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9 Regent St 300 SF of Assignment Available in Shanklin PO37 7AF
Assignment Highlights
- Situated in a busy location within Shanklin
- High footfall
- Great transport links
- Small rear yard area and pedestrian access
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 300 SF | Jan 2034 | $62.09 CAD/SF/YR $5.17 CAD/SF/MO $18,627 CAD/YR $1,552 CAD/MO | Fully Repairing & Insuring |
Ground
A popular Leasehold burger takeaway, available now to purchase within the main shopping street of this ever-busy resort town. We are advised that the property is held on the balance of a 15-year lease with approximately 7 years unexpired, at a passing rent of £10,000 p.a.x. The lease is, we understand, within the security provisions of the Landlord & Tenant Act 1954, Part II. Price guide £30,000 Leasehold, to include the benefit of the lease, fixtures, fittings, equipment and goodwill. SAV. The business: Established in this location for approximately 8 years, and offered for sale on a leasehold basis, subject to the existing lease and fully equipped as a going concern. We understand that the premises also hold a restaurant alcohol licence. An inventory of fixtures, fittings and equipment will be prepared on the occasion of a sale. Turnover and accounts can be discussed with bona fide applicants and their professional advisors, subject to signature of a confidentiality statement. A copy lease may also be available in due course. Stock will be sold separately at valuation upon completion.
- Use Class: E
- Assignment space available from current tenant
- Partially Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Secure Storage
- Private Restrooms
- 300ft² (27.87m²) net sales
- Main kitchen of some 18’ x 10’
- Ancillary space
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 | 300 SF | Gross Leasable Area | 752 SF |
| Property Type | Retail | Year Built | 1870 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 300 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 752 SF |
| Year Built | 1870 |
About the Property
Built in 1870, this property comprises 645 sq ft of retail space. The property comprises a mid-terraced building of masonry construction arranged over three floors offering retail accommodation on the ground floor. ‘Front of House’ has an internal frontage of some 14’3’’ x an initial depth of 20’8’’ maximum, to provide approaching 300ft² (27.87m²) net sales, to incorporate the recessed frontage. This area incorporates some customer seating. Beyond this is the main kitchen of some 18’ x 10’ and offered fully equipped, an inner hall with under-stairs storage cupboard, and leading to a further inner hall with fire exit to the side. Further ancillary space includes a storage/prep area of 11’ x 9’9’’, a wash-up area of 10’10’’ x 8’, a staffroom/office of some 10’ x 8’2’’ with sink, worktop and two rear WC facilities. The property is situated in a busy location within Shanklin, which in turn enjoys a good year-round trade, supplemented considerably by tourism. The town is noted for its high number of hotels and other holiday accommodation, all sitting above Sandown Bay. Shanklin’s Esplanade and beach are within easy reach, and the town benefits from a wide variety of facilities within its boundaries, including the popular Shanklin Chine and Shanklin Theatre.
- Security System
- Air Conditioning
Presented by
9 Regent St
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