Waterfront Inn, Esplanade, Shanklin, Isle of Wight, PO37 6BN
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Freehold investment - Waterfront Inn
- Substantial building that includes bar, restaurant plus guest rooms
- Located over-looking the sandy beaches at Shanklin Esplanade
- Business has been operating for since 2018
- No rent arrears, 6 month rent deposit and two personal guarantors
- Suit investors - SPV available
- Currently producing £82,250 per annum (attractive 10% gross initial yield)
- Online Auction on Thursday, 22 May 2025
Description
A substantial building offering Bar, Restaurant and extensive terraces to the front, with panoramic views of the beaches and way across towards Whitecliff Bay. The top terrace can be enclosed and heated to facilitate all year round use and together with a Bar and Dining Room they provide 190 covers in total. In addition to this there are 8 guest rooms, 3 of which have sea views and all of which have en-suite facilities and flat screen TVs. There is also owners’ accommodation comprising one bedroom (en-suite), plus sitting room, office and conservatory and to the rear of the property are staff facilities, storage and utility areas, and access to the beer cellar. There is also a parking area for 5 cars. See photo gallery by clicking HERE.
Location:
Situated on Shanklin’s award winning seafront with spectacular sea views is this well-kept bar, restaurant and hotel. Shanklin is located to the East of the island. The town boasts one of the busiest esplanades on the island supported by many restaurants, bars and leisure facilities. The main town of Shanklin itself offers great retail shopping, pharmacies, cafes, churches and is on a main bus route with easy links to other island hotspots such as Ryde, Newport, Sandown and Ventnor. Shanklin is a seaside resort town on the Isle of Wight, located on Sandown Bay. Shanklin is the southernmost of three settlements which occupy the bay, and is close to Lake and Sandown. The sandy beach, its Old Village and a wooded ravine, Shanklin Chine, are its main attractions. The esplanade along the beach is occupied by hotels and restaurants for the most part, and is one of the most tourist-oriented parts of the town. The property is located on Shanklin Esplanade overlooking the expansive sandy beaches which wrap around Shanklin Bay. There It also has a railway station which goes through to Lake, Sandown, Brading and Ryde Pier Head to link up with Wightlink’s fast passenger ferries to Portsmouth Harbour and trains onwards to London Waterloo and Gatwick.
Tenancy:
A Fully Repairing and Insuring lease on a 15 year term from 1st February 2018. The current passing rent is £82,250 per annum. The current owners are holding a 6 month rent deposit along with two separate rent guarantors that will be passed on to the purchaser. The tenant is trading as The Waterfront -
Online Auction on Thursday, 22 May 2025. For further information, such as legal documents and property information, please visit bidx1.com.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Waterfront Inn, Esplanade, Shanklin, Isle of Wight, PO37 6BN
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Visit our security centre to find out moreDisclaimer - Property reference 103005. 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 BidX1 Commercial, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call BidX1 Commercial, London on 020 3909 9740.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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