Pub/bar for sale in Sandown Road, Lake, Isle Of Wight PO36
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Substantial detached building in a prominent location close to the Merrie Gardens retail park
- The ground floor benefits from planning permission for conversion to 3 separate flats under planning reference 21/01784/ful
- The upper floors are currently let out and are generating an income of circa £21k per annum
- Freehold interest of the whole building for sale, with offers invited "in the region of" £395,000
Property description
Location
Sandown and Newport Road and around the corner from the new Merrie Gardens Retail Park. These two major arterial roads link the Sandown-Shanklin-Lake conurbation with the major towns of Newport, Ryde and Cowes. They also provide easy access to the car ferry links from Cowes and Ryde to Southampton and Portsmouth and there is a train service from Lake which links through to Shanklin, Sandown and Ryde with its fast passenger links to Southsea and Portsmouth, highly popular with day trippers during the tourist season. The resident population of the area is around 19,500.
Description
Ground floor former pub/restaurant area runs to circa 88m2 (947 ft2) including the bar which is mainly open plan. There is a children's room/function room to the rear of the premises with a small kitchen and ancillary storage area. The public areas are supported by ladies and gents toilet facilities.
Basement
The basement area runs to circa 39.16 m2 (422 ft2) max. The cellar and boiler are located at this level
Outside
There is a raised terrace to the front of the property and limited parking off the Newport Road.
Residential Accommodation
The residential accommodation on the upper floors is currently let out and comprises 3 bedrooms, lounge, kitchen and bathroom. This area is separately accessed and could provide letting accommodation, manager's/owner's flat.
Planning Permission
The building benefits from planning permission to convert the whole building into residential accommodation. Details of this Planning Application can be found on the Isle of Wight Council's planning website: Under reference 21/01784/ful
Terms
The freehold interest of the whole property is for sale with offers invited "in the region of" £395,000
Uniform Business Rate
Rateable Value - £10,200 (Public House and Premises)
2022/2023 - £0.512p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on .
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on . E: Or .
Property info
For more information about this property, please contact
Gully Howard, PO38 on +44 1983 507984 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gully Howard, and do not constitute property particulars. Please contact Gully Howard for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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Suite 11, Salisbury Gardens, Dudley Road, Ventnor, PO38 1EJ