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No longer on the market

This property is no longer on the market

Apartment - Stairway
Apartment - Sitting Room
Apartment - Bedroom
Apartment - Kitchen
Apartment - Sitting Room
View From Apartment
EPC

Restaurant

Restaurant
Added > 14 days

Features and description

DESCRIPTION
An ideal opportunity for those looking to purchase a desirable building with a well-respected, popular, and vibrant licenced restaurant business. This is a rare chance to purchase a large freehold building of great character, with a quality and profitable restaurant business on the ground floor, offering a unique evening dining experience with pre-heated volcanic rocks. The property is located in Bridge Road, which is essentially one of two thoroughfares from the Harbour to The Square, providing a high footfall. The business was established in 2005 and has an excellent trading history with further potential to extend the opening hours and offer lunches, breakfasts as well as tapping into the lucrative casual coffee market.

This is a well laid out ground floor business premises, with a modern commercial kitchen, store room, ladies & gents WC, cloak room/ lobby and two separate dining rooms catering for 90 covers per night without Covid restrictions and 70 with restrictions in place. The split of rooms enables private parties/groups to also have their own room to dine in. Large acrylic, 'Covid screens' will be included in the sale which separate each table.

This offering will be of interest to; investors, operators and those looking for an exciting career change with this combination of an owner occupied freehold business. A buyer could also potentially acquire the ground floor as part of their self-investment pensions (SIPP), with the upper floor being purchased privately. This is a most interesting block of Yarmouth commercial property.

The Business - This freehold property is being sold with the business. Detailed trading figures will be issued to bona fide applicants following the completion of an NDA (NonDisclosure Agreement). The business is being sold as a going concern, plus stock at valuation. A list of company owned items will be issued to interested applicants. The business is run with a full complement of staff and senior management in place.

ACCOMMODATION
As a large period, building, the residential upper floors have been successfully let and offer magnificent west facing views across the harbour and Yarmouth Sailing Club. This is a split-level apartment which requires modernisation and enjoys its own private access from Bridge Road. The apartment comprises of one double bedroom, bathroom, sitting room, kitchen/diner, landing and ground floor hall/lobby. There is an attractive aspect out onto The Square as well The Harbour.

SERVICES
All mains services are connected to the property.

OTHER
EPC Rating D.

VIEWING
All viewings will be strictly by prior arrangement with the sole selling agents, Spence Willard.

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About this agent

Spence Willard - Yarmouth
Spence Willard - Yarmouth
The Square Yarmouth PO41 0NP
01983 507961
Full profileProperty listings
Spence Willard is a privately owned independent Estate Agency set up in 2012 to offer quality sales and lettings across the Isle of Wight. Our in-depth knowledge of the local property market and unbridled passion for the Isle of Wight enables us to work tirelessly hard to offer a first class service to buyers and sellers. With our strong emphasis on effective marketing strategies, we utilise national and international links combined with the latest technological innovations, to find the best solutions for clients, at the right price through careful negotiation. Our focus is to deliver a super-efficient, hassle-free property process that benefit both vendor and purchaser, tenant and landlord. We’ve built a thriving and dynamic, forward-thinking team to create market leaders in the sale of quality coastal and country houses across the Island.
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