About this property
A fantastic opportunity to purchase a popular and well traded free house public house.
Situated on Sandown Road, Bembridge and on the edge of Bembridge Airfield.
Freehouse situated on the edge of Bembridge Airfield with extensive outside space providing car parking and outside seating. Entrance is directly from Sandown Road, the main road leading into Bembridge from the Sandown / Shanklin area.
Entrance lobby leading to bar and restaurant/dining areas providing a range of seating. Well-appointed kitchen. Ladies and gents WC.
The current tenants have carried out an extensive refurbishment programme. A range of home cooked food from the menu and a daily specials board is offered.
Storage barn with electricity, drainage and water.
Offered is the balance of a 12 year lease (4.5 years elapsed) with a current rent of £15,800.
Our clients are asking £99,950 for the balance of the lease to include fixtures, fittings and goodwill.
UBR: £13,500. Current multiplier 0.491. Rates payable £6628.50 before any additional relief.
Each party to be responsible for their own legal costs.
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.