Business Summary

THE STAR PUBLIC HOUSE TENANCY SALE £10,000-£15,000,00 BUSINESS OPPORTUNITY! ISLE OF WIGHT The Star enjoys a prominent corner position in the centre of Ryde, a town on the Isle of Wight adjacent to Portsmouth with a population of c.30,000. Ryde has a Hovercraft (one of the only hovercrafts left in the world) service to Southsea and a Catamaran service to Portsmouth harbour. The property is within easy walking distance of all local shops and amenities and appeals both to locals and visitors alike. There is a strong wet trade, including a good range of cask conditioned beers, which would benefit from developing the current food offering. Ryde also benefits from several tourist attractions during the Summer months including; IOW Festival, Bestival and the Scooter Festival. The rateable value for the Star is £14,000 with rates payable of £6,500.

Trading style: The Star is a community local that enjoys a busy wet trade. The current tenant has introduced a snack bar offer and there is plenty more scope to develop food. The has on going entertainment including a Monday night quiz, open the box, DJ on a Friday night and a meat raffle. Sky is not currently in place but there is the opportunity to introduce it at a discounted rate of 30% in conjunction with Admiral and Molson Coors Trade accommodation: The Star is a detached building and is decorated in a traditional style. There has been a substantive refurbishment of the external decoration, signage, lighting and internal decoration as well as a toilet refurb. The outlet trades from one large open plan room which is served from a central bar servery which offers all round vision and ease of service to all areas of the pub. The open plan room offers a mixture of fixed and loose seating together with an area suitable for drinkers or people wishing to stand. Externally the pub benefits from a table licence which means both locals and tourists can enjoy relaxing outside during the summer months.

Private accommodation: The private accommodation consists of two good sized bedrooms, lounge, bathroom and kitchen all of which are on the second floor. The first floor requires investment for the potential of holiday lets.

Estimated ingoing required: £10,000 - £15,000

Starting rent: £13,000 Fixtures and fittings: £8,874 (subject to valuation) Funding options are available for the right applicant Agreement type: 3 Year Tenancy Agreement To view the Energy Performance Certificate enter this number at www.ndepcregister.com 0960-4976-0330-4980-3034

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Property Details