5-star Guest House in Shanklin Isle of Wight

Price:

Freehold - £674,950

Turnover:

Seller Ref:

2657

Location:

Isle of Wight , Shanklin

Business Type:

Hotels

See Other:

Guest houses for sale in Isle of Wight
Hotels and motels for sale in Isle of Wight
Bed & breakfasts for sale in Isle of Wight
Hotels for sale in Isle of Wight

Description:

THE BUSINESS:

Preferred Commercial is delighted to offer for sale this thriving 5 star guest house, which was established in 1980 and which has been in our client's careful hand since 2000. The guest house is only now offered to the market due to our client's wish to retire. The business is run at a pace to suit our client and trades 6 months a year, generating a turnover in the region of £60,073 per annum with a gross profit of 60%, derived from 8-letting rooms, conference room, whirlpool spa and a breakfast menu. We feel the turnover could be increased by extending opening hours to all year round. There is also the opportunity to embark on a modest marketing campaign to generate more trade. The business has an enviable reputation and has been awarded the top Guest Accommodation standard of Five Stars Gold by Enjoy England for ten years running. There is a comprehensive website in place advertising the accommodation and services provided, which we feel could benefit from the introduction of online booking facilities. The premises are well-equipped and have been finished to the highest standard throughout. The conference facilities are ideal for board meetings, AGMs and client presentations, with a perfect blend of informality and efficiency. There is also self-contained 4-bedroom owners' accommodation with lounge, kitchen and bathroom to the rear of the premises. This is an ideal opportunity to acquire an already thriving guest house in a walk-in-and-trade condition and huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Location Details:

Foxhills of Shanklin occupies substantial detached 2-storey premises ideally located on a main road in the town of Shanklin, Isle of Wight. The premises benefit from ample private parking and are close to the town's amenities. There are a number of bus stops and a variety of complementary shops and businesses in the area. The seafront and the railway station are within easy walking distance. Shanklin is a popular seaside resort and boasts many attractions including a sandy beach, the old village and the Shanklin Chine with its dramatic waterfalls and nature trail. Vetnor is approximately 4 miles away, while Newport and Ryde both lie less than 9 miles away.

Trading Hours:

April to September

Accommodation:

Substantial detached 2-storey premises with 8 letting rooms and 4-bedroom owners' accommodation. Briefly comprising: Ground Floor • Entrance hall • Lounge • Gatcombe: double with en-suite • Spa room • Conference room • Breakfast room • Commercial kitchen • Laundry room • Linen/ironing room First Floor • Osborne: double with en-suite • St Catherines: twin with en-suite • Totland: large double with en-suite • Yaverland: double with en-suite • Bembridge: double or twin with en-suite • Carisbrooke: double with en-suite • Beauty therapy room • Arreton: double with en-suite • Solarium room Owners' Accommodation Ground floor • 3 x double bedrooms • Single bedroom, First Floor • Kitchen • Lounge • Bathroom External • Boiler room • Large private garden • Parking for up to 12 vehicles