Toto's Restaurant
- SIZE
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- SECTOR
Restaurant to lease
Lease details
- Lease available date:
- Ask agent
Description
LOCATION
Located in St Thomas Square in the heart of Newport, the Island's County Town and supported by many other eateries, bars, take-aways and specialist retailers.
Newport is the Island's county town and undoubted commercial centre. The immediate population is around 25,000 with a catchment of around 60,000 when operating as the comparison shopping centre for the entire Island population of around 140,000. Continued investment in the town, most recently from Mountain Warehouse, ensures its importance as a retail and leisure centre.
DESCRIPTION
Restaurant and Bar well known and highly regarded with a reputation for providing good quality Italian cuisine in a relaxed atmosphere.
The restaurant currently operates with 60 covers inside and has a Licence for a further 60 covers outside.
The premises at present is in very good condition with contemporary décor and fixtures.
There is a fully equipped commercial kitchen which has a full extraction system in place.
TERMS
Available by way of a sub-let, with either £25,000 ingoing premium and a rent of £35,000 per annum OR £ZERO ingoing premium and a rent of £45,000 per annum.
OUTGOINGS
Rateable Value: £23,000
2025/2026: 55.5p 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
VIEWING
Strictly by appointment with the agents. Call Lisa Mercer or Charlie Dickson on or email
Brochures
Toto's Restaurant
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Smallbrook Junction Station6.1 miles
Notes
Disclaimer - Property reference 101276042336. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hose Rhodes Dickson, Newport. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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