Key features
- Substantial premises which have received serious investment in recent years & opposite to the entrance to Osborne House
- Ground Floor commercial premises run to in excess of 200m² (2,152 ft²)
- Successful ground floor pub with dining and benefitting from substantial car park plus 9 Bed & Breakfast Rooms over
- Freehold for sale, with offers invited in the region of £498,000
Location
Located adjacent to the entrance to Osborne House in East Cowes and on the only main arterial route into the town, The Prince of Wales sits in a highly prominent corner position with thousands of visitors passing by visiting the former home of the Queen of England plus high volumes of traffic to and from the ferry terminal. East Cowes has a population of around 7,000 and has seen considerable investment on employment facilities, extensive development by Barratt Homes and improvements to the Marina. Most recently Red Funnel are upgrading their ferry terminal. East Cowes is now perceived as a growth town.
Description
A substantial building arranged over three floors comprising ground floor bar, dining room, commercial kitchen, cellar, toilet facilities etcetera. The entrance lobby for the Hotel leads to a staircase to the 9 bed and breakfast guest rooms over. (Please see floor plan overleaf for further detail). The ground floor runs to in excess of 200m² (2,152 ft²) having recently been extended to the rear. The main bar and dining room off run to approximately 105m² (1,130 ft²) with the dining room currently catering for around 30 to 40 covers, plus extra coach house for private functions.
Upper Parts / Bed & Breakfast Guest Rooms
The Prince of Wales offers extensive accommodation with nine guest rooms which are all en-suite and a mix of single, double, twin and family rooms. All have been fully modernised and upgraded in recent years and present in very good order.
Outside
Substantial Car Park which can accommodate circa 25 vehicles or several coaches, if required. In addition, there is a Barn/Function Room with Bar area, staging and lighting plus an outside barbecue area and bench seating.
Terms
Freehold for sale, with offers invited in the region of £498,000
Uniform Business Rate
Rateable Value: £17,000
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 Morgan Williams on 01983 301 434. E: gchambers@gullyhoward.com or mwilliams@gullyhoward.com
Market your property
Whether you're aiming to sell or re-let your commercial property, our agency is dedicated to assisting you.
