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Leisure Facility for sale

Esplanade, Shanklin, Isle Of Wight, PO37

Sold STC £87,500

Property Description

Key features

  • Large, busy Beach concession on the Esplanade.
  • 320m frontage
  • Equipment included
  • New 10 year lease

Full description

Tenure: Leasehold

This is an excellent opportunity to acquire the largest beach concession and possibly one of the busiest along Shanklin sea front. Hope Beach is very well used by local residents and holiday visitors as it is close to public car parks, public toilets and also has a café on it.

The present licensee, who has run the concession for the last 20 years, is about to construct a permanent café/restaurant on a small part of the site and is therefore offering the beach concession for sale to include all the equipment. We feel that the beach will continue to be an attractive place for holidaymakers to visit and enjoy the area particularly as there will be a good café/restaurant on it.

The site has a frontage to the Esplanade of over 320m (see plan) and will be sold with all the equipment required to run it which will include: deck chairs, sunbeds and mattresses, parasols, windbreaks, 4 pedalo Splash Cats, 8 kayaks, 3 lock-up storage boxes and signage.
We understand that it may be possible to erect a wooden management hut/store on the site subject to obtaining the necessary planning permission from the local authority.

The Concession is being offered for sale on a new 10 year lease at a rent/license fee of £1011.1 per annum.

The annual boat license is £150 and the current annual public liability insurance premium is approximately is £600.

The site is available to view at any time but if you require information about the business, please contact our offices.

Plans of the proposed new café/restaurant are also available for viewing at our office and we believe that once this is constructed it will be a great asset to the Hope Beach Concession.

More information from this agent

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