LOCATION
The Stag is a substantial and highly visible detached property on the corner of the junction of Sandown and Newport Road and around the corner from the new Merrie Gardens Retail Park. These two major arterial roads link the Sandown-Shanklin-Lake conurbation with the major towns of Newport, Ryde and Cowes. They also provide easy access to the car ferry links from Cowes and Ryde to Southampton and Portsmouth and there is a train service from Lake which links through to Shanklin, Sandown and Ryde with its fast passenger links to Southsea and Portsmouth, highly popular with day trippers during the tourist season. The resident population of the area is around 19,500.
DESCRIPTION
Ground floor former pub/restaurant area runs to circa 88m² (947 ft²) including the bar which is mainly open plan. There is a children's room/function room to the rear of the premises with a small kitchen and ancillary storage area. The public areas are supported by ladies and gents toilet facilities.
BASEMENT
The basement area runs to circa 39.16 m² (422 ft²) max. The cellar and boiler are located at this level
OUTSIDE
There is a raised terrace to the front of the property and limited parking off the Newport Road.
RESIDENTIAL ACCOMMODATION
The residential accommodation on the upper floors is currently let out and comprises 3 bedrooms, lounge, kitchen and bathroom. This area is separately accessed and could provide letting accommodation, manager's/owner's flat.
TERMS
The freehold interest of the whole property is for sale with offers invited "in the region of" £395,000.
OUTGOINGS
Rateable Value - TBC (Public House and Premises)
2024/2025 - 54.6p 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 821 000.
PLANNING
The building benefits from planning permission to convert the whole building into residential accommodation. Details of this Planning Application can be found on the Isle of Wight Council's planning website: https://publicaccess.iow.gov.uk/ under reference 21/01784/FUL
VIEWING
Strictly by appointment with sole agents. Call Lisa Mercer or Charlie Dickson on 01983 527727 or email commercial@hrdiw.co.uk
Loading...
Loading...
