Pubs for sale in Isle of Wight

View the "FREEHOLD PUB CLOSE TO THE SEAFRONT RYDE ISLE OF WIGHT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 Thanks to your email alerts I found & have recently completed on the purchase of a Hotel in Scotland 

Ian McGregor (Nov 2013)
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Freehold Price: £490,000 Sale Agreed
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Business Description
Currently run as a wet-led pub albeit the pub is supported by a kitchen facility which could be reinvigorated to provide a more substantial food offer. The main bar area itself is able to cater for 80 customers and supported to the rear by a function room catering for a further 120 customers. There is a garden to the rear of the property with outdoor seating, Petanque Pitch and a large undercover smoking area. To the front of the premises there is some further outdoor seating on to the street. The pub is well supported by various sports leagues including Pool, Darts, Petanque, Shove Halfpenny and Crib with events being regularly held. The main bar area runs to circa 90m˛ (973 ft˛) with the function room to the rear running to circa 78m˛ (844 ft˛). See floor plan overleaf for further detail.
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.
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.
Tenure: Freehold

Location Details:

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.

Listed by: Gully Howard
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