£498,000

Pub/bar for sale

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Just added
Freehold

Offers in region of

£498,000

Pub/bar for sale

York Avenue, East Cowes, Isle Of Wight PO32

Local area information

Property location

Nearby amenities

  • Queensgate Foundation Primary 0.2 miles
  • Holy Cross Catholic Primary School 0.7 miles
  • East Cowes Floating Bridge 0.8 miles
  • East Cowes Ferry Terminal 0.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Substantial premises which have received serious investment in recent years & opposite to the entrance to Osborne House
  • Successful ground floor pub with dining and benefitting from substantial car park plus 9 Bed & Breakfast Rooms over
  • Ground Floor commercial premises run to in excess of 200m2 (2,152 ft2)
  • Freehold for sale, with offers invited in the region of £498,000
Location

Located adjacent to the entrance to Osborne House in East Cowes and on the only main arterial route into the town, The Prince of Wales sits in a highly prominent corner position with thousands of visitors passing by visiting the former home of the Queen of England plus high volumes of traffic to and from the ferry terminal. East Cowes has a population of around 7,000 and has seen considerable investment on employment facilities, extensive development by Barratt Homes and improvements to the Marina. Most recently Red Funnel are upgrading their ferry terminal. East Cowes is now perceived as a growth town.

Description

A substantial building arranged over three floors comprising ground floor bar, dining room, commercial kitchen, cellar, toilet facilities etcetera. The entrance lobby for the Hotel leads to a staircase to the 9 bed and breakfast guest rooms over. (Please see floor plan overleaf for further detail). The ground floor runs to in excess of 200m2 (2,152 ft2) having recently been extended to the rear. The main bar and dining room off run to approximately 105m2 (1,130 ft2) with the dining room currently catering for around 30 to 40 covers, plus extra coach house for private functions.

Upper Parts / Bed & Breakfast Guest Rooms

The Prince of Wales offers extensive accommodation with nine guest rooms which are all en-suite and a mix of single, double, twin and family rooms. All have been fully modernised and upgraded in recent years and present in very good order.

Outside

Substantial Car Park which can accommodate circa 25 vehicles or several coaches, if required. In addition, there is a Barn/Function Room with Bar area, staging and lighting plus an outside barbecue area and bench seating.

Terms

Freehold for sale, with offers invited in the region of £498,000

Uniform Business Rate

Rateable Value: £17,000

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 .

Viewing

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on . E: Or

Floor plans and tours

Floor plans (1)

Floor plan 1

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Gully Howard. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Gully Howard for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Isle of Wight
  4. East Cowes
  5. York Avenue

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