6 Castlemona Terrace, Central Promenade, IM2

A rare opportunity to acquire a commanding and thriving 4* Gold Hotel occupying a prime location on Douglas promenade, with stunning coastal views from most rooms.

Comprising 20 guest suites that sleep up to 47, a restaurant and bar with a license for 73 covers, a contemporary triple en suite apartment, a modernised 1 bed apartment and impressive fully-equipped gym, making up some of the facilities that this prestigious property offers.

Included within the sale are all furnishings, fixtures, fittings and future bookings, making this an ideal opportunity for anybody seeking to acquire a successful and established turn key operation.

Stepping into the property, we enter a welcoming reception hallway with lift access to the upper floors and which leads directly into the fully-licensed restaurant and comprehensively-stocked bar. From its elevated position, guests experience breathtaking views across Douglas bay and out to sea whilst enjoying the contemporary surroundings of this fully modernised and attractive social space. Beyond the bar area is a sports bar that houses guest toilets. Completing the ground floor is a large commercial kitchen.

Stairs to the first floor lead to a private apartment that spans the entire floor space and is used by the current owners as living accommodation. The apartment is in keeping with the style of the hotel and comprises three double en suite bedrooms, and open plan living accommodation with a recently installed contemporary Kitchen and balcony offering stunning coastal views. Whilst this is currently used as Owners Accommodation it could be changed back to increase the number of guest rooms or alternatively let to guests seeking self catering accommodation and therefore increasing the revenue options for the hotel.

The guest suites are located on the upper floors of the building, with seven rooms on each of the second and third floors and a further six suites on the top floor. The guest bedrooms are uniform in presentation, with similar finishings in each room. A typical bedroom will comprise of an en suite shower room with plumbed shower, wash basin, WC, illuminated mirror, heated towel rail, towels and PIR downlights.

Each bedroom benefits from recently fitted charcoal carpet, uPVC double glazed window - most with coastal views - window blinds, a dressing table, stool and mirror, side table, hanging rail, modern lamp and lighting, kettle with tea and coffee facilities, contemporary high-specification walnut fire doors and of course a bed or beds with the appropriate bedding.

The composition of the 20 bedrooms includes two single rooms, four twins, seven doubles, six triples and a family room. There is the option to add additional beds during the busy periods such as TT or MGP.

The lower ground floor incorporates a recently converted contemporary 1 bed luxury apartment with its own external entrance, ideal for generating additional income as a holiday let or as a serviced apartment, with guests able to benefit from the hotel’s facilities and services. Also on the lower ground floor is a professional laundry room with commercial washing machine, further washing machine and multiple drying facilities allowing for the laundry for the hotel to be managed on site as required. The lower ground floor also offers various stores, a boiler room and an office. In addition, lift access leads to an impressive and well-equipped gym that includes an infrared sauna, guest changing facilities/shower room and an excellent range of enviable cardio machines, weight racks and free weights all for guests to enjoy.

Externally, a range of outside bench seating is located on a licensed terrace area that is popular with guests in the summer months.

Included in the asking price of the hotel is all of the furnishings, with the exception of a couple of personal items belonging to the current owners. All fixtures are included as well as the stock, equipment, property owning and trading business as well as the website, booking system, and all future bookings.

The trading performance of the hotel has generated impressive financial results since it has been under the stewardship of the current owners, however despite this there are options for these returns to be increased by new owners such as generating revenue of the Christmas and New Year calendar or by letting the 3 bed apartment to name a few. The financial statements for the hotel will be made available to genuinely interested parties, subject to executing an appropriate non disclosure agreement.