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Wheatsheaf Hotel
St Thomas Square, Newport, Isle of Wight, PO30 1SG
Annual Rent: £75,000
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External Drinking Area
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Function Room
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Letting Rooms
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Restaurant/Dining
Property details
The Wheatsheaf Hotel is a characterful town centre pub and hotel situated in a prime location in Newport's central square, opposite a large multi-storey car park and surrounded by established retail brands. Recently refreshed with new external decoration and signage, the property combines strong kerb appeal with a distinctive, high-end atmosphere.
Inside, the pub offers a unique antique-inspired style with quirky fixtures and fittings throughout. The main trading space features a striking bar running the length of the room, centred around a welcoming fireplace. Additional trading areas include a cosy snug seating 16 guests and a spacious rear area with a pizza offer, pool table and dart board.
Further benefits include a first-floor function room, a fully equipped commercial kitchen, and 12 boutique-style letting rooms. A two-bedroom private apartment provides flexible owner accommodation or additional letting potential. With its premium presentation, multiple income streams and prominent town centre location, The Wheatsheaf Hotel offers an outstanding pub opportunity in Newport.
Private Accommodation
The private accommodation includes two double bedroom ensuites one with a bath and one with a shower. There is a lounge with a kitchen, this is presented in immaculate condition so could double as a large letting apartment for a family.
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Cask Ale
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Catering Kitchen
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Team Games
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Pool Area
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Experienced Operator
Trading style
The ideal operator for this business opportunity is one who is used to running a multi-faceted business with a high turnover. The pub has a good wet trade, a restaurant concept and 12 letting rooms, so an operator with hotel or B & B experience would be preferred.
Any publican would need to be able to run this complex style of business, excellent social media skills to promote all elements of the business and work with a high level of staffing.
The pub needs a night porter because it has 12 letting rooms and this cost has been factored into the staffing levels in the agreement.
This business also has a seasonal element as it is on the IOW so turnover increases in the summer months, especially during the IOW festival and sailing events.
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