Restaurants in SO31 available for sale
2

Restaurants for Sale near SO31, Southampton

Restaurants for Sale Within 10 miles of the SO31, Southampton

More details for 55 Cross St, Cowes - Retail for Sale

55 Cross St

Cowes, PO31 7TA

  • Retail for Sale
  • £725,000
  • 1,152 sq ft

Cowes Retail for Sale

Freehold Title (IW7260). Guide price £725,000. The property will be sold with vacant possession upon completion. Fixtures and fittings which are owned outright by the vendor can be acquired by separate negotiation; stock can also be purchased in addition at valuation on completion of a sale. Description The property comprises of two distinct attached buildings with the restaurant being single storey with rendered and painted elevations under a flat roof. The living accommodation is single storey converted Victorian penny day school of stone construction under a pitched slate roof. To the rear, unique for this area, is a landscaped multi terrace garden. Commercial Space The contemporary, bright and vibrant interior benefits from a long glazed return frontage with bi-fold doors. Currently the configuration provides an open plan kitchen and fitted bar servery with a separate preparation and wash-up room. The customer space features an open plan dining area for 30 customer seats (100 standing for functions) and soft seating. The fixtures and fittings are primarily of a high end design and include Corian worktops and a Dik Guerts log burner. Approximate GIA 1,152 sq ft. Living Accommodation The residential element to the property is highly desirable. This former school house has been extensively renovated, retaining some of the original features. An open plan living space with bespoke kitchenette including Quooker tap, a large bedroom, modern bathroom, separate utility room and a substantial mezzanine area. Approximate GIA 1,672 sq ft. External The space here is totally unique for the area, with two interconnected walled terraced areas which can be used as commercial or private spaces. These areas are designed in a Mediterranean style; features include paved and artificial grass ground cover, concrete outdoor kitchen, composite decking and white washed walls. The Business The business for the past 13 years of ownership, has become renowned across the Island as a bar, restaurant and events venue, but could lend itself to wide range of commercial orientated uses. Moocow is a sustainable “lifestyle business” currently operating just two days of the week; there is scope to extend trading days to meet demand. Please visit the Moocow website for more information. EPC, Services & Rates EPC C - 69. We understand all mains services are connected. The 2023 Rateable Value is £7,600. This is not the rates payable. Council Tax Band C. Premises Licence The property benefits from a premises licence granted by Isle of Wight Council (number 052042) which permits the sale of alcohol daily 10:00 - 00:00.

Contact:

Savills

Property Subtype:

Restaurant

Date on Market:

07/07/2025

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More details for Winchester Rd, Waltham Chase - Retail for Sale

The Anatolian - Winchester Rd

Waltham Chase, SO32 2LL

  • Retail for Sale
  • £625,000
  • 2,458 sq ft
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FAQs About Restaurants For Sale in SO31

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How many restaurants are currently available for sale in SO31?
There are currently 0 restaurant properties available for sale. Sizes range from to , with an average size of.
How much does restaurant property cost in SO31?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, trading potential, fit-out quality, size and local demand.
What factors influence restaurant property values?
Location, footfall, visibility, accessibility, seating capacity, kitchen facilities, extraction systems and trading history can all influence value. Properties with established fit-outs or strong trading locations may attract additional buyer interest.
What sizes of restaurant property are available?
Available properties range from to , with an average size of. Opportunities may suit independent operators, expanding hospitality businesses and larger restaurant groups.
What should I consider before buying a restaurant property?
Important considerations include location, customer footfall, visibility, kitchen specification, extraction systems, storage space, licensing requirements, accessibility and future operating costs. Buyers should also assess the property's suitability for their concept and target market.
Can I buy a fully fitted restaurant?
Some restaurant properties are sold with an existing fit-out, including kitchen equipment, extraction systems, seating areas and customer facilities. Others may require refurbishment or a complete reconfiguration before opening.
Do restaurant properties require specific licences?
Depending on the intended operation, licences may be required for alcohol sales, late-night trading or entertainment. Buyers should verify existing licences and understand any local authority requirements before completing a purchase.
Can I change the use of a restaurant property?
Many restaurant properties fall within Use Class E, which may allow flexibility between restaurant, café, retail, office and other commercial uses. However, any proposed change should be confirmed with the local planning authority.
What due diligence should I carry out before buying?
Buyers should review planning permissions, licences, title documents, building condition reports, environmental matters and any existing operational infrastructure. Professional legal and surveying advice is recommended before proceeding.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance, refurbishment works and any upgrades required to meet operational or regulatory standards.
Can restaurant properties be attractive investments?
Restaurant properties can generate income through occupational leases and may benefit from strong locations with consistent customer demand. As with any investment, buyers should assess tenant quality, lease terms, local market conditions and long-term growth prospects.

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