Kasbah, 76 Union Street, Ryde,

Isle of Wight, PO33 2LN

£100,000

The Kasbah is a quite unique Moroccan themed bar and Bed and Breakfast establishment which is situated in an

excellent location being in the main shopping street of Ryde and also very close to the sea front, railway station

and ferry connections to and from the Island. The business has been trading for a number of years and is now

being sold because of family bereavement.

We understand that the bar has a very good regular and visiting clientele and it is extremely popular

throughout the year for its live music evenings and the many functions and festivities which are hosted by Ryde

which is one of our foremost seasonal towns.

We understand that the bar is predominantly a wet trade but there is scope to increase the business by offering

hot and cold food from the kitchen which is adjacent to the bar. On the first and second floors are a total of 9

guest en-suite bedrooms catering for a maximum of 21 guests on a B&B basis with breakfast being served

downstairs at a rear room off the main bar. The Bed and Breakfast accommodation proves very popular with

both visitors and in some cases some long stay guests who are working on the Island on temporary contracts.

The property is offered in the residue of a 20 year Lease from December 2006 (8 years remaining) and in our

opinion it would be ideally suited to tenant occupiers who wish to become heavily involved in running the

business and expanding the trade. Whilst there is no owner’s accommodation, it would be quite easy to use a

couple of the guest rooms for private accommodation.

We believe that this business offers an ideal opportunity for a couple to acquire the Lease and run the business

as there is scope to expand the trade and increase turnover and ultimately profit. It comprises:

GROUND FLOOR

MAIN BAR 22’3 x 20’4 overall (6.78m x 6.21m) L-shaped

with large long bar counter with shelving, rear display

shelves, optics, pumps and all ancillary equipment. Tables

and chairs, soft furnishings including sofas, bar stools etc.

BREAKFAST ROOM/FUNCTION ROOM 17’6 x 18’2

(5.33m x 5.55m) door to:

INNER LOBBY with:

GENTS WC with long urinals, wash basin, and hand dryer

and one WC cubicle.

LADIES WC with two WC cubicles, wash basin and hand

dryer.

OFFICE and LINEN STORE CUPBOARD.

KITCHEN approached from the rear of the bar with

stainless steel double deep bowl sink, stainless steel

worktops and table, fridge freezers, electric oven, extractor

hood, coffee machine etc.

CELLAR under the front bar area and with hatch access

from Church Lane is the beer cellar for storage for barrels

and equipment.

OUTSIDE

Garden/Smoking Area which is partly covered and has

benches and tables and chairs and measures 24’7 x 9’8

(7.5m x 2.95m) with a pedestrian gate to the rear entrance.

FIRST FLOOR

Guest bedrooms all with central heating and all having

en-suite facilities.

BEDROOM 1 - Double with wash basin and en-suite shower

WC.

BEDROOM 2 - Family of 4 (a double/twin and bunks) with

en-suite bathroom WC.

BEDROOM 3 - Twin with en-suite shower WC.

BEDROOM 4 - Twin with en-suite shower WC.

BEDROOM 5 - Double with basin en-suite shower/WC

BEDROOM 6 - Twin with en-suite shower/WC.

BEDROOM 7 - Double with en-suite bath/WC.

SECOND FLOOR

BEDROOM 8 - Double with en-suite bath/WC.

BEDROOM 9 - Double with en-suite bath/WC.

OPENING TIMES - currently the bar is open:

11:30am - 11:30pm (Sunday—Tuesday)

11:30am - 2am (Wednesday - Saturday) and there is regular

live music on Wednesday to Saturdays from local artists.

The pub and B&B are open all year but in the winter months,

the bar opens at 14:00.

CURRENT RENT is £48,500 per annum.

SECURITY DEPOSIT TBA

PRICE for the balance of the Lease, goodwill, fixtures,

fittings and furniture.

Copies of financial and Lease and associated documents are

available for viewing by appointment at our office.

SERVICES All mains are available.

UNIFROM BUSINESS RATE Band TBA. Can be confirmed by

the Isle of Wight Council (01983 823901).

VIEWING STRICTLY BY APPOINTMENT THROUGH

ARTHUR WHEELER ESTATE AGENTS (01983) 868333

These particulars are issued on the strict understanding that all negotiations are conducted through Arthur Wheeler. Although they are believed to be correct their accuracy is not guaranteed nor do they form any part of a contract. Our description of appliances and/or services including central heating systems should not be taken as any

guarantee that they are in working order and should be checked by a prospective purchaser. If there is anything of special importance, please contact the office and we will clarify this information.

MORTGAGE ADVICE

If you require a mortgage or financial advice we recommend that you contact the local firm of Mi Finance. Being “Whole of Market” means that they are not tied to any

financial institution and they can access the whole of the Mortgage Market to find a mortgage to meet your requirements. Telephone Erling Holmberg on 01983 865012 or

Tim Benton on 01983 475360 and you will receive experienced advice on the most suitable mortgage available to you.

YOUR HOME MAY BE RE-POSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE There may be a fee for mortgage advice, although this is normally paid by way of an introduction fee from the lender we arrange your mortgage with. The precise amount of

any fee will depend on your own circumstances, but typically this could be 0.5% of the amount borrowed.