former bandstand which was redeveloped in 2014 into the new fully glazed first-floor premises. The building is arranged over two floors with the restaurant on the first floor, catering for up to 56 covers, with a further possible 24 covers outside to the rear of the property overlooking the Sandham Gardens. The building runs to a total of 154m² (1657ft²) including kitchen and toilets with a further outdoor seating area of approximately 34m² (365ft²). The first-floor restaurant runs to approximately 81.8m² (880ft²). Please see floorplan overleaf for further details. The surround area to the bandstand has, in recent years, undergone a transformative regeneration in Sandham Gardens with the recent addition of the sky nets - a gigantic open-air bounce park, and also the dinosaur themed crazy gold course, along with go-kart track. Also, adjacent to the café has been the redevelopment of the former White City site creating plenty of substantial high-end homes and flats which has really lifted this area of Sandown.
THE ORIGINAL BUSINESS
Highly profitable and successful business having started trading in 2015. In the year ending 2022, the turnover was £580,000 and the net profit was running close to 30% of turnover in that year. Formal accounts and menu are available to bona fide applicants after viewing.
TERMS
Available to rent at £29,000 per annum, with no ingoing premium. The tenant to maintain and service the fixtures & fittings. The seller may also consider selling the virtual freehold (999-yr leasehold) premises by separate negotiation.
UNIFORM BUSINESS RATE
Rateable Value: £11,500 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 301434. E: gchambers@gullyhoward.com or dlucy@gullyhoward.com
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