Cafes for sale in Isle of Wight

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Well-known trading café business which includes a 4 bedroom apartment over.

Isle of Wight, England

  • Leasehold Price: £59,950
Seller Reference: COM1029
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Business Description
 
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Seller Reference: COM1029
Request Details
Business Description
This Grade II Listed property sits amongst a mix of popular boutique stores and close to St Thomas' Church. St Thomas' Square hosts the weekly farmers market and is a popular destination year round.

Newport is the principle town of the Island and offers amenities including St Marys Hospital, various primary and secondary schools, doctors’ surgeries, churches, cinema and the Isle of Wight County Hall.
The accommodation is laid out as follows:
Ground Floor
Entrance from Town Lane directly into the café with approximately 90 covers which has recently been refurbished.
A well-equipped commercial kitchen sits just off the café area. An inventory can be provided upon request.
WCs and Store.
A modern conservatory offers approximately 18 covers and overlooks the lovely garden.
To the rear is a lovely walled garden with various shrubs and borders and offering approximately 24 covers.

First Floor
Office/Storeroom for the café.
Access to the apartment.
The apartment offers Lounge/Kitchen/Diner, Bathroom, and Four Bedrooms. The residential element is currently let to a third party at a rental of £9000 per annum.

The whole of the premises are held on a 10 year lease from August 2016 at a current rental of £25,000 per annum for the remainder which will be transferable to the new business owner.

The Business has traded very successfully for many years and has a good track record. The vendors have advised that the gross profit margin has always been +70% during their time as owners.

Accounts can be provided for bone fide applicants.
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
4
Location Details:
Situated in Newport Town Centre, Town Choice is in an excellent location benefitting from a good footfall between Newport Bus Station and St Thomas Square.
Leasehold Term:
The whole of the premises are held on a 10 year lease from August 2016 at a current rental of £25,000 per annum for the remainder which will be transferable to the new business owner.
Listed by:
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