Free of Tie Historic Inn Located on the Isle of Wight

£ 19,995
Tenure
Leasehold
Description
AVAILABLE IMMEDIATELY - HISTORIC & THRIVING COUNTRY PUB/RESTAURANT

- Up to 50 %rent discount to help build the business
- Fully refurbished 
- Try before you buy lease with Very Low inward costs 
- Ready for the 2024 season 

Looking for a new challenge?  The Sun Inn is located in an area of outstanding natural beauty and is the perfect venue for anyone who is looking for a thriving business with lifestyle balance.  The inn is completely free of tie so all drinks can be purchased at the very best market price giving you the ability to lock in big profits on both food and drink sales.

The property also benefits from accommodation over the pub so could suit an owner-occupier setup

There is an 80-100 seat restaurant and large gardens with seating for c.130, plus large gravel car park. 21 year lease

For sale with offers invited “in the region of” £19,995 leasehold, goodwill, fixtures, fittings plus stock at valuation
.
LOCATION
The Sun Inn is located between the villages of Brook and Brighstone, in the hamlet of Hulverstone which is elevated from sea level and therefore benefits from far-reaching views of the countryside reaching out to the English Channel. The property is the closest pub to the very popular South-West Compton Bay beach, and is near the famous Military Road, being the main road connecting the West of the Island to the South.

DESCRIPTION
The original thatched building is thought to date back some 600 years and it is known that an Ale House was on this site in 1816. The bar area is highly characterful with features including a mixture of raised flagstone and stripped wood flooring, exposed stone and brick walls, window seats and an Inglenook fireplace with log burning stove inset. There is seating for around 35 diners and drinkers. The connected restaurant area to the rear was completed in 2005, and is laid to cater for circa 80 covers, but could accommodate more if required. The premises is supported by Ladies and Gents WC facilities plus a disabled WC and baby-changing facility. The commercial kitchen is extensively equipped, comprising kitchen/preparation/wash-up area, utility/store-room and an integrated walk-in chiller, plus staff WC facility. There are plenty of tables in the pub gardens, which are predominantly laid to lawn and enclosed by hedgerow, with some flower and shrub beds, and a children’s play area. More photographs available on request.

THE BUSINESS
Operated successfully by our client since 2015, The Sun Inn is undoubtedly a food-led concern. There is, however, a significant and enthusiastic local following including groups meeting regularly. There is regular live music and other entertainment, particularly during the summer months. Detailed accounting information available for inspection to bona fide applicants following viewing of the premises.

OWNER’S ACCOMMODATION
The accommodation consists of a bedroom, lounge, bathroom, and kitchen, meaning that the property could lend itself to an owner-occupier setup. We understand that the flat falls into Council Tax Band A.

THE LEASE
A 21-year term provided by Enterprise Inns from January 2006. We understand that the premises is completely free of any tie.

TERMS
For sale with offers invited in the region of £19,995 for the benefit of the trade fixtures, fittings and goodwill of the business, simultaneous with an assignment of the existing lease, plus stock, glassware and loose catering effects at valuation on completion.

UNIFORM BUSINESS RATE
Rateable Value: £29,500
2023/2024: £0.512p 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
Country
England
County
Isle of Wight
Address
Hulverstone
Post Code
P030 4EH
Under Offer
No
Reference Number
RF112520
  • 16290 Views
We were unable to find the requested address (England, Isle of Wight, Hulverstone, P030 4EH) via Google street view due to Google street view doesn’t have data for this address.
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