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Attractive Pub In Isle Of Wight For Lease

Isle of Wight, UK
Asking Price:
£39,950
Sales Revenue:
£312,000
Cash Flow:
Available on request

Free of tie - attractive pub with flat & trade garden - mostly wet trade with bar snacks - isle of wight (not seasonal)

Well located in a busy town on the Isle of Wight.

The Attractive Premises with timbered front elevation are held on lease from Punch Taverns, we are advised, for a term of 5 years from March 2019 at a rent of £38,300 per annum.
Advantageous terms with Landlord responsible for major repairs including roof.

Ground Floor:- Spacious Fully Open Bar Area with Service Counter (total seating for around 60 customers). Well Equipped Commercial Kitchen at first floor level with dumb waiter. First Floor Cloakrooms.

Outside:- Good Trade Garden for Summer use with outdoor furniture.

First Floor Accommodation:- Living Room. Two / Three Bedrooms. Bathroom.

EPC Rating:- D-89

We are advised that Takings average around £6,000 weekly. Books & Accounts available.

Price required for goodwill, lease, tenant’s fittings, fixtures, utensils & equipment:- £39,950 (price negotiable) - stock extra at valuation.

Property Information

Property:

Leasehold

Leasehold Type:
Existing

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