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The Copper Kettle, High Street, ShanklinCommercial property to let

£8,578
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About this property

Beautifully presented café situated in a prominent position on Shanklin High Street. Inside and outside seating. Trading 7 days a week but closing at 2:30 pm giving the potential for extended trading hours and greater turnover. The lease also includes a one bedroom flat. There are two allocated parking spaces for the premises, accessed via Orchardleigh Road.

LOCATION
Beautifully presented café situated in a prominent position on Shanklin High Street. Inside and outside seating. Trading 7 days a week but closing at 2:30 pm giving the potential for extended trading hours and greater turnover. The lease also includes a one bedroom flat. There are two allocated parking spaces for the premises, accessed via Orchardleigh Road.

DESCRIPTION
Beautifully presented café situated in a prominent position on Shanklin High Street. Inside and outside seating. Trading 7 days a week but closing at 2:30 pm giving the potential for extended trading hours and greater turnover. The lease also includes a one bedroom flat. There are two allocated parking spaces for the premises, accessed via Orchardleigh Road.

Entrance from the HIgh Street with pavement seating for 11 covers. The café has a pavement license. Indoor seating area of approx. 27 sq m with 23 covers. Decorated in a contemporary style to give a light, bright feel. Serving counter and chiller cabinet.,

Kitchen (approx. 11 sq m) with range of commercial catering equipment and extraction (a full inventory will be provided).

WC for customer use.

Stairs down to storage area (approx. 13 sq m) and one bedroom apartment.

Apartment
Kitchen with range of fitted units (approx. 11 sq m). Bedroom with sitting area (approx.17 sq m) and en suite bathroom.
Access to the car park at the rear of the property. The car park is accessed via Orchardleigh Road and there are two parking spaces allocated to the Copper Kettle. The current tenants also rent the garage within the car park by a separate arrangement with the landlord which may be available to a new tenant.

The Business

The Copper Kettle trades over 7 days a week. Trading just below the VAT level the owners choose to close at 2:30 pm each day to keep within this level. There is scope to increase the turnover with extended opening hours including evenings. The current owners have traded the business since 2017. Accounts and daily takings are available for bona fide applicants.
A wide range of food and drink is offered including the very popular roast dinners. The premises are licensed.

The Copper Kettle is offered with the balance of a 25 year lease granted in 2007 (expiring February 2032). Rent payable is £8568 per annum to include buildings insurance.

TERMS
Our clients are asking £58,000 for the assignment of the remainder of lease, fixtures, fittings and goodwill.

OUTGOINGS
The VOA shows a rateable value of £7,600. Current multiplier 0.52 before any relevant relief. Enquiries should be made direct to VOA to confirm any relief.
The apartment is Band A for council tax.

Map

Brochure

Property Brochure

The Copper Kettle, High Street, Shanklin

£8,578

Full PDF brochure containing all the details of the property in The Copper Kettle, High Street, Shanklin - £8,578

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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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