Thriving Restaurant Bar In The Old Village For Sale

Business description

Beautifully refurbished 40 cover restaurant with seating for a further 48 outside

Exceptional business location only available due to ill health

Holiday or owner's accommodation above

Priced to sell swiftly at "offers in the region of" £499,950 for the freehold premises, fixtures, fittings and goodwill plus stock at valuation

Property information

Property:

Freehold

Living accommodation:

Perhaps best illustrated by the floor plan overleaf, but may be described as 3 bedrooms, a family bathroom, lounge, separate w.c. and sun deck. It is important to note that we understand there to be current planning permission to extend an area of the first floor which will allow the existing bathroom to be fitted as a kitchen. In our opinion, utilising the external staircase to provide a separate access, would be ideal and potentially provide valuable holiday letting accommodation.

Location:

Shanklin Old Village has been a consistent magnet for tourists since Victorian times. A collection of pretty period buildings grouped around the head of Shanklin Chine form one of the most important tourist destinations on the Island. Shanklin is the most important town on the Island's south coast and serves as a centre for day to day needs for the Sandown-Shanklin-Lake conurbation of around 19,500 people and, most importantly to Legends, has an enormous influx of tourists during the season to the large numbers of guest houses and hotels set around the sandy beaches of Sandown Bay and is hugely popular with locals.

Premises details:

Thought to be mid 18th Century and formerly known as "Providence Cottage", the building offers the unusual combination of Olde Worlde charm and a practical use of its space. The dining area is approximately 47m² (505 ft²) including a conservatory dining area to the front of the premises. Currently laid to cater comfortably for 40 covers, Legends is currently a themed venue with stained wood flooring, a wealth of exposed ceiling and wall beams. To the rear of the premises, are a a fully operational bar, kitchen and preparation areas together with toilet facilities. An external courtyard completes the commercial accommodation.

OUTSIDE
An elevated paved terrace allows for a further 48 external covers.

Business Operation

Expansion potential:

It should be noted that in our opinion there is ample potential to trade the business longer hours during the day and evening.

Reasons for selling:

Available due to ill health

Trading hours:

12 midday to 2.30pm and 5.30pm to 8.30pm