Esplanade, Sandown, PO36 8JS

Restaurant/Cafe for sale

£109,950


Fantastic seafront business for sale.

LOCATION
Situated on the revetment at Sandown Esplanade this property is a 5 minute walk from Sandown Pier.

Sandown is an extremely popular tourist destination and offers fantastic beaches stretching from Sandown and Yaverland to Lake and Shanklin. There is potential for the site to extend the season and offer food and drinks during the colder seasons.

DESCRIPTION
The property was refurbished and is in a very good condition throughout. A new roof was fitted in May 2017 and has a 30 year guarantee as well as the electricity supply being upgraded to 3 phase incorporating a new commercial distribution board and new plumbing throughout. CCTV is also included.



This licensed property benefits from a serving/preparation area of 15 sq m (161 sq ft) with floor standing kitchen units with work surfaces over, fridges, counter top salad prep bar, slush machine and ice cream hatch plus dishwashing area with dishwasher and sink. There is a separate kitchen approximately 7 sq m (75 sq ft) with commercial griddle, convection oven, two fryers, microwaves and extraction. A full inventory can be supplied upon request.

The property currently offers outside seating with around 70 covers on the revetment to the front and patio area to the side. There is a new galvanised steel wind break with Perspex panels also in place. The vendor of the business has advised they have contacted the local planning department to erect a covered area over the patio to cater for customers during the winter months, the planning department have advised they would consider this with the correct planning permission subject to application.



There is also a car parking space with the unit, this has to be accessed before 10am and after 6pm due to the pedestrians on the revetment. The vendor has also been advised by the IW Council that they would allow a container to be sited here for storage if required.

“NB Under Section 21 of the Estate Agents Act we are required to disclose that the owner of this property is related to an employee of Hose Rhodes Dickson.”

SERVICES
The property benefits from 3 phase electric and water.
TERMS
Our client is asking for £109,950 for the business, fixtures, fittings plus stock at valuation. The premises is available on the remainder of a 35 year lease at a rental of £2577 per annum.
OUTGOINGS
Business Rates show a rateable value of £3000, using the current UBR the rates payable will be approximately £1,440 per annum not including any applicable business rates relief.

The current owner doesn’t pay any rates due to the property benefitting from small rates relief.

PARKING NOTES
Off road parking space with the unit, accessible before 10am and after 6pm due to pedestrians on the revetment. This could be used as a storage area if required.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.

Click to See Full Description
Show Less
Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Tel: 01983 527727 Email Us: commercial@hrdiw.co.uk