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16 High St 1,379 SF of Retail Space Available in Sandown PO36 8DE
Highlights
- Well-equipped and decorated Chinese restaurant
- Large older-style mid-terrace property of traditional construction
- Situated in a prominent and prime location within the High Street of Sandown
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,379 SF | Negotiable | $27.56 CAD/SF/YR $2.30 CAD/SF/MO $38,001 CAD/YR $3,167 CAD/MO | Fully Repairing & Insuring |
Ground
A rare opportunity to acquire a leasehold interest in this exceptionally well-equipped and decorated Chinese restaurant, available effectively as a going concern. Rental Guide - £20,000 P.A.X./Ingoing Premium - £85,000. Business: Established for many years successfully in this location and only available now due to our clients’ retirement plans. The business offers an excellent level of equipment and decorative features and should be viewed to be fully appreciated. An inventory of equipment, fixtures and fittings etc. will be provided on the occasion of a sale, and turnover and accounts can be discussed with bona fide applicants and their professional advisors subject to a confidentiality agreement being signed by any relevant parties. Terms: Will be by way of a new commercial lease, effectively on a full repairing and insuring basis. However, our clients will insure the building, and the tenants will be recharged their share of the premium. The tenants will be responsible for their own contents and Public Liability insurance, to include glazing where appropriate. The lease may be subject to third anniversary upward-only rent reviews and the Landlords reserve the right to exclude the lease from the security provisions of the Landlord & Tenant Act 1954, Part II. Other terms by negotiation.
- Use Class: E
- Partially Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Secure Storage
- DDA Compliant
- Private Restrooms
- Purpose-designed and built bar servery
- Attractive tiled canopy
- Excellent level of equipment and decor features
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
Property Facts
| Total Space Available | 1,379 SF | Gross Leasable Area | 2,336 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Restaurant |
| Total Space Available | 1,379 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,336 SF |
| Year Built | 1900 |
About the Property
The property itself forms the ground floor and lower ground floor of a large older-style mid-terrace property of traditional construction. The restaurant: All at ground floor and providing exceptionally spacious accommodation, with an internal frontage of some 22’ and an overall depth of about 62’7’’. The restaurant incorporates a purpose-designed and built bar servery with attractive tiled canopy over, plus a DDA WC facility, and is fully equipped for purpose to include full décor. Staircases lead down to lower ground floor where there is a kitchen measuring some 25’4’’ x 18’, plus further customer WCs, and extensive storage facilities including the beer cellar. A rear exit facility and staircase lead down to Guadalope Terrace, where our clients also own a single garage, which may be available by separate negotiation. Situated in a prominent and prime location within the High Street of Sandown, which in itself is a popular resort town, the business enjoys a good year-round trade, supplemented considerably during the seasonal months. Sandown itself is noted for its tourism facilities, including the ever-popular and exceptional beach and Esplanade.
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16 High St
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