The hotel is equipped with a 3 Zones heating system, which was only recently installed, including a new hot water tank and 2 new boilers with provision for solar panel installation.
The hotel benefits from a one bed flat which is rented privately generating an additional income of £100 per week.
The current owners operate The Roseglen Hotel on both a half board and bed & breakfast basis having earned an excellent reputation for good quality home cooking. Through their hard work and efforts, they have achieved a 2 Star Enjoy England rating and a 5 Star Hygiene rating, and are able to charge between £25/ £40 per person, per night on a bed & breakfast basis during the summer months and up to £52 per person, per night on a half board basis, in the peak season.
A 'Door to Door' service is also being provided by the current owners, collecting guests from their front door (within 80 miles of Southampton), giving tours of the Isle of Wight during their stay and delivering them home again. The tariff for this highly popular service, which includes all transport costs, dinner, bed & breakfast and accommodation, is between £240 per person in the low season and £410 per person in the peak season.
'Tinsel & Turkey', 5 day breaks are offered during the month of November, achieving £245 per person.
A strong, buoyant turnover is demonstrated by accounts provided, with a healthy net profit clearly available to the right operators. Detailed accounts will be available to bona fide applicants after inspection of the business premises.
For sale with offers invited 'in the region of' £485,000 for the business premises, fixtures, fittings and goodwill.
Number of bedrooms: 4
The owner's accommodation is situated at lower ground floor level and has both private access and a connection with the main hotel accommodation. Currently comprising a lounge, kitchen, one en-suite bedroom and private bathroom. The lower ground floor also benefits from three further bedrooms, two of which are currently used for staff accommodation and one as a store.
The Roseglen Hotel occupies a prominent location within a popular area, home to a number of hotels and guest houses and is situated within close reach of the town centre and a wide variety of attractions including sandy beaches, the picturesque Old Village and Shanklin Chine.
The town forms part of the Sandown-Shanklin-Lake conurbation with a resident population of around 19,500, considerably boosted during the summer months by tourists. The town benefits from a rail link from Ryde Pierhead, encouraging further short stay visitors in addition to those travelling by car. Shanklin is host to a number of restaurants and public houses providing a choice of food and entertainment for visitors to the area.
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