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Pubs, Dining and Cafes

Pair of Well-Equipped Fish & Chip Shops

53 High Street, Sandown, Isle of Wight, PO36 8DF

£349,999

Key features

  • Two Fish & Chip shops, one located in a freehold building in Shanklin, the other in a leased premises in Sandown
  • 87 High St, Shanklin Ground Floor runs to a total of circa 85.5m² (920ft²). 53 High St, Sandown runs to a total of circa 122.6m² (1,319.6ft²)
  • The Shanklin property consists the Ground Floor Fish & Chip shop, as well as a 2-bed flat over. Sandown retail premises on the Ground Floor
  • Offers are invited “in the region of” £350,000 for the fully equipped shops, freehold of the premises in Shanklin, and assignment of the lease for the Sandown premises
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LOCATION

Both premises are well located, with 87 High St, Shanklin being in the heart of the popular Old Village and thus benefitting from the high footfall, particularly in the summer months, of this area. 53 High St, Sandown is in the middle of Sandown’s busy High Street, and supported by retailers such as Sainsbury’s Local, Co-Operative, and Boots.

DESCRIPTION

87 High Street, Shanklin runs to a total of circa 85.5m² (920ft²) for the ground floor premises, with the freehold of the premises included in the sale. The First Floor flat is currently let on a 5-year AST, at £400 per month (£4,800 per annum). The AST commenced in February 2020. The rent of £400 per calendar month would be well below what would be expected for a 2-bed flat in this location, but it is at this level due to the condition of the flat. Please see floor plan for further detail.

53 High Street, Sandown runs to a total of circa 122.6m² (1,319.6ft²). The premises has indoor seating laid to approximately 30 covers. Please see floor plan for further details. This premises is held on the remainder of a 20-year lease from December 2004, with a current passing rent of £10,172 per annum.

Both shops are fully fitted out, both with Henry Nuttall fish-frying ranges.

TERMS

Both premises are offered, with offers invited “in the region of” £350,000 for the freehold of 87 High Street, Shanklin and the assignment of the lease for 53 High Street, Sandown. Please note that we are not selling the businesses, and as such there are no accounts available. The premises will be offered with all the equipment in situ.

UNIFORM BUSINESS RATE

Rateable Value: £6,200 (87 High St, Shanklin) £8,000 (53 High St, Sandown)

2023/2024: £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on 01983 821000

VIEWING

Strictly by appointment with joint sole agents Gully Howard Commercial Property and SIA Group.


Gavin Chambers or Morgan Williams

Suite 11 Salisbury Gardens

Dudley Road

Ventnor

Isle of Wight

PO38 1EJ

01983 301 434

mwilliams@gullyhoward.com

gchambers@gullyhoward.com

Pubs, Dining and Cafes

Pair of Well-Equipped Fish & Chip Shops

53 High Street, Sandown, Isle of Wight, PO36 8DF

£349,999

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