Holyrood Street, Newport

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A fantastic opportunity to acquire a very well known business in a central location in Newport.

Details

  • Price: £55,000
  • Bedrooms: 0
  • Tenure: freehold

Full Description

LOCATION
Situated in the heart of Newport Town Centre this well known restaurant occupies a beautifully kept Grade II Listed property just off the High Street.

Newport is the County Town of the Island and has a population circa 25,000 (2011 census). Situated in a mostly commercial area the neighbouring properties are occupied by independent retailers including Adriene Wroath Jewellery, Visual Impact and Hursts.

DESCRIPTION
The property offers accommodation over first and second floors and has been recently refurbished to a very high standard.

Entrance from Holyrood Street to first floor.

Open plan seating area, bar, WC's and kitchen equipped for commercial use (an inventory can be provided). There are beautiful full height sash windows to the front and wooden floors throughout.

Stairs to the mezzanine offering further dining space.

The property is very well kept and has inset ceiling lights, spotlights and mood lights and a beautiful feature chandelier. There is also the benefit of having fitted CCTV and music system throughout the property.

Currently offering circa 64 covers the business and Long Island brand would be an ideal opportunity for anyone wanting to start trading immediately upon completion.

SERVICES
The property offers gas, electric, water and drainage.

TERMS
Our client is asking £55,000 for the business to include fixtures fittings and goodwill. The premises are held on a 5 year lease from June 2017 at a current passing annual rent of £15,000pa plus 10% service charge.

OUTGOINGS
Business rates TBC.

VIEWING
All viewings to be arrange via HRD Commercial. Please contact 01983 527727.

Estate Agent Details

Commercial Office
138 High Street
Newport

Phone: 01983 527727
Fax:
Email: commercial@hrdiw.co.uk