0 Bed Hotel For Sale

LOCATION
Located in an enviable position, on Shanklin´s popular esplanade, with its sandy beaches and various attractions. This location offers far-reaching sea views across the English Channel to Sandown Bay and Luccombe.

Shanklin is the Island's major town on the south coast and serves as a day-to-day needs centre, particularly for the Sandown, Shanklin Lake conurbation, which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensure high numbers of visitors and tourists, particularly in the Summer season, boosting the local population of around 19,500. 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.

DESCRIPTION
Operated by the current owners since they purchased the property in 2011, all the rooms have been upgraded to a very high standard.

In 2017 it was decided to convert the Ground Floor public space into two further suites, each with their own private sun terrace. Two of the other rooms benefit from their own private balconies facing the beach. Six of the eight suites are equipped with King size beds, with the remaining two offering twin beds for their occupants. Guests have use of complimentary Wi Fi throughout the property.

Heating and water systems benefit from a water softener and are modern, high capacity and high-tech equipment.

Owners Accommodation
Generous two-bed flat to the rear of the property arranged over the first and second floors. The master bedroom has an en-suite shower rooms and WC, there is a guest bedroom, office, lounge, well-fitted kitchen, family bathroom and WC

Over the last 3 years, the business has managed a net profit margin in excess of 75% of turnover.

TERMS
Offers are invited in the region of £1.15m for the leasehold premises (900yr lease from 1885), Business, Goodwill, Fixtures & Fittings.

VIEWING
Strictly by appointment with sole agents. Call Lisa Mercer or Charlie Dickson on or email