Freehold Historic Traditional Pub For Sale

Location

The Volunteer Inn is set amongst a relatively high density of chimney pots in Victoria Street, close to Ventnor’s town centre. There are several nearby Council operated car parks and roadside car parking directly outside the pub. Considerable investment in the town includes a Tesco Express in the High Street, and it has seen much development following the creation of a small harbour on the picturesque Esplanade. The immediate population of around 6,000 residents is substantially boosted by visitors, especially during the extending summer season, wishing to take part in the many Music and Arts events for which the town is now famous, and to enjoy the wide variety of high-class eateries Ventnor can now offer.

Description

The Volunteer is a cosy hostelry with seating to the front and rear of the bar for some 30 covers, plus 6-8 people at the bar itself. The pub features a stripped wooden floor and feature fireplaces, as well as being eclectically decorated by the current landlord making the general atmosphere of the pub very welcoming and interesting. The pub has darts and rings teams. To the rear of the pub are ladies’ and gents’ WC facilities and beneath is a substantial cellar and recently created small kitchen area as well as further storage in the basement. There is an outdoor yard to the rear, used for the storage of bins, deliveries etc. Please see floor plan for further details.

Owners' Accommodation

Located on the First Floor, and can be separately accessed, is the 2-bed owners’ accommodation which has been extensively decorated by the current owners.

History

The Volunteer Inn has an interesting history that we are advised dates back to 1866 and is an Island “institution”. It has also been the base for the infamous Ventnor Comic Jazz Band.

Premises Licence

The current premises licence IW050900 allows for the sale of alcohol from 11am to midnight, 7 days per week, and live and recorded music from 7pm to 11.59pm Monday to Saturday, and 7pm to 10.30pm Sundays.

The Business

Very profitable business, currently averaging a gross profit of circa 52% of turnover. Accounts available to bona fide applicants following a viewing of the premises.

Terms

Offers invited in the region of £298,000 for the Freehold, Business, Goodwill, and Trade Fixtures and Fittings.

Uniform Business Rate

Rateable Value: £4,750

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

Council Tax

The flat over the premises is in Council Tax Band A.

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