14 BED HOTEL + 3 BED OWNER'S ACCOMMODATION
Price:
Freehold - £349,950
Location:
Isle of Wight , Lake
Rowanhurst Hotel is a prominent, detached late Victorian building situated within the popular town of Lake, between Sandown and Shanklin, backing on to the well known Cliff Path with steps down to sandy beaches. The Heights leisure complex is nearby and offers indoor swimming and other leisure facilities.
Furthermore, tourists travelling to the Island without a car are able to travel by train from Ryde Pierhead stopping at Lake's own railway station.
Successfully operated by the current owners for the past 23 seasons, Rowanhurst is advertised in a variety of Christian magazines and websites and caters for all ages, encouraging young families and senior citizens alike to stay and enjoy an hospitable atmosphere. Rowanhurst offers the opportunity to trade under various guises and may suit school parties and further private trade.
Benefiting from a large car-park to the rear of the hotel, the owners advise that up to 12 cars can be accommodated. The majority of the hotel rooms overlook well tended gardens and benefit from en-suite facilities. Guests can enjoy a separate dining room and guest lounge, all supported by an equipped kitchen and preparation area.
The current owners choose to operate a much shortened season, trading from 3rd July until mid September. Rooms are offered on a half board basis with a minimum daily rate of £27 per person per night, subject to a minimum stay of 3 nights. There is potential to increase trade by inviting school parties, coach business and further private guest trade, should the new occupiers prefer. We strongly feel that new operators can re-energise the business resulting in turnover and profitability to new levels. Detailed financial information is available to bona fide applicants after inspection.
Separately accessed from the hotel, with all accommodation on the ground floor, comprising an attractive lounge with patio doors, kitchen/ diner, 3 bedrooms and bathroom.
UK Non-Specific
£ 800,000
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