Skip to content
COMMERCIAL

Palmerston Road, Shanklin

Guide Price
£475,000
Arthur Wheeler Estate Agents, Shanklin
PROPERTY TYPE

Hotel

SIZE

Ask agent

Key features

  • TOWN CENTRE LOCATION
  • 10 BEDROOMS
  • DETACHED
  • FLEXIBLE ACCOMODATION
  • THREE ADDITIONAL SUB-LET FLATS
  • CLOSE TO BEACHES

Description

This well established licensed hotel has been run by that present owners for 14 years and is now for sale owing to their changing lifestyles.
The business is currently run on a flexible B&B basis utilising 10 guest bedrooms with an additional owners Bedroom. There are also three sub-let flats on the lower ground floor let individually. Rooms 5, 8 and 9 can be let out on an AST basis and if so, there is a Communal Lounge and Kitchen allied to these rooms.
The property is an attractive Victorian building which has been extended and altered to the side and the rear and is located in a very good letting area being only a few hundred yards from the main shopping centre of the Town and about a 400 yard level walk to the Cliff-Path with lift and steps down to the beach. Many of the bookings are received from Booking.com.
The accommodation is warmed by gas fired central heating with at least 90% of the windows being replacement uPVC units. Some of the first floor accommodation has been upgraded in recent times. Currently the business operates for approximately 9 months of the year.
In our opinion, this business would be ideally suited for someone wishing to make a start into the leisure trade as it offers scope for changes and it also has a very good steady income from the three permanently let units. We recommend an internal viewing to appreciate the hotel and its accommodation which comprises:-

Full Description - FIRST FLOOR

GALLERIED LANDING with cleaning cupboard.

BEDROOM 5 - DOUBLE with EN-SUITE SHOWER WC

BEDROOM 8 - DOUBLE with EN-SUITE BATH/WC Currently Let on an AST £160.00 per week.

BEDROOM 9 - DOUBLE with EN-SUITE SHOWER WC Currently Let on an AST £130.00 per week.

BEDROOM 10 - FAMILY OF THREE with EN-SUITE SHOWER WC

BEDROOM 11 - SINGLE with EN-SUITE BATH/WC

BEDROOM 12 - FAMILY OF FOUR with EN-SUITE SHOWER WC

BEDROOM 14 - FAMILY OF THREE with EN-SUITE BATH/WC

COMMUNAL LOUNGE: with TV point.

COMMUNAL KITCHEN: with wood effect laminate worktops with white shaker style units with 2 gas hobs with extractors
over, 2 electric cookers and 2 stainless steel sink units.

GROUND FLOOR

ENTRANCE HALL with stairs to first floor and door and stairs to lower ground floor.

SEPARATE WC

GUEST’S LOUNGE with Reception Counter and Office off.

BAR with fitted counter and built-in shelving.

DINING ROOM with original ceiling coving and dado rail. Separate tables and chairs with seating for 22 plus guests.

KITCHEN which is well equipped with equipment including stainless steel work tables and shelving, sink, commercial oven, hot cupboards, gas grill, shelving, fridge freezers, worktops etc. Doorway to:

WASH-UP ROOM with range of fitted worktops and shelving, sink unit, dishwasher etc. Door to:

STILL ROOM with all the tea and coffee making facilities.

BEDROOM 1 - TWIN with EN-SUITE BATHROOM WC

BEDROOM 2 - SINGLE with EN-SUITE SHOWER WC

OWNER’S BED (ROOM 3) - TWIN/DOUBLE with EN-SUITE BATHROOM

BEDROOM 4 - TWIN.DOUBLE with EN-SUITE SHOWER/WC

LOWER GROUND FLOOR

The majority of the accommodation on this level is arranged as two 1 Bedroom Flats and a Bedsit. All three units are
currently let on Assured Shorthold Tenancies at rents of £150, £125, £100 per week respectively and the third unit commands a rent of £150 per week if re-let.

LAUNDRY ROOM with washing machines and dryers etc.

STORE ROOM

STAFF BEDROOM - SINGLE with EN-SUITE BATHROOM.

WORKSHOP STORE

OUTSIDE

BOILER ROOM with gas boiler supplying central heating and hot water.

FRONT PATIO TERRACE with shrubs and flower borders.

REAR GARDEN which is laid to paving and gravel with a wooden Deck Area, wooden garden furniture and a wooden
Pergola.

TENURE Freehold (to be confirmed).

SERVICES All mains connected.

UNIFORM BUSINESS RATE £8,400

COUNCIL TAX BAND for Flats at the property Band A. Can be confirmed by the Isle of Wight Council ).

EPC Rating C

VIEWING STRICTLY BY APPOINTMENT THROUGH ARTHUR WHEELER ESTATE AGENTS



Brochures

Palmerston Road, Shanklin

Palmerston Road, Shanklin

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shanklin Station0.3 miles
  • Lake Station1.2 miles
  • Sandown Station2.5 miles

About the agent

Arthur Wheeler Estate Agents, Shanklin

46 Regent Street, Shanklin, PO37 7AA

Arthur Wheeler Estate Agents, Shanklin

Arthur Wheeler Estate Agents have been established in Shanklin for over 50 years and we pride ourselves on being a friendly and independent agency offering a professional service coupled with extensive local knowledge.

From our well positioned offices in the main shopping area of Shanklin, we offer a quality service to both our buyers and sellers wishing to move in the South Wight area. We offer all types of property, both residential and commercial, from first homes to country properti

More properties from this agent

Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 32858457. 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 Arthur Wheeler Estate Agents, Shanklin. 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.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.