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Hotel for sale

The Wellington Hotel

£1,000,000

Property Description

Full description

Tenure: Freehold

LOCATION
Situated in the lovely coastal town of Ventnor overlooking the English Channel.
Ventnor is a Victorian seaside town and has benefitted from massive regeneration over the last 5 years and boasts some of the Islands best eateries and wine bars. It is also renowned for its annual Fringe festival which generally runs for 1 week in August, making the most of the unusual microclimate this side of the Island.
Ventnor benefits from a small harbour which offers fresh fish and crab daily and there are various producers offering fresh home grown produce locally and across the Island.

DESCRIPTION
The property has been completely refurbished throughout and offers some of the most stylish holiday accommodation this side of the Island.

The accommodation is arranged over 4 floors and comprises 28 letting rooms, 26 of which have direct sea views over the Esplanade and out to the English Channel, 13 of these rooms offer balconies.

There is a guest dining room offering 150 covers with open feature fireplace, a fully stocked bar and a large decked terrace again with lovely direct sea views which many guests enjoy al fresco dining.

To the front of the property there is parking for approximately 8 cars.


ACCOMMODATION
The Business
The hotel is open year round and caters for all types of customers including families and couples. There is a manager in place but the hotel could be owner run.
The restaurant currently does not trade but there is scope to re-open and offer a great dining experience for guests and the general public alike.
The turnover for Year ending March 2015 was circa £310,000 net, full accounts can be shown to bona fide applicants only.

Tariff
Double for single occupancy from £80
Double or twin for two people from £100
Triple, twin or double plus extra from £120

AMENITIES
Tenure
Freehold

Inventory & Stock
A full inventory can be provided, stock at valuation on completion.

SERVICES
All mains services are connected.

TERMS
Our client is asking for offers in excess of £1,000,000.

OUTGOINGS
Business Rates show Rateable Value £26,000, Rates Payable approx. £12,900 per annum.

PARKING NOTES
8 Parking spaces to the front of the property, on Belgrave Road.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 to arrange.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Shanklin (3.1 mi)
  • Lake (4.1 mi)
  • Sandown (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hose Rhodes Dickson, Newport

138 High Street, Newport, PO30 1TY

01983 646067 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 (3.1 mi)
  • Lake (4.1 mi)
  • Sandown (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hose Rhodes Dickson, Newport

138 High Street, Newport, PO30 1TY

01983 646067 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.

Disclaimer - Property reference 101276025793. 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 Hose Rhodes Dickson, Newport. 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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