Hotel for sale

The Albion Hotel, Freshwater Bay, Freshwater, Isle of Wight, PO40 9RA

Guide Price £2,500,000

Property Description

Commercial information

  • Business for sale

Key features

  • Stunning views of Freshwater Bay
  • 41 en suite bedrooms
  • Lounge bar (45), dining room (100) & bar (25)
  • Large indoor pool, large car park
  • External front terrace for 30 covers
  • Potential for alternative use (STPP), Energy Rating C

Full description

Tenure: Freehold

Description

The 41 bedroom hotel dates back to the 1600s with various modern extensions.

All 41 bedrooms have been completely refurbished and feature large private bathrooms with separate shower and bath, colour televisions with integrated radios, direct dial telephones, hairdryers, tea and coffee making facilities, all with sea views except with the exception of four that have land views.

Location

The Albion Hotel is ideally positioned with fantastic views across Freshwater Bay. The hotel is at the heart of the Isle of Wight's southern Heritage Coast and in an Area of Outstanding Natural Beauty.

The hotel is approximately three miles south of Yarmouth, 12 miles west of Newport and Cowes is 14 miles. Vehicle ferries arrive and depart from the northern coast. Mainland crossings run between Portsmouth and Fishbourne, Southampton and Cowes and Lymington and Yarmouth. There is a regular hovercraft service from Southsea to Ryde and the Island's airport is three miles away.

Internal Details

Public areas include a fully furnished lounge bar (45 covers) with panoramic sea views, a dining room (180 covers) with front facing sea views and a large reception area. Passenger lift connecting all three floors.

Other Floors

Extensive commercial kitchen fitted with a range of quality stainless-steel catering equipment. Various stores, free standing chiller/freezer, dairy fridge, food preparation and wash-up areas.

Fixtures & Fittings

We are informed by the vendors that the majority of the trade fixtures and fittings will be included in the sale. An inventory will be provided by the seller once a sale has been agreed.

External Details

External front terrace for 30 covers and large rear car park.

The Opportunity

The Albion Hotel represents a unique opportunity to acquire an iconic 41 bedroom Isle of Wight hotel, boasting stunning sea views over Freshwater Bay. The Hotel has been in the same ownership for over 17 years and is currently run under management. The hotel has already been completely developed and refurbished. There is no further planned refurbishment envisaged other than general annual redecorating and maintenance which is on-going.

The business trades from its website www.sandringhamhotel.co.uk/albion

Staff

The current owners manage a portfolio of hotels on the Island and are looking to rationalise their estate. The hotel has a strong complement of both full time, part time and seasonal staff, who will transfer with the business (TUPE).

Trading Information

Trading figures to be provided to seriously interested parties.

Planning Permissions

C1 (Hotels).

Business Rates

The Rateable Value is £86,000 for the year commencing April 2010.

Regulatory

Premises Licence.


More information from this agent

Nearest station

  • Lymington Pier (6.1 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest station

  • Lymington Pier (6.1 mi)
Distances are straight line measurements from centre of postcode

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