SUBSTANTIAL PUB FOR SALE WITH 7 BEDROOMS

Price:

Freehold - £249,950

Seller Ref:

Boniface

Location:

Isle of Wight , Town Centre, Ventnor

Business Type:

Commercial Property

See Other:

Pubs and hotel property for sale in Isle of Wight
Commercial property for sale in Isle of Wight

Description:

THE BUSINESS:

Public areas run to around 93m? (1,000 ft?). The main bar area is both characterful and traditional, with seating for around 35 customers, plus a further 7 to the bar with both carpet and strip wood flooring. There are feature stone fireplaces and an area dedicated to a Pool Table, Darts Board and Juke Box. A room to the rear of the premises is utilised for either customers who are dining or as a meeting room if required. The public areas are serviced by ladies & gents WC facilities and the ground floor kitchen and basement cellar complete the commercial accommodation.
ACCOMMODATION
The property has significant options with 4 bedrooms and a bathroom at first floor level and a further 3 bedrooms, lounge, domestic kitchen and bathroom at second floor level. We strongly feel that there is potential for either letting accommodation or ample space to house two families running the business.
OUTSIDE
There are two raised terraces with brick barbecue, Petanque Court and seating for around 32 to tables and benches.
THE BUSINESS
Enjoying an enthusiastic and growing following, The St Boniface Arms currently provides Sky Sports and Music TV to 3 wall mounted flat screens. Bar snacks and Sunday Roasts are popular with a strong wet trade long established. Trading information is available to bona fide applicants after inspection.
20110609

PREMISES LICENCE

IW036213 allows for the provision of alcohol from 1100 hours to 0000 hours Monday to Thursday; 1100 hours to 0200 Fridays and Saturdays and 1100 hours to 0100 hours Sundays (0200 hours on New Year's Eve). There is also similar provision for live and recorded music.
UNIFORM BUSINESS RATE
Rateable Value - £9,400 Public House & Premises.
(2011/2012) – 43.3p without small business relief. Small business relief may be available on the property but interested parties should make their own enquiries of the Isle of Wight Council with regard to eligibility and rates that apply. It should also be noted that the rate liability may be affected by the Government's transitional arrangements. Interested parties should make their own enquiries to confirm any rate liability.
TERMS
For Sale with offers invited in the region of £249,950 for the premises, fixtures, fittings and goodwill of the business plus stock, glassware and loose catering effects at valuation on completion.

Location Details:

St Boniface Arms is a substantial and imposing period public house in the centre of Ventnor, a popular seaside resort town with a resident population of around 6,500 people, substantially boosted during the summer months by visiting tourists. Ventnor is becoming a fashionable centre with the construction of the new harbour and with its south-facing micro climate, Ventnor continues to attract second home owners as well as holiday makers.