Clatterford Road, Newport Price on Application

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PRICE ON APPLICATION
PUB AND HOTEL
CHAIN FREE
BUSINESS NOT AFFECTED
IDEAL INVESTMENT
TWO BEDROOM DETACHED BUNGALOW INCLUDED
CENTRAL LOCATION

Excellent investment opportunity! (business not effected). This property has the benefit of holding functions as well as regular trade at the same time, on top of offering en-suite bedrooms for additional income. This wonderful property is located in Carisbrooke, currently operating as a pub and 7 room hotel. The building is perfectly located to attract a wide of clients. Accommodation: Basement: Two cooler storage rooms, dry storage room, office, bedroom and shower room. Ground Floor: Open plan large bar, separate snug lounge, toilets, kitchen and prep room First Floor: 7 bedrooms, 6 of which are en-suite This sale also includes a two bedroom detached bungalow which is on the plot. Tenure: Leasehold: The business was issued a 20year lease in 2008 which was extended in 2018 to a 30 year lease backdated to 2008. We understand that the rent is £22,000 per annum and linked to RPI. Services: This property is all mains services. EPC: The commercial property is rated D