A picturesque and well known property being well located in Shanklin Old Village that is one of the prime tourist attractions on the Isle of Wight. We believe The Cottage dates back to 1750 and was originally a Farmhouse that has been run as a successful Tearoom Restaurant for many years. The property still retains much of its original charm and character and incorporates a 3 Bedroom Owners accommodation on the first floor. The commercial aspect of the property can cater for approximately for 88 covers (44 inside and 44 outside) and is being offered on a vacant possession basis and it should be noted that it was most recently let at a figure of £1,600 per calendar month (with an ingoing premium of £25,000 for 3 years).
The premises are located at the front of the property and the whole building is extremely visible as it is located on the main route around the Island and nearby there is a large public car park being an approximate 100 yards from the entrance.
The business is to be sold as a lock up to include furniture, fixtures, fittings and equipment, apart from the owner's personal effects. The accommodation is warmed by gas fired central heating and comprises:

ENTRANCE PORCH/CONSERVATORY - 18’ X 5’9 (5.5m X 1.76m)

INNER HALL - 18’7 x 7’3 (5.67m x 2.21m) with door and stairs to first floor private accommodation.

ROOM 1 - 12’7 x 12’9 (3.85m x 3.89m)

ROOM 2 - 14’5 x 13’ (4.39m x 3.98m) plus Bar Area

CUSTOMER’S WC

KITCHEN/PREPARATION AREA

KITCHEN/COOKING AREA - as seen. Door to:

COVERED YARD AREA - which is used for additional equipment and storage. It also has a pedestrian access to the shared side path which leads to the High Street.

FIRST FLOOR - PRIVATE ACCOMMODATION

LIVING ROOM - 13’ x 12’6 (3.96m x 3.81m) with sliding patio door giving access to large roof balcony which has a Southerly aspect and located over the Kitchen Cooking Area and has a staircase leading down to the yard area on the Ground Floor.

BEDROOM 1 - 13’3 x 12’7 (4.04m x 3.84m)

BEDROOM 2 - 13’1 x 13’1 (3.99m x 3.99m)

BEDROOM 3 - 8’ x 7’6 (2.44m x 2.30m )

BATHROOM - with bath, basin and airing cupboard. Separate WC with low flush suite.

OUTSIDE - The front Terrace covers the whole of the frontage of the property and is laid mostly to paving with some flower and shrub borders.

TENURE - Freehold

SERVICES - All mains connected.

COUNCIL TAX - Band B. Can be confirmed by the Isle of Wight Council ).

UNIFORM BUSINESS RATE - £7,500 We understand that 100% relief could be obtained from business rates if this was an owner’s sole business.

Price: £445,000 - to include fixtures & fittings and equipment apart from the vendor’s personal effects.

VIEWING STRICTLY BY APPOINTMENT THROUGH ARTHUR WHEELER ESTATE AGENTS