£280,000

Pub/bar for sale

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Just added
Business

£280,000

Pub/bar for sale

Victoria Street, Ventnor PO38

1 sq. ft

Local area information

Property location

Nearby amenities

  • St Catherine's School (SEN) 0.3 miles
  • The Island Free School 0.8 miles
  • Shanklin 2.8 miles
  • Lake 3.9 miles

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

Read our area guide for Ventnor to find out more about the local area.

Features and description

  • Prime location
  • Award winning pub
  • Charming and eclectic atmosphere
  • Ideal for owner occupier
  • Home with an income
  • Profitable business
  • Rich in history and cultural significance
The Volunteer Inn: A Unique and Profitable Opportunity

Description:
The Volunteer Inn offers a cosy, inviting atmosphere with seating for up to 30 covers at the front and rear of the bar, plus space for 6-8 patrons at the bar itself. The pub exudes character with stripped wooden floors, feature fireplaces, and eclectic décor crafted by the current landlord, making it a unique and welcoming space. The social atmosphere is further enhanced by the darts and rings teams. To the rear, you'll find ladies' and gents' WC facilities, a substantial cellar, a recently created small kitchen area, and additional storage space in the basement. There is also an outdoor yard for bin storage and deliveries. Please refer to the floor plan for further details.

Location:
Situated in a prime location on Victoria Street, just a stone's throw from Ventnor's bustling town centre, The Volunteer Inn is perfectly positioned in a high-density residential area with excellent access to amenities. Several Council-operated car parks are nearby, and there’s roadside parking directly outside the pub. The town has undergone significant investment, including the addition of a Tesco Express in the High Street and development around the picturesque Esplanade, which now features a small harbour. With a population of approximately 6,000, Ventnor attracts a large number of visitors, especially during the extended summer season, thanks to its renowned Music and Arts events and a growing selection of high-quality eateries and cultural attractions.

Owners' Accommodation:
The first-floor, 2-bedroom owners’ accommodation is accessible separately and has been extensively renovated and decorated by the current owners, providing a comfortable living space above the pub.

History:
The Volunteer Inn has a rich and fascinating history, dating back to 1866. It is an island institution and has also served as the base for the famous Ventnor Comic Jazz Band, adding to its cultural legacy.

Premises Licence:
The current premises licence (IW050900) permits the sale of alcohol from 11am to midnight, 7 days a week. It also allows live and recorded music from 7pm to midnight, Monday to Saturday, and from 7pm to 10:30pm on Sundays.

The Business:
The pub is a highly profitable business, currently achieving a gross profit of approximately 52% of turnover. Full accounts are available to bona fide applicants following a viewing of the premises.

A Unique Opportunity for Owner-Occupiers:
The Volunteer Inn presents a fantastic opportunity for an owner-occupier, with a spacious 2-bedroom flat above the pub, offering comfortable living space while managing a successful and established business. The pub’s charming and eclectic bar area spans approximately 40.1m² (431ft²), providing a cozy yet vibrant atmosphere, complemented by a well-maintained basement and WC facilities.

Terms:
Offers are invited in the region of £280,000 for the Freehold, Business, Goodwill, and Trade Fixtures and Fittings.

Uniform Business Rate:
The Rateable Value is £4,750 for the 2024/2025 year, with a rate of 54.6p without small business relief. Interested parties should verify any potential rate liability or concession by contacting the Isle of Wight Council’s Business Rates team at .

Council Tax:
The flat above the premises is in Council Tax Band A.

To view:
Strictly by appointment through the vendors sole agents 01 Estate Agents
Disclaimer

We have not tested any fixtures, fittings, appliances or services, including any central heating system and we cannot therefore guarantee that these are in working order.
1) Items shown on photographs in these particulars do not imply that they are included in the sale.
2) Tenures are unconfirmed unless stated otherwise.
3) Floor plans are not to scale and are for guidance as to the arrangement of accommodation only.
4) All measurements are approximate.
5) Internal square footage measurements are approximate and do not include hallways, bathroom/shower rooms or WCs

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

Property descriptions and related information displayed on this page are marketing materials provided by - 01 Estate Agents. 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 01 Estate Agents for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Isle of Wight
  4. Ventnor
  5. Victoria Street