0 Bed Restaurant To Rent

Description
The property comprises the ground, first and second floors of a three storey semi-detached building with part rendered brick and part exposed brick elevations beneath a pitched tiled roof.

Location
Located on the Isle of Wight in the centre of Newport which is considered the commercial hub of the island and is approximately 5.0 miles (8.0 kilometres) to the south of Cowes and 6.0 miles (10.0 kilometres) to the south west of Ryde which provide regular ferry services to the mainland.
Toto is situated in the centre of Newport on the corner of Pyle Street and the pedestrianised St Thomas Square. The area is predominantly retail in form.

Accommodation
Ground Floor: The ground floor comprises a recently refurbished restaurant area with small bar servery and seating on loose tables and chairs for 40 covers. Ancillary areas include an open plan theatre style trade kitchen and ancillary stores to the rear.

First Floor: The first floor provides an additional restaurant area with seating for 24 customers, customer WC’s, and a disused prep kitchen.

Second Floor: The second floor comprises offices and ancillary stores.

Externally: There is external seating to the front elevation operated byway of a pavement licence for 30 customers.

Tenure
23,000The property is held freehold (Title Number IW49564) with a new lease available on the entire property.

Rateable Value
2023 Rateable Value - - £23,000

Planning
The property is not listed but it is situated in the Newport Isle of Wight Conservation Area.

Licensing
The Property has the benefit of a Premises Licence in accordance with the Licensing Act 2003. The premises are permitted to sell alcohol 09:00 to02:00 daily.

EPC
D-78.

Terms
Guide rent of £30,000 per annum for a new free of tie lease on terms to be negotiated.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective tenants. Prospective tenants will need to provide proof of
identity and residence.