Offers in region of
£395,000
Pub/bar for saleSandown Road, Lake, Isle Of Wight PO36
Freehold
About this property
Substantial detached building in a prominent location close to the Merrie Gardens retail park
The ground floor benefits from planning permission for conversion to 3 separate flats under planning reference 21/01784/ful
The upper floors are currently let out and are generating an income of circa £21k per annum
Freehold interest of the whole building for sale, with offers invited "in the region of" £395,000
Location
The Stag is a substantial and highly visible detached property on the corner of the junction of Sandown and Newport Road and around the corner from the new Merrie Gardens Retail Park. These two major arterial roads link the Sandown-Shanklin-Lake conurbation with the major towns of Newport, Ryde and Cowes. They also provide easy access to the car ferry links from Cowes and Ryde to Southampton and Portsmouth and there is a train service from Lake which links through to Shanklin, Sandown and Ryde with its fast passenger links to Southsea and Portsmouth, highly popular with day trippers during the tourist season. The resident population of the area is around 19,500.
Description
Ground floor former pub/restaurant area runs to circa 88m2 (947 ft2) including the bar which is mainly open plan. There is a children's room/function room to the rear of the premises with a small kitchen and ancillary storage area. The public areas are supported by ladies and gents toilet facilities.
Basement
The basement area runs to circa 39.16 m2 (422 ft2) max. The cellar and boiler are located at this level
Outside
There is a raised terrace to the front of the property and limited parking off the Newport Road.
Residential Accommodation
The residential accommodation on the upper floors is currently let out and comprises 3 bedrooms, lounge, kitchen and bathroom. This area is separately accessed and could provide letting accommodation, manager's/owner's flat.
Planning Permission
The building benefits from planning permission to convert the whole building into residential accommodation. Details of this Planning Application can be found on the Isle of Wight Council's planning website: Under reference 21/01784/ful
Terms
The freehold interest of the whole property is for sale with offers invited "in the region of" £395,000
Uniform Business Rate
Rateable Value - tbc (Public House and Premises)
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 .
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 . E: Or
The Stag is a substantial and highly visible detached property on the corner of the junction of Sandown and Newport Road and around the corner from the new Merrie Gardens Retail Park. These two major arterial roads link the Sandown-Shanklin-Lake conurbation with the major towns of Newport, Ryde and Cowes. They also provide easy access to the car ferry links from Cowes and Ryde to Southampton and Portsmouth and there is a train service from Lake which links through to Shanklin, Sandown and Ryde with its fast passenger links to Southsea and Portsmouth, highly popular with day trippers during the tourist season. The resident population of the area is around 19,500.
Description
Ground floor former pub/restaurant area runs to circa 88m2 (947 ft2) including the bar which is mainly open plan. There is a children's room/function room to the rear of the premises with a small kitchen and ancillary storage area. The public areas are supported by ladies and gents toilet facilities.
Basement
The basement area runs to circa 39.16 m2 (422 ft2) max. The cellar and boiler are located at this level
Outside
There is a raised terrace to the front of the property and limited parking off the Newport Road.
Residential Accommodation
The residential accommodation on the upper floors is currently let out and comprises 3 bedrooms, lounge, kitchen and bathroom. This area is separately accessed and could provide letting accommodation, manager's/owner's flat.
Planning Permission
The building benefits from planning permission to convert the whole building into residential accommodation. Details of this Planning Application can be found on the Isle of Wight Council's planning website: Under reference 21/01784/ful
Terms
The freehold interest of the whole property is for sale with offers invited "in the region of" £395,000
Uniform Business Rate
Rateable Value - tbc (Public House and Premises)
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 .
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 . E: Or
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