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Wishing Well inn, Isle of Wight

20 January 2005 by
Wishing Well inn, Isle of Wight
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This week's featured property is a purpose-built inn on the north-east coast of the Isle of Wight. The Wishing Well, on Pondwell Hill, Ryde, is a free-of-tie gastropub business that has public areas measuring 185.5sq m and three-bedroomed owner's accommodation. Outside, there's seating for 65 and space for 30 cars. The agent advises that the business benefits from both passing trade and seasonal tourist trade, bolstered by the adjacent campsite and proximity to the Flamingo Park theme park. Local property agent Gully Howard is seeking offers in the region of £295,000 for the business, goodwill and fixtures and fittings. The Wishing Well comes on a 21-year lease, dating from June 2003, at an initial annual rent of £25,000, reviewable on a three-yearly basis. For more information contact Grant Higgs or Diana Drayton on 01983 811881.
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