Established and Profitable 20 En-Suite Bedroom Hotel in Shanklin For Sale
The hotel benefits from customer parking and sea views, Good sized, well presented 1 bedroom owner’s accommodation plus potential for 2 further bedrooms. For Sale with offers invited in the region of £ for the benefit of the freehold interest, ffgw plus s.a.v.
LOCATION Located on the South Coast of the Island, in Shanklin close to beaches and in an elevated position affording far reaching views over the English Channel. 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 and Lake conurbation which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensures high numbers of visitors and tourists, boosting the local population of around 19,500.
DESCRIPTION A substantial building arranged over two floors offering 20 ensuite bedrooms, 2 of which are singles with the remainder being doubles (with flexibility to be arranged as twins and family rooms). Albeit the hotel has a buoyant trade over the Summer months, it is School Parties that bring in a substantial amount of its income from early October to the middle of July each year. The hotel currently has a capacity to provide accommodation for 75 children and 8 teachers. This is a style of trading developed by the current owners which offers them the ability to have weekends to themselves during these months as School Parties stay only Mondays to Fridays. There is potential, therefore, to increase turnover in the future, if required, by trading during weekends over this period. The hotel is also currently closed during the Christmas and New Year period and again, there is potential for future owners to open during this period and take advantage of the considerable additional income this could provide. All of the bedrooms have recently been redecorated. The premises are licensed supporting the Bar and Lounge areas.
OUTSIDE The car park supporting the hotel has provision for 15 cars with substantial gardens to the front of the building providing far reaching sea views.
OWNER’S ACCOMMODATION The Owner’s accommodation is a substantial, well presented one bedroom flat, benefitting from its own facilities and sea views.
Town / City: Shanklin
Status: For Sale
Type: Hotel / B&B
Company Name: Gully Howard. Chartered Surveyors and Commercial Property Agents
Company Tel: 01983 822555