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Broadway Park Hotel, Melville Street, Sandown, Isle of Wight, PO36 9DJ

Guide Price
£2,500,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • 106 Letting bedrooms
  • Extensive public areas
  • Ballroom (120) - Restaurant (150)
  • Large grounds - 1.69 hectares
  • Separate detached bungalow
  • Potential for redevelopment (STPP) - EPC: 58/C
  • Christie & Co Ref: 3847989

Description

Description

The Property was originally built as a family residence with origins that date back to 1870 and first opened as a hotel in approximately 1960. The Property is formed by a large original building which has been substantially extended to provide function areas and in total 104 guest bedrooms, lounge areas and restaurant. The original property is of traditional stone construction.

There are two principal extensions, both of brick construction and arranged over four floors. In addition, there is a bungalow of brick construction within the grounds, which is let to a third party.

The Property lies within extensive landscaped grounds extending to approximately four acres surrounded by mature trees. In recent years, the outdoor swimming pool has been filled in to extend an external terrace area.

Location

The coastal town of Sandown is situated on the south-eastern side of the Isle of Wight about three miles northeast of the neighbouring resort of Shanklin and five miles west of Bembridge. There are vehicle ferries from the mainland on the northern coast with Portsmouth/Fishbourne, Southampton/Cowes and Lymington/Yarmouth crossings.

There is also a regular hovercraft service between Southsea and Ryde from which train services are available for Sandown and Shanklin. The Property is situated at the north side of Sandown within an established residential area. There is another hotel in proximity to the Property along with a range of smaller hotels and guest houses which is typical for the area. There is a public park close to the Property.

The Island railway line runs immediately to the west boundary of the Property with Sandown Station a short walking distance.

Internal Details

* Reception
* Hotel Lounges
* Bar (80)
* Restaurant (150 Covers)
* Ballroom (120 Covers)
* Commercial Kitchen

Fixtures & Fittings

All owned fixtures and fittings are included in the sale.

Letting Accommodation

The hotel includes 106 letting bedrooms. The accommodation comprises:
51 double bedrooms
39 twin bedrooms
9 single bedrooms
5 Family
6 Staff Accommodation
2 Driver's rooms

External Details

On the site of the hotel is a detached bungalow which we are informed is rented on an AST and is managed by local estate agents.

Externally, a swimming pool has been filled in to provide a larger external seating area. The car park is tarmac paved and has space for c40 cars and three coaches.

The site extends to approximately 1.69 hectares (4.17 acres).

Owner's Accommodation

There is a detached bungalow situated to the rear of the hotel which is currently let out on an Assured Shorthold tenancy. Further information will be provided in the dataroom.

The Opportunity

Whilst the hotel is available to acquire on a single asset basis, Christie & Co are selling other hotels across the UK for the same seller. Additional information can be provided on request. Please contact the following for any multi asset enquiries
Jeremy Jones, Head of Brokerage (jeremy. )
Ed Bellfield, Regional Director (ed. )

Trading Information

Trading information can be made available upon agreement to Christie & Co's online NDA. Please visit the data room ( and specify the name of the hotel (Broadway Park Hotel).

Tenure

Freehold

Business Rates

Rateable value with effect from 1 April 2023: £98,000.

Energy Performance Certificates

EPC 1

Brochures

Broadway Park Hotel, Melville Street, Sandown, Isle of Wight, PO36 9DJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lake Station0.5 miles
  • Sandown Station0.8 miles
  • Shanklin Station1.5 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Hotels

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Notes

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Disclaimer - Property reference 3847989-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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