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81 High Street, NewportCommercial property for sale

£50,000
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About this property

Opportunity to purchase a well known diner business in Newport town centre.

LOCATION
Situated to the top of Newport High Street in a busy trading area. Neighbouring businesses include The Spectacle Maker, Castlehold Baptist Church and Day Lewis Pharmacy.

Newport is the principle town of the Island and offers amenities including St Marys Hospital, various primary and secondary schools, doctors’ surgeries, churches, cinema and the Isle of Wight County Hall. The 2011 Census shows a population of circa 25,500.

DESCRIPTION
Offered for sale is Phil’s Diner, a very well-known trading business. The premises is held on a lease at an annual rent of £15,708. The landlord has advised he will grant a new lease to a successful applicant subject to references.

The property offers 117 sq m (1259 sq ft) overall. There is a fully equipped commercial kitchen, the diner offering approximately 50 covers, WCs and stockroom.

The premises benefit from access from the High Street and Pyle Street.

SERVICES
The property benefits from mains electric, water and drainage.

TERMS
Our client is asking £50,000 for the business to include fixtures, fittings, goodwill + SAV.

OUTGOINGS
The VOA shows a rateable value of £13,000. Using the current UBR the rates payable will be circa £6552, this doesn’t include any applicable small business rates relief.

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

Map

Brochure

Property Brochure

81 High Street, Newport

£50,000

Full PDF brochure containing all the details of the property in 81 High Street, Newport - £50,000

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EPC

Branch

Commerical

The Estate Office, 138 High Street, Newport, Isle of Wight, PO30 1TY

01983 527727

[javascript protected email address]

Opening hours

  • Monday07:30 - 17:30
  • Tuesday07:30 - 17:30
  • Wednesday07:30 - 17:30
  • Thursday07:30 - 17:30
  • Friday07:30 - 17:30

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