Restaurants for sale in Cowes

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 I love your website – you saved me so much time with my search. I've now bought a restaurant. 

Imran Ahmed (Nov 2014)
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Freehold Price: £169,950
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Business Description
• Established and successful restaurant paying £14,000 rent per annum exclusive
• Premises comprise a ground floor restaurant & kitchen with accommodation over
• Sensibly priced for a quick sale
• For Sale with offers Invited In the region of £169,950, representing a gross Initial return of 8.24%

Property location: Number 3 is located at the beginning of Bath Road, the main thoroughfare from The Parade to Cowes centre. Situated close to several other popular eateries and drinking establishments. Cowes has an immediate population of around 18,000, considerably boosted by high spending visitors to this world famous yachting centre. The town itself has a densely populated centre allowing a considerable number of prosperous households access to its facilities within easy walking distance. Number 3 also benefits from the obvious passing pedestrian trade between the High Street and The Parade.

Description: A ground floor restaurant of approximately 30m2 (323 ft2) laid to cater for 24 covers. There is also space for some external covers and a kitchen to the rear.

Accommodation: Described as a bedroom with shower cubicle, cloakroom with w.c. and hand basin (available for use by restaurant customers), lounge with door to a rear courtyard which is a timber deck covered.

The Lease: A 21 year term from 9th May 2005 with a passing rent of £14,000 per annum exclusive. Rent Reviews are scheduled at 3 yearly intervals. We understand that the tenant contributes 50% of the property insurance, shared with the owners of the flat on the upper 2 floors. The tenant benefits from the security of tenure provisions of the Landlord and Tenant Act 1954.

EPC: Awaiting EPC rating.

Price: For Sale with offers invited in the region of £169,950 for the benefit of the freehold premises, subject to the existing tenancy. We are advised that the maisonette situated on the upper 2 floors of the building is sold off on a long leasehold basis with approximately 90 to 100 years unexpired at £15 per annum ground rent.

Viewing: Strictly by appointment via Grant Higgs on 01983 640000. Under no circumstances should any direct approach be made as staff will be unable to assist you.
Tenure: Freehold

Location Details:

Number 3 is located at the beginning of Bath Road, the main thoroughfare from The Parade to Cowes centre. Situated close to several other popular eateries and drinking establishments. Cowes has an immediate population of around 18,000, considerably boosted by high spending visitors to this world famous yachting centre. The town itself has a densely populated centre, allowing a considerable number of prosperous households access to its facilities within easy walking distance. Number 3 also benefits from the obvious passing pedestrian trade between the High Street and The Parade.

Downloadable Documents

Listed by: Gully Howard Technical Ltd
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