The Copper Kettle

LOCATION
Beautifully presented café situated in a prominent position on Shanklin High Street.

The Copper Kettle is ideally located between Shanklin Old Village and Regent Street benefitting from high footfall and trade.

Shanklin has a population of just over 9,000 and is a seaside resort but benefits from tourists all year round. The town also offers the first stop for the Island's train and is within easy reach of other towns including Ventnor, Sandown and Ryde accessed via the main A3055.

DESCRIPTION
Entrance from the High Street with pavement seating for 11 covers. The café has a pavement license. Indoor seating area of circa. 27 sq m with approx. 23 covers. Decorated in a contemporary style to give a light, bright feel. Serving counter and chiller cabinet.

Kitchen (approx. 11 sq m) with a range of commercial catering equipment and extraction (a full inventory will be provided).

WC for customer use.

Stairs down to storage area (approx. 13 sq m) and one bedroom apartment.

Apartment
Kitchen with range of fitted units (approx. 11 sq m). Bedroom with sitting area (approx.17 sq m) and en suite bathroom.

Access to the car park at the rear of the property. The car park is accessed via Orchardleigh Road and there are two parking spaces allocated to the Copper Kettle. There is also a double garage included in the lease for the premises.

The Business
The current owners have traded the business since 2017 and open 7 days a week. A wide range of food and drink is offered including their very popular roast dinners. The premises are licensed.

They currently choose to close at 2:30pm each day so there is scope to increase trade if necessary by extending the opening hours. Trading figures are available for bona fide applicants.

The Copper Kettle is offered with the balance of a new 10 year lease granted in 2025. Rent payable is £11,450 + VAT per annum to include buildings insurance.

TERMS
Our clients are asking £55,000 for the assignment of the lease, fixtures, fittings and goodwill.

OUTGOINGS
The VOA shows a rateable value of £6,800. Estimated rates payable will be circa £3,700 without any applicable relief. Please direct any enquiries to the Valuation Office Agency.
The apartment is rated Band A for council tax.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact on or .