REDUCED PRICE: Available to purchase only due to our client’s future plans is this popular leasehold licensed bar and grill.

  • Leasehold Price: £20,000
Shanklin, Isle of Wight, England
Seller Ref:Beachcomber-IW
For Sale

REDUCED PRICE: Available to purchase only due to our client’s future plans is this popular leasehold licensed bar and grill.

Shanklin, Isle of Wight, England
Seller Ref:Beachcomber-IW
  • Leasehold Price: £20,000

Overview

Seller Ref: Beachcomber-IW

Description

Situated in an area noted for local businesses within Shanklin, which in turn is a very popular resort town enjoying a year-round trade, supplemented considerably by tourism during the seasonal months.

Shanklin has a wide variety of facilities within its boundaries, including the popular Old Village and Regent Street retail areas.

There are many hotels and tourist provisions within the town, including Shanklin Theatre, a variety of local and national commercial occupiers, and the ever-popular Esplanade and Beach.

Only offered for sale due to our client’s future plans, the premises has the potential to take some 28-30 covers. The restaurant area was re-fitted by our client only 2 years ago, but interested parties are asked to note that the main kitchen equipment is the property of the Landlord and will remain in situ as such.

The business is licensed, and trades year-round, with trade supplemented by the annual seasonal tourism boost.

Our client would be prepared to discuss turnover and accounts, but only with bona fide applicants and/or their professional advisors. Any inventory, where required, in respect of fixtures, fittings and equipment will be supplied on the occasion of a sale.

Leasehold Terms:
Held, we understand, on the balance of a 10 year lease from August 2020, at a current passing rental of £7,200 p.a.x. (£600 pcmx), on a standard Law Society format document, with rent payable monthly and RPI rent reviews. A copy lease can be made available upon request, but only to bona fide applicants and/or their professional advisors.
Location Details:
Popular resort town with good local and visiting trade alike.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA

Business Documents

Agency Particulars - Beachcomber Bar & Grill, Shanklin

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