£269,499

Pub/bar for sale

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Business
Freehold

Offers in region of

£269,499

Pub/bar for sale

Atherley Road, Shanklin, Isle Of Wight PO37

Local area information

Property location

Nearby amenities

  • Shanklin 0.2 miles
  • Gatten and Lake Primary School 0.3 miles
  • St Blasius Shanklin CofE Primary Academy 0.4 miles
  • Lake 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Shanklin to find out more about the local area.

Features and description

  • Freehold
  • Located amongst other fast food outlets and close to many Hotels, Self-Catering Apartments and the Beach
  • Well established business, with separately accessed accommodation over
  • Presents like new due to Ground Floor total refit after fire approximately 2 years ago
  • For sale, with offers invited “in the region of” £269,500 for the freehold of the building, goodwill, fixtures and fittings.
Location

Aj's Takeaway enjoys an excellent location for the trade, being on Atherley Road amongst many other eateries such as Dragon Pearl and Mr t's. It is also close to the junction with Hope Road, leading to Shanklin's highly popular sandy beaches and the Esplanade with its many tourist attractions. It sits amongst a cluster of hotels, guest houses and holiday apartments and being adjacent to other popular take-away outlets, the business is well placed to capture trade from the surrounding residential estates and holiday makers alike. There is a Council Car Park virtually opposite facilitating easy parking for customers. Shanklin is the Island's major town on the south coast and serves as a day-to-day needs centre, particularly for the Sandown, Shanklin and Lake. The sandy beaches and leisure facilities within this area ensures high numbers of visitors and tourists, and boosts the local population of around 19,500.

Description

The property has a new glazed frontage to Atherley Road of around 4.1 metres and servery/waiting area of approximately 20m2 (215 ft2). There is also a customer seating area and the whole area presents as new due to the recent fit-out following a fire several years ago. In addition there are 2 preparation and wash-up areas to the rear of the premises, together with an office and WC facility. The property also benefits from a side access and a parking space for one vehicle. Please see floor plan for further details.

Residential Accommodation

Able to be accessed internally and separately accessed externally, stairs give access to the first floor accommodation which comprises bedroom, lounge, domestic kitchen and bathroom.

The Business

Aj’s Takeaway has long existed as a traditional Fish and Chip Shop Takeaway and the current owners have invested significantly in the premises and business to create what is now a highly popular, profitable business. The opening hours are currently 5-8pm Monday to Thursday, and 4.30 to 8.30pm Friday and Saturday. In our opinion it offers an opportunity to new owners/operators to "live in" or to rent the flat out, producing additional income. The flat has previously been rented at £460 per calendar month. I.e. £5,400 per annum some time ago. Rents have increased since then so it may be able to rent it for more in the current environment.

Terms

For sale, with offers invited “in the region of” £269,500 for the Freehold, Goodwill, Fixtures and Fittings.

Uniform Business Rate

Rateable Value: £2,450

2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on

Council Tax

The flat is within Band A for Council Tax.

Viewing

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ.

Call Gavin Chambers or Dot Lucy on . E: Or

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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  1. Zoopla
  2. Commercial for sale
  3. Isle of Wight
  4. Shanklin
  5. Atherley Road