Key features
- Well located bar/restaurant premises in the heart of Seaview Village
- A rare opportunity to buy the premises in this highly regarded and popular sailing village
- Previously offering seating for around 60 covers plus bar stools and drinkers to the bar
- For Sale Offers in the region of £149,000 for the long leasehold interest (new leasehold to be created)
LOCATION
Located in the heart of Seaview, a popular yachting and holiday destination on the north east coast of the Island. Seaview sits midway between Bembridge and Ryde and this position allows the Bar/restaurant to draw on the resident population as well as the influx of high-spending visitors to Seaview in the ever-extending summer season. Set on the junction of Seaview High Street and Madeira Road in the centre of the village, the foyer is approached from the High Street with stairs leading down to the commercial accommodation.
DESCRIPTION
Accessed from Seaview High Street, a staircase leads into the lounge/bar. The public areas, which are fully air-conditioned, present well and are currently laid to cater for around 60 covers, plus seating to the bar itself. We understand the premises were licensed for 100 persons. The premises are serviced by Ladies and Gents toilet facilities and there is also a cloakroom for customer’s coats etc. The kitchen to the rear of the premises runs to circa 5.6 metres x 5.1 metres maximum. Due to lack of ventilation the kitchen can be run on electricity only with internal extraction filters, therefore the gas supply and meter have been removed. As per insurance no deep frying or naked flame pizza style ovens to be used. There is renewed lighting, new pump and new floor in the kitchen. Also new floor in the dining area. Some kitchen equipment in situ is included. May suit other uses subject to relevant consents.
TERMS
For sale with offers invited in the region of £149,000 for the long leasehold interest in the property.
A new long lease will be created for the sale.
UNIFORM BUSINESS RATE
Rateable Value: £8,300
2024/2025: 54.6p 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 01983 821000
VIEWING
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Dot Lucy on 01983 301 434.
E: gchambers@gullyhoward.com or dlucy@gullyhoward.com
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