The Star Inn, 2 Clarence Road, Wroxall, Ventnor, PO38 3BY

Guide price

£295,000

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Pub

Key features

  • Available with vacant possession
  • Bar & restaurant (65 covers), GIA 3,558 sq ft
  • Two-bedroom owner's accommodation
  • Operated by ‘Hands on’ owners
  • Rear parking for 10 vehicles
  • Potential for alternative use (STPP). Energy Rating C
  • Christie & Co Ref: 3858330

Description

Description

The Star Inn is an attractive detached public house of traditional appearance, occupying a prominent corner position within the village. The property is a well-established community pub, with good roadside prominence and a welcoming frontage. The building is characterful, with trading accommodation arranged over the ground floor and private accommodation situated above.

Internally, the main bar offers seating for approximately 20 covers, a separate restaurant area providing approximately 35 covers, arranged across three individual sections and enhanced by a central open fireplace and a small ancillary servery.

The ground floor trading accommodation is supported by a commercial kitchen with walk in fridge together with ladies’ and gentlemen’s customer WC facilities.

Private accommodation is situated at first floor level and accessed externally. The accommodation comprises four double bedrooms, living room, utility room, office and bathroom.

Externally, the property benefits from rear parking for approximately 10 vehicles, together with a rear patio providing around 15 covers and a side terrace with seating for approximately 10 covers.

• The overall site extends to 0.210 acres (0.085 hectares)
• GIA: 330.5 Sqm (3,558 sq ft)

Location

The Star Inn occupies a prominent corner position in the centre of Wroxall, the only pub in this well served village on the southern side of the Isle of Wight. Located just two miles from Ventnor and three miles from Shanklin, the property benefits from strong visibility on the main road through the village and is surrounded by residential housing and nearby holiday parks, providing both year round local trade and seasonal visitor appeal.

Internal Details

Enter via main doors to:

• Traditional bar area (20 covers) with central bar servery.
• Restaurant area (35 covers) is split into three distinct sections with a small servery and central open fireplace
• Commercial kitchen with walk in fridge, pot wash and ladies and gentlemen’s WCs.

Fixtures & Fittings

All in‑situ trade fixtures and fittings are included in in the sales price and will be apportioned accordingly. A full inventory will be provided once an offer has been accepted.

External Details

Rear parking for 10 vehicles, rear patio (15 covers), side terrace (10 covers) and beer cellar.

Owner's Accommodation

Arranged over the first floor with external access leading to two double bedrooms, living room, utility room, office and bathroom.

The Opportunity

The business is currently operated by hands on owners who reside above the premises. It has been traded as an American themed bar and restaurant. Due to family health circumstances, the owners have taken the difficult decision to sell.

This represents an excellent opportunity to acquire a substantial freehold pub on the Isle of Wight. The business benefits from strong seasonal trade, driven by an influx of tourists during the summer months from nearby campsites, while also enjoying loyal support from the local community throughout the year.

The property is ideally suited to a hands-on owner operator seeking to further develop the business, particularly by enhancing the food offering, while also benefiting from comfortable owner's accommodation on site.

Staff

The business is currently operated solely by a hands-on owner operator and does not employ any staff. Accordingly, no employees are expected to transfer with the business under TUPE (Transfer of Undertakings (Protection of Employment) Regulations 2006).

Trading Hours

Monday to Sunday - 5pm to Closed.

Tenure

The Freehold is to be sold as a trading going Concern (TOGC).

Business Rates

The Rateable Value, as per the April 2023 Ratings List, is £33,000. Confirmation of the actual rates payable should be sought from the Local Authority. The future Rateable Value, effective from 1 April 2026, is £35,000.

Regulatory

The property benefits from a Premises Licence. Any prospective purchaser will be required to hold a Personal Licence and to apply, at their own expense, for the transfer of the Premises Licence (subject to approval by the licensing authority).

VAT will be payable, in addition, at the prevailing rate. Normally 90% of the gross purchase price, however, we advise that any prospective purchaser consults an accountant.

Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
Yes
Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

The Star Inn, 2 Clarence Road, Wroxall, Ventnor, PO38 3BY

NEAREST STATIONS

National Rail

Shanklin Station

2.46 miles

National Rail

Lake Station

3.45 miles

National Rail

Sandown Station

4.65 miles

About Christie Owen & Davies Ltd, Pubs & Restaurants

Christie Owen & Davies Ltd, Pubs & Restaurants

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work
We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services
We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick
Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

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Disclaimer - Property reference 3858330-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie Owen & Davies Ltd, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.