* Leasehold
* Lovely village pub/restaurant, extended, refurbished and refitted to a very high standard
* Strong, well established trade from 60 internal covers plus large garden with seating for circa 70 covers
* Well presented, spacious 3 - bedroom owner's accommodation plus large customer car park
* For sale with offers invited in the region of £85, 000 leasehold, fixtures, fittings and goodwill plus stock at valuation
**Location**
Nestling in the delightful village of Havenstreet, which is conveniently
situated within easy striking distance of both Ryde and Newport, The White
Hart Inn is a hostelry that attracts customers from across the Island all year
round with a significant uplift during bank and school holidays from those
wishing to enjoy its renowned menu and ideal balance between olde worlde and
contemporary surroundings. The White Hart very much benefits from a large
gravelled car - park able to accommodate around 30 vehicles, further enhancing
the attraction of the venue.
**Description**
The very well presented pub offers drinkers and diners a most comfortable and
characterful environment to enjoy the fayre on offer. There is seating for
approximately 60 in both the bar and restaurant area. Diners are accommodated
in an 'L' shaped restaurant, carpeted and with timber panelled walls to dado
height. There are two fireplaces, including one of substantial brick
construction reputedly made from the previous internal walls of the pub, and
undoubtedly a focal point. To the rear of the premises is a commercial
kitchen, forming part of an extension to include integrated walk - in
refrigerator/freezer and cellar. The kitchen, preparation and wash - up areas
are extensively fitted with commercial equipment and given the size and shape
of the area, some 32m2 (345 ft2), we are confident that most chefs will enjoy
the convenience of this amenity, The public areas are serviced by what could
be described as luxury ladies and gents WC facilities.
**Outside**
To the side of The White Hart is a substantial gravelled car park able to
accommodate around 30 vehicles, with adjacent garden, comfortably seating 70
customers during clement weather including a large patio area. It should be
noted that a further area of field, currently unexploited, could well be
developed for either more outside seating or, subject to planning, a camping
site, potentially also providing electrical hook - ups for caravans. There is a
wide side passageway allowing for deliveries and yard utilised for refuse
control and further storage, completing the commercial accommodation.
**Owner's Accommodation**
The well - presented owner's Flat, perhaps best illustrated by the sketch floor
plan, could be described as 3 bedrooms, lounge/dining room, office, domestic
kitchen and family bathroom. As part of the works carried out on the building
in 2007, we are advised that a boiler and central heating/hot water system was
fitted as well as the building being re - wired and given a new gas supply. A
new boiler was fitted in January 2021. It is considered that the accommodation
could be used as lettings rooms if desired (subject to any necessary
consents).
**The Business**
Operated by our clients since August 2013, they have built an extremely
impressive trade with strong turnover suggesting healthy profits available to
the right operators. Currently the business is open 11am to 11pm Monday to
Saturday, and 11am to 10. 30pm on Sundays. The property also holds a 5 star
hygiene rating. Licence IW043952 allows for the provision of alcohol between
11am to midnight, Monday to Sunday. Further financial information is available
to bona fide applicants after inspection.
**The Lease**
The premises are held on a 20 - year term from 1st August 2011 provided by
Enterprise Inns Plc. The current passing rent of £48, 004 p. a. Exclusive plus
VAT increases yearly by rpi, with a formal review at 5 yearly intervals. There
is a trade tie on free - flow beer, however, bottled/canned beer, one guest
beer, wines, spirits and alchopops, soft drinks and food are all free of
product tie
**Terms**
Offers are invited in the region of £85, 000 for the benefit of the trade
fixtures, fittings and goodwill of the business, simultaneous with an
assignment of the existing lease plus stock, glassware and loose catering
effects at valuation on completion.
**Uniform Business Rate**
Rateable Value: £22, 000
2023/2024: £0. 512p 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

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