LOCATION
Located in St Thomas Square in the heart of Newport, the Island's County Town and supported by many other eateries, bars, take-aways and specialist retailers.
Newport is the Island's county town and undoubted commercial centre. The immediate population is around 25,000 with a catchment of around 60,000 when operating as the comparison shopping centre for the entire Island population of around 140,000. Continued investment in the town, most recently from Mountain Warehouse, ensures its importance as a retail and leisure centre.
DESCRIPTION
Restaurant and Bar well known and highly regarded with a reputation for providing good quality Italian cuisine in a relaxed atmosphere.
The restaurant currently operates with 60 covers inside and has a Licence for a further 60 covers outside.
The premises at present is in very good condition with contemporary décor and fixtures.
There is a fully equipped commercial kitchen which has a full extraction system in place.
TERMS
Available by way of a sub-let, with either £25,000 ingoing premium and a rent of £35,000 per annum OR £ZERO ingoing premium and a rent of £45,000 per annum.
OUTGOINGS
Rateable Value: £23,000
2025/2026: 55.5p 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 the agents. Call Lisa Mercer or Charlie Dickson on 01983 527727 or email commercial@hrdiw.co.uk
