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Hotel for sale

Hope Road, Shanklin

Sold by Us £395,000

Property Description

Full description

Tenure: Freehold

LOCATION
Located on Hope Road Shanklin, the only road leading to the beach and within easy reach of the sea front, town centre, station and renowned Old Village.

DESCRIPTION
St Brelades is a non trading hotel situated in an excellent location within Shanklin.

St Brelades has had a long history of successful trading until recently but now needs programmes of refurbishment and marketing to re establish the business. The premises represents somewhat of a 'blank canvas' for new owners to put their stamp on.

The vendors have begun a programme of refurbishment but due to unforeseen family circumstances now need to pass the property on to new owners to complete the project.

The accommodation is currently arranged to provide 14 letting rooms with two singles, three family suites and a variety of doubles and twins arranged over two floors and accessed by two staircases. The owner's accommodation can be arranged to provide two/three bedrooms with a bathroom, en suite and living over two floors with private internal staircase.

Additional accommodation includes a reception area, bar, dining room, lounge and WC. A good sized, well equipped commercial kitchen services the accommodation.

To the rear of the property there is a tiered garden while there is parking for a number of cars to the front.

The premises could also be converted to provide self catering holiday accommodation or apartments subject to the relevant consents.

OUTGOINGS
Business rates show a rateable value of £7,200. Rates payable per annum approx. £3,600.


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