LOCATION
Shanklin Old Village is a popular location with tourists and locals alike and offers an abundance of charm and character.
The village has various boutique stores, restaurants, a theatre and popular gardens including Tower Gardens and Shanklin Chine.
Shanklin beach is within a 5-minute walk, Sandown and Yaverland are within a 10-minute drive and Newport and Ryde are within a 15–20-minute drive. Various transport links are also nearby.
DESCRIPTION
Selling due to retirement, the Black Cat is a well established Thai Restaurant in the heart of Shanklin Old Village, operated by the current owners for the last 20 years.
The ground floor provides 56 sq m (610 sq ft) of restaurant space offering circa 50 covers plus commercially equipped kitchen, storage and office space of around 47 sq m (508 sq ft). All kitchen equipment will be included in the sale.
To the side of the property there is access to a small courtyard providing further outdoor storage space or potentially a small seating area.
The first floor offers residential accommodation, comprising 3 double bedrooms, living room, bathroom and an unfitted kitchen. There is a separate entrance from the side of the property allowing this to be separated from the ground floor if desired.
The premises has the benefit of a full license for alcohol sales, the bar is equipped to provide draught beers, various gins, spirits and cocktails which has proved very popular.
The current owners operate Monday-Saturday 6pm-10pm.
SERVICES
The property benefits from mains electricity, gas, water and drainage.
TERMS
Our clients are asking Guide Price £270,000 for the freehold property, fixtures, fittings and goodwill of the business, plus stock at valuation.
OUTGOINGS
The VOA shows a rateable value of £6,800 for the ground floor. Estimated rates payable will be circa £3,390 without any applicable relief. Please direct all queries to the VOA.
The first floor accommodation is rated for Council Tax Band B.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact on 01983 527727 or commercial@hrdiw.co.uk
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