No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Skip to main content

This property is no longer on the market

Restaurant

Save
Restaurant
0 bed
0 bath

Property description & features

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.

Property information from this agent

Places of interest

    Request viewing/info
    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.

    See more properties like this:

    *DISCLAIMER

    Property reference 100523008343. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Spence Willard - Yarmouth.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.