£9,995

Pub/bar for sale

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Sold STC
Leasehold

Offers in region of

£9,995

Pub/bar for sale

Hulverstone, Isle Of Wight PO30

Local area information

Property location

Nearby amenities

  • Brighstone Church of England Aided Primary School 2.1 miles
  • Shalfleet Church of England Primary School 3.1 miles
  • Yarmouth IOW Ferry Terminal 4.5 miles
  • Lymington Pier Ferry Terminal 8.1 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Characterful countryside hostelry, set on the picturesque South-West coast of the island
  • 80-100 seat restaurant plus plenty of outdoor space. Up to 50% rent reduction to assist new tenants to develop their business
  • Property also benefitting from accommodation over the pub so could suit an owner-occupier setup
  • £9,995 to include lease, fixtures & fittings. Flexible terms available to assist a tenant to become established
Location

The Sun Inn is located between the villages of Brook and Brighstone, in the hamlet of Hulverstone which is elevated from sea level and therefore benefits from far-reaching views of the countryside reaching out to the English Channel. The property is the closest pub to the very popular South-West Compton Bay beach, and is near the famous Military Road, being the main road connecting the West of the Island to the South.

Description

The original thatched building is thought to date back some 600 years and it is known that an Ale House was on this site in 1816. The bar area is highly characterful with features including a mixture of raised flagstone and stripped wood flooring, exposed stone and brick walls, window seats and an Inglenook fireplace with log burning stove inset. There is seating for around 35 diners and drinkers. The connected restaurant area to the rear was completed in 2005, and is laid to cater for circa 80 covers, but could accommodate more if required. The premises is supported by Ladies and Gents WC facilities plus a disabled WC and baby-changing facility. The commercial kitchen is extensively equipped, comprising kitchen/preparation/wash-up area, utility/store-room and an integrated walk-in chiller, plus staff WC facility. Please see floor plan for further details. There are plenty of tables in the pub gardens, which are predominantly laid to lawn and enclosed by hedgerow, with some flower and shrub beds, and a children’s play area. More photographs available on request.

The Business

Operated successfully by our client since 2015, The Sun Inn is undoubtedly a food-led concern. There is, however, a significant and enthusiastic local following including groups meeting regularly. There is regular live music and other entertainment, particularly during the summer months. Detailed accounting information available for inspection to bona fide applicants following viewing of the premises.

Owner's Accommodation

The accommodation consists of a bedroom, lounge, bathroom, and kitchen, meaning that the property could lend itself to an owner-occupier setup. We understand that the flat falls into Council Tax Band A.

The Lease

Assignment of the lease, with 17 years to run from its renewal in 2019. The premises is free from any tie.

Terms

£9,995 to include lease and Fixtures and fittings and flexible terms available to assist a tenant with the drive and determination to drive their business and create a new life on the Island. “Try before you buy” option available, and up to 50% reduction in rent for the first couple of years possible subject to terms.

Uniform Business Rate

Rateable Value: £29,500

2023/2024: £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

under no circumstances should any direct approach be made as the staff will be unable to assist

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Gully Howard. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Gully Howard for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Isle of Wight
  4. Newport
  5. Hulverstone

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