Two pubs up for sale on the Isle of Wight

On behalf of Punch Taverns PLC, Savills brings to the market two freehold licensed public houses on the Isle of Wight; the Mad Cow and the Ship & Castle.

In the centre of the south eastern town of Shanklin, at 64 High Street, the Mad Cow has a prominent location on the corner of High Street and Sheephill Road, opposite the Shanklin Theatre. The three storey property comprises a ground floor bar, further seating at first floor level and a three bedroom second floor flat with separate access. The trading name Mad Cow will not transfer on sale. Offers are invited in the region of £350,000.

In the town of East Cowes on the island’s north coast, the Ship & Castle occupies a plot of 0.05 acres (0.2 hectares) over three floors at 21 Castle Street. Situated opposite the East Cowes ferry terminal, the property benefits from the flow of passengers between Southampton and Cowes. On the property’s first floor is an office/bedroom, kitchen and bathroom, with two further bedrooms and a store room on the second floor. The guide price for the Ship & Castle is £199,000.

Both properties will be available with vacant possession upon completion.

Nick Lyell at Savills comments: “With both these premises offering potential for development or conversion, subject to planning, they represent interesting investment opportunities. The pubs benefit from both the local residential catchment area and the Isle of Wight’s popularity as a tourist destination, notably during events such as Cowes Week.”