Esplanade, Ventnor, PO38 1JT

Centre for sale

£63,000


A great opportunity to purchase an established beach shop business on the popular Ventnor Esplanade.

LOCATION
Situated on Ventnor's award winning seafront, this investment opportunity benefits from spectacular sea views and high foot fall. Ventnor is located to the South of the Island with a population of circa 6000.

Ventnor is one of the most popular seaside resorts on the Island and boasts one of the busiest esplanades. The town benefits from local bars, pubs, pharmacies, boutique stores and is on a main bus route with easy links to other island hotspots such as Shanklin, Sandown, Ryde and Newport.

DESCRIPTION
Offered for sale is this successful business opportunity which offers approximately 62 m² of retail space along with a staff WC and two changing rooms to the rear.



There is also a substantial amount of storage situated around the shop to the rear and down the left hand side.

The business also benefits from a small ice cream kiosk positioned at the front with a small area of extra space for external display.
TERMS
Our client is asking £63,000 for this well-established business, fixtures, fittings, goodwill plus stock at valuation. The sale will include the current lease at £10,000 pa which we understand has 3 years left to run. The landlord has said they would grant a new lease. Terms to be negotiated.
OUTGOINGS
Business rates show a rateable value of £7,300. Using the current UBR rating the rates payable will be approx. £3740 per annum not including any applicable small business rates relief.
VIEWING
All viewings to be arranged via HRD Commercial on 01983 527727.

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.

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Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Tel: 01983 527727 Email Us: [email protected]