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22 August 2017 | Restaurants

Award winning tea shop looking for a new owner

The popular and highly successful Old Thatch Tea Shop in the heart of the picture postcard Old Shanklin Village has been brought to the market by specialist property adviser Christie & Co.

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Located on the east coast of the Isle of Wight, Shanklin is one of the Island’s main towns and can be easily accessed via ferries from Southampton, Portsmouth and Lymington.

The attractive Grade II Listed tea shop, which is surrounded by independent shops and eateries, is ideally positioned being only a short walk from the popular main esplanade and offers a large selection of dishes from light bites to main meals, not forgetting the delicious cream teas – a popular choice with tourists.

The Old Thatch Tea Shop has a traditional cottage style interior with original exposed beams and open fire places and offers three distinctive trade areas catering for approximately 56 covers, ladies and gentlemen’s toilets, commercial kitchen, ancillary storage areas and two bedroom owners’ accommodation above the business.
A pretty, enclosed, paved garden lined with mature trees and shrubs is tucked away at the rear of the property and offers a fabulous quiet spot, attracting an abundance of tourists during the summer season who are keen to see the Fairy Garden.

Owners Pat and Charles, who are selling as they wish to retire, are proud winners of Island Life Magazine ‘Best Teashop and Gardens on the Isle of Wight’, Radio Solent ‘Best Teashop on the Solent’, Isle of Wight Garden in Bloom Silver Award and have been accredited with Tripadvisor’s Certificate of Excellence for the past five years.

Richard Wood of Christie & Co’s Winchester Office is handling the sale and comments, “This is a great opportunity to acquire a seasonal lifestyle business that has significant scope to grow.  As it is currently closed for six months of the year, there is ample opportunity for any new owner to open year round and encompass evening trade.” 

Christie & Co is seeking £650,000 for the freehold interest.