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The Old Thatch Tea RoomsCommercial property for sale

£695,000
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About this property

Well known tea rooms set in the heart of the iconic Shanklin Old Village. The Old Thatch is perhaps the most recognisable premises within the Old Village attracting the attention of many passers by. The tearooms and gardens have been winners of the best Tea Rooms and Tea Gardens on the Island.

LOCATION
Well known thatched tea rooms set in the heart of the iconic Shanklin Old Village. The Old Thatch is perhaps the most recognisable premises within the Old Village attracting the attention of many passers by. The tearooms and gardens have been winners of the best Tea Rooms and Tea Gardens on the Island.
Shanklin is a popular tourist destination located on the south east coast of the Island and the Old Village is a famous attraction within the town with a range of shops, tea rooms, restaurants etc.
Entrance to Shanklin Chine, which attracts many visitors, is located on the road just behind The Old Thatch.
The premises include beautifully presented two bedroom owners accommodation to the first floor.

DESCRIPTION
The Old Thatch is a Grade II listed building with parts dating back to the 1690’s. The front of the building is one storey whilst there are two storeys to the side and the rear. All roofs are thatched with the front roof being decorated with a reed teapot and teacup.

ACCOMMODATION
The visitors entrance to The Old Thatch is from Church Road and leads to a flagstone floored hallway. To the right is the blue tearoom with feature fireplace, range of tables, chairs and bench seating. Window to entrance hallway.
To the left of the hallway is the pink tearoom, an L shaped room, also with a range of tables, chairs and bench seating. The bar (the premises are licensed) is set within the pink room.
The third indoor seating area is the green room with entrance from the pink room or the hallway and has a range of tables and chairs and a feature fireplace. Doors from the green room lead to the secluded sunny garden in which there are several paved seating areas, pathways, fountain and fairy garden. Attractively planted with a range of shrubs and bushes to create a tranquil area in which customers can enjoy their refreshments.
The garden also includes several storage units for tables, chairs etc. These units are concealed by planting and fencing.
In total there are 60 covers inside the tearoom with an additional 40 in the garden.
Good size commercial kitchen with range of catering equipment (a full inventory will be provided). Serving and washing up area. Doors from the kitchen to the garden. Owner’s access to the side of the property leading to purpose built bin store and the front of the tearooms.
Cloakroom with guest WC off.
Entrance to the owner’s accommodation is from the entrance hallway. Stairs up to landing with doors off. Although set in an old building the owner’s accommodation offers contemporary living, having been renovated two years ago.
Spacious lounge with windows to the front and the rear.
Bedroom 1. Master bedroom with fitted wardrobes and window to the front.
Bedroom 2. Single/double with under eaves storage and window to the rear.
Bathroom with large walk in shower, hand basin and WC.
Windows to the owner’s accommodation are filled with purpose built plantation blinds which will be included in the sale.

The Business
The Old Thatch is open between April and the end of October catering for morning, lunch and afternoon customers. Trading below the VAT threshold the turnover could be greatly increased by operating longer opening hours including offering restaurant service in the evenings.
The tea rooms offer a wide range of light meals. cakes and homemade scones.
Please visit our client’s own web site for further details including the menu offered and history of the building www.oldthatchteashop.co.uk

TERMS
Price guide of £695,000. Offered is the premises and associated business, fixtures and fittings. Our clients will retain some personal items which will be listed in the inventory. The fitted blinds and wardrobes in the owner’s accommodation will be included in the sale.

OUTGOINGS
The VOA shows a rateable value of £14,500. Current multiplier 0.52 before any relevant relief. Enquiries should be made direct to VOA to confirm any relief.

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Brochure

Property Brochure

The Old Thatch Tea Rooms

£695,000

Full PDF brochure containing all the details of the property in The Old Thatch Tea Rooms - £695,000

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EPC

Branch

Commerical

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

01983 527727

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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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