• Unopposed 17th Century village pub
• £5,000 relocation package from landlords: £10,000 rent in year 1
• Seats 70 inside with multiple trading areas
• Newly refurbished patio trade garden also seats 70
• Well fitted catering kitchen with two cooking stations
• Two-bedroom owner’s home with private kitchen/breakfast room
• Car park for 20 and additional outside storage space
• Potential to turnover £8,000 per week – ideal for experienced caterer
- Asking Price:
- £10,000
- Turnover:
- Available on request
- Net Profit:
- Available on request
Property Information
- Property:
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Tenancy
- Tenancy Terms:
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The property is available on the basis of a brand new agreement with the Stonegate Group.
There will be a wet tie to the Stonegate Group.
During Year 1, the rent has been reduced to £10,000 per annum.
Year 2 rent is £22,000 per annum.
- Location:
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The village of Shalfleet is situate almost equidistant between the towns of Newport and Yarmouth on the Isle of Wight.
This pretty village dates back many hundreds of years and can boast a number of historic buildings including the New Inn itself.
In more recent times, there has been plenty of additional house building and Shalfleet is home to over 1,200 people in which the New Inn stands unopposed.
The island’s largest town of Newport is only a 15-minute drive with Yarmouth 10 minutes away.
In addition to the substantial all-year-round tourist trade, the area has a high demography and there is substantial demand from customers looking to enjoy a quality pub offer especially accompanied with good food.
