Eastcliff Road, Shanklin

An opportunity to acquire a lifestyle business with a Home, namely Laburnum Cottage, a well known and established Tea Room that is superbly located in the popular and picturesque Shanklin Old Village which is popular with locals and tourists. Nearby, is the High Street area of the Town, Rylestone Gardens and the Big Mead recreation area. The current owners have owned the property for approximately 22 years and due to their retirement plans have now decided it is time for someone else to take on the next chapter at the property. They currently operate from approximately Easter time until the end of October and we feel there is scope to expand and increase the business if so desired. In total, the business currently caters for approximately 63 covers, approximately half being inside and the other half being in the Garden area. The business will be sold fully equipped and an inventory of the items included will be provided once a sale has been agreed. We understand the picturesque building dates back to the late 1700’s and has stone elevations under a slate roof. Benefits include gas fired central heating and part double glazed windows. It comprises:-

Entrance Hall -

Lobby Area -

Cloakroom -

Tea Room Two - 3.86m x 4.01m (exclusive of bay area) (12'8 x 13'2 -

Tea Room One - 4.01m x 4.04m (exclusive of bay area) (13'2 x 13'3 -

Serving/Takeaway Area - 3.45m x 3.63m (11'4 x 11'11) -

Prep Area - 4.32m x 2.26m (14'2 x 7'5) -

Kitchen - 3.33m x 3.15m (exclusive of recesses) (10'11 x 10' -

Utility Area - 3.15m x 3.10m (10'4 x 10'2) -

Stairs Leading To -

Sitting Room - 4.04m x 4.04m (13'3 x 13'3) -

Bedroom One - 4.34m x 4.04m (14'3 x 13'3) -

Bedroom Two - 3.45m x 3.23m (11'4 x 10'7) -

En-Suite Shower Room -

Bedroom Three - 4.06m x 2.21m (13'4 x 7'3) -

Bathroom/Wc -

Outside - To the front of the property there are tables and chairs catering for up to 32 covers.

Services - All mains are available.

Tenure - Freehold (To be confirmed)

Council Tax - Council Tax Band C (Can be confirmed on the Government website)

Uniform Business Rate - £3,600. We are advised by the Isle of Wight Council that the payable rate in the pound is 0.499 which equates to £1796.40 for the year 2022/23. We further understand that the business may be available for small business exemption rate relief, please check with the local authority.