* Freehold
* Substantial detached building in a prominent location close to the Merrie Gardens retail park
* The ground floor benefits from planning permission for conversion to 3 separate flats under planning reference 21/01784/ful
* The upper floors are currently let out and are generating an income of circa £21k per annum
* Freehold interest of the whole building for sale, with offers invited "in the region of" £395, 000
**Location**
Sandown and Newport Road and around the corner from the new Merrie Gardens
Retail Park. These two major arterial roads link the Sandown - Shanklin - Lake
conurbation with the major towns of Newport, Ryde and Cowes. They also provide
easy access to the car ferry links from Cowes and Ryde to Southampton and
Portsmouth and there is a train service from Lake which links through to
Shanklin, Sandown and Ryde with its fast passenger links to Southsea and
Portsmouth, highly popular with day trippers during the tourist season. The
resident population of the area is around 19, 500.
**Description**
Ground floor former pub/restaurant area runs to circa 88m2 (947 ft2) including
the bar which is mainly open plan. There is a children's room/function room to
the rear of the premises with a small kitchen and ancillary storage area. The
public areas are supported by ladies and gents toilet facilities.
**Basement**
The basement area runs to circa 39. 16 m2 (422 ft2) max. The cellar and boiler
are located at this level
**Outside**
There is a raised terrace to the front of the property and limited parking off
the Newport Road.
**Residential Accommodation**
The residential accommodation on the upper floors is currently let out and
comprises 3 bedrooms, lounge, kitchen and bathroom. This area is separately
accessed and could provide letting accommodation, manager's/owner's flat.
**Planning Permission**
The building benefits from planning permission to convert the whole building
into residential accommodation. Details of this Planning Application can be
found on the Isle of Wight Council's planning website: Under reference
_21/01784/ful_
**Terms**
The freehold interest of the whole property is for sale with offers invited
"in the region of" £395, 000
**Uniform Business Rate**
Rateable Value - £10, 200 (Public House and Premises)
2022/2023 - £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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