icons_size_white icons_size
The UK's leading real estate marketplace
For Sale£49,500.00

The Strawberry Thatch Chine Avenue Shanklin

Restaurant/Cafes
Property type: Restaurant/Cafes
Tenure: Business for sale
Price: £49,500.00
Location: The Strawberry Thatch, Chine Avenue, Shanklin, PO37 6AQ
Character café situated in a prime location within the Old Village, Shanklin. Occupying a corner site opposite the main car park for the Old Village the Strawberry Thatch the business is ideally situated to take advantage of the high footfall from tourists.
LOCATION
Character café situated in a prime location within the Old Village, Shanklin. Occupying a corner site opposite the main car park for the Old Village the Strawberry Thatch the business is ideally situated to take advantage of the high footfall from tourists.
DESCRIPTION
The Strawberry Thatch consists of a wooden building below a thatched roof giving a very characterful premises.



Internally there is a kitchen/servery and covered ice cream sales area together with internal seating for 15 to the rear.



Outside there is an area of lawn and hardstanding enclosed by a picket fence providing approximately 80 + covers.



The business is run by the current tenant and opens between Easter and the late autumn offering a range sandwiches, baguettes, cream teas, cakes, ice creams etc. along with hot and cold drinks. No cooking takes place on the premises but this is not restricted in the lease.

During the summer students are employed on seasonal contracts to assist.



Electricity and water are connected and there is a bin store to the rear.

TERMS
Our client is asking £49,500 for the assignment of the lease, business, fixtures, fittings and goodwill plus stock at valuation.

The balance of a 10 year lease from March 2013 is offered along with the existing business. Rent payable £7,000 per annum. Accounts will be available for bona fide applicants. All fixtures and fittings to be included except for the coffee machine which is leased.

The ingoing tenant will be asked to contribute towards the vendors legal fees.

OUTGOINGS
The VOA shows a rateable value of £5,400, with the current UBR of £0.479 shows rates payable as £2,600 prior to obtaining small business rates relief.
Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.
Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.
Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.
close
What do you think of our website?
Complete our survey and
you could win £1000
Start here