Pub Tenancy Opportunity - Ryde
Pub Tenancy Opportunity - The Cedars - Wootton Bridge, Ryde
TOP LINE FIGURES
Ingoing Costs: Approx. £19,000 + F&F
A warm welcome greets you at The Cedars in Ryde. Traditional in style The Cedars has 2 bars and a lovely garden dominating two sides of the pub.offering great respite to those tirelessly exploring the Isle of Wight.
The Cedars is located in the pretty village of Wootton on the main road between Ryde and Newport on the Isle of Wight and close to the main Wightlink ferry terminal of Fishbourne.
3 Bedrooms, Lounge, Bathroom, Kitchen, Office, Shower Room
There is a large enclosed garden with at least 8 x 6 seater picnic benches and space for more, also a children's play area.
There is further external seating to the front and sides of the pub and a large smoking shelter with seating for 24
Car park with space for 20+ cars
The property is to be let on a three year tenancy and is Landlord and Tenant Act protected. Rent £TBC per annum, subject to a three-year review pattern and annual increases in line with the Retail Price Index. There is a full tie on all wet products. Machine income is shared 50/50 between the tenant and Fuller’s. A Security Deposit of £8,000 is required and is included in the capital required figure. The tenancy has no minimum purchase requirement and no volume penalty. Further details will be discussed at interview.
Applicants are required to complete and return a Fuller's Application Form. A business plan, cash flow forecast and evidence of funding will be required at interview.