Hotel for sale

Palmerston Road, Shanklin

£465,000

Property Description

Full description

Tenure: Freehold

DESCRIPTION
This well established licensed hotel has been run by that present owners for 14 years and is now for sale owing to their desire to retire.

The business is currently run on a mainly B&B basis utilising 10 guest bedrooms with the owners occupying their own flat and there being three sub-let flats on the lower ground floor let individually.

The property is an attractive Victorian building which has been extended and altered to the side and the rear and is located in a very good letting area being only a few hundred yards from the main shopping centre of the Town and about a 400 yard level walk to the Cliff-Path with lift and steps down to the beach. Many of the bookings are received from Bookings.com and the owners have created their own unique letting business by offering Door to Door Holidays whereby they use a mini-bus to collect guests from the mainland within an 80 mile radius of Southampton, bring them to the Island for 5-day minimum stay then return them home. This is particularly attractive to older guests and those travelling alone.

The accommodation is warmed by gas fired central heating with at least 90% of the windows being replacement uPVC units. Currently the business operates for approximately 10 months of the year and including bookings for the Christmas period.

In our opinion, this business would be ideally suited for someone wishing to make a start into the leisure trade as it offers scope for changes and it also has a very good steady income form the three permanently let units. We recommend an internal viewing to appreciate the hotel and its accommodation which comprises:-

FIRST FLOOR

GALLERIED LANDING with cleaning cupboard.

BEDROOM 5 - DOUBLE with EN-SUITE SHOWER WC

BEDROOM 9 - DOUBLE with EN-SUITE SHOWER WC

BEDROOM 10 - FAMILY OF THREE with EN-SUITE SHOWER WC

BEDROOM 11 - SINGLE with EN-SUITE BATH/WC

BEDROOM 12 - FAMILY OF FOUR with EN-SUITE SHOWER WC

BEDROOM 14 - FAMILY OF THREE with EN-SUITE BATH/WC

ROOMS 6, 7 & 8 are currently arranged as the owner's private accommodation with Room 6 being a fully fitted Kitchen, Room 7 has become a Living Room with a door and stairs down to the ground floor rear and Room 8 is a Bedroom with an En-suite Bathroom/WC.

GROUND FLOOR

ENTRANCE HALL with stairs to first floor and door and stairs to lower ground floor.

SEPARATE WC

GUEST´S LOUNGE with Reception Counter and Office off.

BAR with fitted counter and built-in shelving.

DINING ROOM with original ceiling coving, dado rail and French Doors to front patio area. Separate tables and chairs with seating for 22 plus guests.

KITCHEN which is well equipped with equipment including stainless steel work tables and shelving, sink, commercial oven, hot cupboards, gas grill, shelving, fridge freezers, worktops etc. Doorway to:

WASH-UP ROOM with range of fitted worktops and shelving, sink unit, dishwasher etc. Door to:

STILL ROOM with all the tea and coffee making facilities.

BEDROOM 1 - TWIN with EN-SUITE BATHROOM WC

BEDROOM 2 - SINGLE with EN-SUITE SHOWER WC

BEDROOM 3 - TWIN/DOUNBLE with EN-SUITE BATHRROM

BEDROOM 4 - TWIN.DOUBLE with EN-SUITE SHOWER/WC

LOWER GROUND FLOOR

The majority of the accommodation on this level is arranged as two 1 Bedroom Flats and a Bedsit and are currently let on Assured Shorthold Tenancies at rents of: £150, £125, £85 per week respectively.

LAUNDRY ROOM with washing machines and dryers etc.

STORE ROOM

STAFF BEDROOM - SINGLE with EN-SUITE BATHROOM.

WORKSHOP STORE

OUTSIDE

BOILER ROOM with gas boiler supplying central heating and hot water.

FRONT PATIO TERRACE with shrubs and flower borders.

REAR GARDEN which is laid to paving and gravel with a wooden Deck Area, wooden garden furniture and a wooden Pergola.

TENURE Freehold (to be confirmed).

SERVICES All mains connected.

UNIFORM BUSINESS RATE £8,400

COUNCIL TAX BAND for Flats at the property Band A. Can be confirmed by the Isle of Wight Council (01983 823901).

N.B. The current owners have a 9 seater Ford Tourneo which is available for purchase by separate negotiation if a new owner wishes to continue with the Door-to-Door guest service.

VIEWING STRICTLY BY APPOINTMENT THROUGH ARTHUR WHEELER ESTATE AGENTS (01983) 868333


More information from this agent

Nearest stations

  • Shanklin (0.3 mi)
  • Lake (1.2 mi)
  • Sandown (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

01983 646064 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

01983 646064 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Shanklin (0.3 mi)
  • Lake (1.2 mi)
  • Sandown (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

01983 646064 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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