Bed & Breakfasts for sale in Isle of Wight

View the "20 BEDROOM HOTEL SHANKLIN ISLE OF WIGHT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Freehold Price: £750,000
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Business Description
A substantial building arranged over two floors offering 20 ensuite bedrooms, the majority of which are doubles (with flexibility to be arranged as twins) and family rooms. The hotel enjoys a buoyant trade boosted by being able to accommodate School Parties, if required, outside of the Summer season. The hotel is currently closed during the Christmas and New Year period and 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
Good sized, well presented 1 bedroom owner's accommodation plus potential for 2 further bedrooms.
THE BUSINESS
The hotel enjoys a healthy turnover with a gross margin of circa 85%, which has steadily increased year on year
Tenure: Freehold

Location Details:

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.

Downloadable Documents

Listed by: Gully Howard
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