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£2,917 pcm | £35,000 pa

Restaurant to rent

High Street, Newport

£2,917 pcm | £35,000 pa

Restaurant to rent

High Street, Newport

Description

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Letting details

Property description

LOCATION
Situated on Newport High Street neighbouring businesses include Yates, Hogshead and a number of national retails are nearby.
Newport is the County Town of the Isle of Wight and has a population circa 25,000 (2011 census).

DESCRIPTION
Offered to let is this licensed unit which has most recently traded as a nightclub/bar. The unit is such that it could immediately start trading as a nightclub/bar subject to gaining the necessary personal licenses.

The property is set up with the following accommodation:
Entrance from the High Street into the main retail/bar space. A fully functioning bar runs the length of the wall to the right of the unit, seating booths have been installed to opposite with open space wooden flooring providing further seating/dance areas.

There are male & female WC's to the rear plus cellar, staff areas and rear courtyard with further cold store and storage. One room to the rear was previously set up as a commercial kitchen and this could reinstated if needed. Total ground floor runs to approximately 300 sq m (3224 sq ft).

The first floor is accessed via a staircase to the right of the bar and offers another seating and bar area approximately 51 sq m (556 sq ft) with access to the rear and roof terrace approximately 84 sq m (905 sq ft).

TERMS
The property is available on a free of tie full repairing and insuring lease at a rent of £35,000 per annum. Incentives and a long assignment will be granted to the right tenant. Our client will also consider selling the freehold for £350,000.

OUTGOINGS
The VOA shows the rateable value as £27,500, rates payable approximately £13,200 per annum.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact[use Contact Agent Button].

Property information from this agent

Map

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Nearby services within a 3 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Call 01983 507916

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