About this property
A great opportunity to purchase a well known freehold freehouse in a fantastic location in Ventnor. Semi retirement sale
Situated in Ventnor High Street, close to the main car park for the town. Neighbouring businesses include Burfield Antiques, Tesco’s and Crave Ice Cream Parlour. Ventnor has seen some investment recently and benefits from various eateries and wine lodges.
Ventnor is a Victorian seaside town with a population circa 6000 and has benefitted from massive regeneration over the last few years and boasts some of the Islands best eateries and wine bars. It is also renowned for its annual Fringe festival which generally runs for 1 week in August, making the most of the unusual microclimate this side of the Island.
Ventnor benefits from a small harbour which offers fresh fish and crab daily and there are various producers offering fresh home grown produce locally and across the Island.
Offered for sale due to semi retirement is this freehold premises arranged over three floors.
Lower Ground Floor
Accessed from the rear a 1 bedroom apartment with lounge, kitchen and bathroom and private south facing patio area.
With access from the High Street and to the rear. A ground floor unit offering some 73.1 sq m (786 sq ft) of commercial space with a cellar, fitted commercial kitchen and WC’s.
Owners accommodation with Entrance Hall, Lounge/Diner, Kitchen, two bedrooms and bathroom. This lovely top floor apartment also benefits from a south facing roof terrace.
The property is also being offered to include the benefit of the business. Perks has traded for circa 10 years and is a very successful and well known business for locals and tourists alike. The property is licensed from Monday to Sunday 09.00hrs to 00.00hrs to start of permitted hours on New Years Day. Also for the sale of late night refreshment (Inside and Outside) Monday to Saturday 23.00hrs to 05.00hrs on New Years Day. Current opening hours allowed are Monday to Saturday 10.00hrs to 00.30hrs. Sunday 10.00hrs to 23.00hrs.
The bar previously offered evening meals on Friday and Saturday, but due to the Covid situation these have been suspended.
Lunchtime meals are served Monday to Saturday.
The property has gas, electric, water and drainage.
Our client is asking £325,000 for this freehold opportunity, with the option to the buy the fixtures, fittings and goodwill for in the region of £1,000.
The VOA shows the rateable value as £6,400. Using the current UBR the rates payable will be circa £3230, this figure does not include any applicable small business rates relief.
The apartment to the first floor is rated for Council Tax, Band A.
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.