Restaurants in Isle Of Wight available to rent
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Restaurants to Rent in Isle Of Wight

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Retail / Shops All Commercial Spaces in Isle Of Wight
More details for 14a St Thomas Sq, Newport - Retail to Rent

Charter House - 14a St Thomas Sq

Newport, PO30 1SL

  • Retail to Let
  • £27,000 pa
  • 1,194 sq ft
  • 1 Unit Available Now
  • Air Conditioning
  • Security System

Newport Retail to Rent - Newport, Isle of Wight

Charter House is located in St Thomas Square, adjacent to St Thomas Church and supported by many eateries and specialist retail units. Newport is the Island's undoubted commercial centre with an immediate population of around 25,000 and an adjusted catchment of circa 60,000 when Newport operates as the comparison-shopping centre for the entire Island population of around 130,000. Continued investment in the town from Boots, Clinton Cards, The Card Factory, Costa Coffee, The Works, Bet Fred and J D Wetherspoon ensures its importance as a retail and leisure centre.

Contact:

Gully Howard Commercial

Date on Market:

24/02/2025
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LoopNet UK Restaurants To Rent in Isle Of Wight, UK

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Frequently Asked Questions About Renting A Restaurant in Isle Of Wight

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What should I consider before renting a restaurant?
Consider the location, footfall, nearby competition, size of the premises, kitchen facilities, extraction systems, licensing, business rates, and whether the layout supports your concept. Planning permission and permitted use are also key.
What is the typical lease length for a restaurant?
Most restaurant leases in the UK are between 5 and 15 years, often with a break clause or rent review after a set period. Short-term lets or pop-ups may be available in some areas.
Do I need planning permission to open a restaurant?
Yes, the premises must have the correct planning use class. Restaurants typically fall under Use Class E (formerly A3). If the premises does not have the correct use, you may need to apply for a change of use through the local council.
What licences do I need to operate a restaurant?
You will need a premises licence if you plan to serve alcohol, play music, or trade late. A food business registration with the local authority is also required before opening.
Are business rates included in the rent?
Usually not. Business rates are typically paid separately by the tenant. However, some landlords may offer rent packages that include rates or service charges. Always confirm what's included.
What is key money and is it common?
Key money is an upfront payment for securing a sought-after lease, often in high-demand areas. It can include fixtures, fittings, goodwill, or lease assignment value. It's more common in established restaurant areas like London or city centres.
Can I take over an existing restaurant?
Yes. Many restaurant premises are offered as lease assignments or with existing fit-outs. This can save on setup costs, but make sure to review existing equipment, licences, and obligations under the lease.
What should I check in the lease agreement?
Check repair obligations, permitted use, rent reviews, service charges, signage rights, and whether you can make alterations. Always seek advice from a solicitor familiar with commercial leases.
Can I renovate or fit out the restaurant space?
Generally yes, but you’ll need the landlord’s written consent for significant changes. Some premises come with a ready-to-use fit-out, while others are let as a blank shell.
How much does it cost to rent a restaurant in Isle Of Wight?
Rental prices vary by area and size. Prime high street or city centre locations command higher rents, while fringe or suburban areas are more affordable. Additional costs include fit-out, licences, deposits, and business rates.
How do I find a restaurant to rent in Isle Of Wight?
Search on LoopNet, and contact agents who specialise in hospitality and leisure property.

Find More Restaurants to Rent in and Near to Isle Of Wight on LoopNet

Isle Of Wight Restaurant Rental Market Summary

Key rental metrics for Restaurants in Isle Of Wight and comparable markets. This snapshot combines rental rates and typical space sizes to provide a comprehensive view of the rental market.

Market Avg Rent Per Sq Ft Typical Size
Newport, Isle Of Wight £17 1,194 sq ft
Shanklin £11 645 sq ft
Sandown £7 730 sq ft
Southsea £12 1,844 sq ft

Rent Analysis for Isle Of Wight Area

Compare rental rates per square foot across cities near Isle Of Wight. These rates help establish market benchmarks and identify opportunities for tenants and landlords in the commercial rental market.

City Min Rent Per Sq Ft Avg Rent Per Sq Ft Max Rent Per Sq Ft
Newport, Isle Of Wight £17 £17 £17
Shanklin £11 £11 £11
Sandown £7 £7 £7
Southsea £9 £12 £15

Available Restaurant Sizes Near Isle Of Wight

Overview of Restaurant sizes currently available in the Isle Of Wight area. Understanding the typical size range helps narrow your search based on space requirements and operational needs.

City Smallest Space Typical Size Largest Space
Newport, Isle Of Wight 1,194 sq ft 1,194 sq ft 1,194 sq ft
Shanklin 645 sq ft 645 sq ft 645 sq ft
Sandown 730 sq ft 730 sq ft 730 sq ft
Southsea 1,603 sq ft 1,844 sq ft 2,085 sq ft
Portsmouth 2,062 sq ft 2,955 sq ft 3,848 sq ft

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