Restaurants for sale in Cowes

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Ian McGregor (Nov 2013)
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Leasehold Price: £0
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Business Description
The restaurant and bar currently offers a fairly basic menu of breakfasts, traditional lunches, sandwiches, toasties and Sunday lunches et cetera. There is in our opinion tons of potential to extend the food offer to make it attractive to a wider audience beyond the facilities at Gurnard Pines and its residents.
It is also worth noting that our Clients have established an impressive and growing function business within the facility and would consider allowing the restaurant and bar operator to supply the catering for the numerous functions and events that are held. The function room has its own adjacent self-contained commercial kitchen.

Premises licence: IW 047588 allows for the provision of alcohol, dance, live and recorded music from the late hundred hours to 02:00 hours Monday to Saturday 08:00 hours to 00:01 hours Sunday

Current opening hours: 10:00 AM to 4:00 PM 7 days.

Accessed either via the main Centre's entrance or from within the grounds, the Pines is an impressive restaurant and bar with high ceilings and a triple aspect expanse of windows and glazed casement doors onto paved terracing and the grounds beyond. Currently laid to cater for approximately 60 covers +4 to the bar, the seating area and open plan commercial kitchen amounts to approximately 161 m² (1733 ft.²) plus adjacent stores, cellarage and Unisex WC facility which also allows for disabled access.
There is further seating on the paved terracing for around 42 customers with ample space to increase this number when necessary.
Tenure: Leasehold

Location Details:

The Pines Restaurant and Bar is located within Gurnard Pines itself being a short distance from the centre of Cowes. Having been a highly popular self-contained Holiday and Leisure resort, the chalet accommodation is now mostly privately owned by both permanent and holiday let visitors.
The unique situation of the Pines means that along with the residents in situ and both members and visitors to the popular leisure centre with its fully equipped gym and 25 m indoor pool, there is a substantial opportunity to market the restaurant and bar trade island wide and to the large number of visiting tourists throughout the year. There is also an on-site convenience store and popular children's indoor play park along with tennis courts and ample parking for the restaurant and facilities.

Leasehold Term:

A new sub - lease or licence to occupy is available at an opening rent of £12,000 per annum exclusive. The Tenant will contribute 10% of an annual Service Charge levied by the Superior Landlord, anticipated to be £25,000 for ie £2,500 payable pro rata by the Restaurant Operator. The Tenant will be required to contribute to utilities on a pro rata basis. A rent deposit equivalent to 2 months and references will be required, with rent paid monthly in advance. All other terms by negotiation. The inventory of trade fixtures and fittings will remain in ownership of the landlord with any repair or replacement liability being that of the sub - tenant/licensee.

Downloadable Documents

Listed by: Gully Howard Technical Ltd
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Pines
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