The pub is supported by well presented, generous 3 bedroom owner's accommodation on the first floor with separate bathroom and shower room. The kitchen to the rear opens on to a private decked area and the accommodation also benefits from a car port providing car parking for 2 vehicles with an extensive workshop to the rear of this.
THE PROPERTY/FURTHER POTENTIAL
Overall the property presents very well with the roof replaced circa six to seven years ago. There is potential to further extend the property as the function room to the rear is single storey and we are informed by our clients that when under construction footings installed were up to a standard to support 2 floors. There is therefore potential to build another floor over thus providing further accommodation possibly for a holiday let etcetera.
The Simeon Arms is located in Simeon Street, an up and coming smartly presented part of the town and close to Ryde Esplande, beaches and leisure facilities. It is also within a densely populated residential area of the town. Ryde has an immediate population of around 25,000, considerably boosted by the influx of summer tourists as well as day-trippers via fast passenger catamaran and Hovercraft links from Portsmouth and Southsea. The town's day-to-day needs are provided for by a 24,000 ft˛ Co-Operative supermarket, plus other mainstream operators such as Peacocks, WH Smith, New Look, Clintons, Costa Coffee, The Card Factory, Specsavers, Superdrug, M&Co and a newly opened Poundland. The town itself has undergone somewhat of a renaissance with the restoration of many of its Victorian buildings and now presents as a smart and lively shopping area.
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THE BUSINESS The current owners have traded the business since 2008 and during this time turnover has stea...More Details