About this property
A great opportunity to purchase an established beach shop business on the popular Ventnor Esplanade.
Situated on Ventnor’s award winning seafront, this investment opportunity benefits from spectacular sea views and high foot fall. Ventnor is located to the South of the Island with a population of circa 6000.
Ventnor is one of the most popular seaside resorts on the Island and boasts one of the busiest esplanades. The town benefits from local bars, pubs, pharmacies, boutique stores and is on a main bus route with easy links to other island hotspots such as Shanklin, Sandown, Ryde and Newport.
Offered for sale is this successful business opportunity which offers approximately 62 m² of retail space along with a staff WC and two changing rooms to the rear.
There is also a substantial amount of storage situated around the shop to the rear and down the left hand side.
The business also benefits from a small ice cream kiosk positioned at the front with a small area of extra space for external display.
Our client is asking £63,000 for this well-established business, fixtures, fittings, goodwill plus stock at valuation. The sale will include the current lease at £10,000 pa which we understand has 3 years left to run. The landlord has said they would grant a new lease. Terms to be negotiated.
Business rates show a rateable value of £7,300. Using the current UBR rating the rates payable will be approx. £3740 per annum not including any applicable small business rates relief.
All viewings to be arranged via HRD Commercial on 01983 527727.