Bistros for sale in Newport

View the "RESTAURANT IN THE HEART OF THE ISLE OF WIGHT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Leasehold Price: £17500
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Business Description
Recently completely refurbished, refurnished and redecorated restaurant premises including fully equipped kitchen with extraction and gas range. A full inventory of equipment is available upon request to bona fide applicants. The gross internal area of the property runs to approximately 105m˛ (1,130 ft˛) including kitchen and toilet area. The restaurant is able to cater for in excess of 50 covers and the unit benefits from a garden to the rear, as yet not ulitised, but which could provide further covers during clement weather. Beyond this is a secure storage room for dry stock and other refrigerators and freezers. Available to purchase including fixtures, fittings and goodwill plus stock in place on completion of a sale.
Tenure: Leasehold

Location Details:

The Restaurant is located on the outskirts of Newport, the Island's County Town, well placed to benefit from its population of 60,000. It sits adjacent to a Council operated car park effectively free of charge from 5.00 p.m. each evening. Newport is the Island's retail and commercial centre, enjoying a dramatic increase in population during the ever extending tourist season, coming to explore its variety of shops, restaurants, pubs and hotels. Most recent operators, Prezzo Restaurants, opened in the town, following on from Pandora and a large J D Wetherspoon.

Leasehold Term:

The premises are held on the balance of a 15 year lease from 1st December 2015 at a current passing rent of £6,000 p.a. to 1st November 2016 with a rent increase to £750 pcm (£9,000 p.a.) from 1st November 2016. The present tenant will cover the cost of the Rent until April 2017

Listed by: Gully Howard
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