Holiday Flats/Apartments for sale in Isle of Wight

View the "FREEHOLD HOLIDAY INVESTMENT PROPERTY" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £1,250,000
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Business Description
The property has been recently refurbished throughout and now provides 8 holiday letting apartments as detailed below. The majority of the apartments have their own private balcony, terrace or patio and some also have sea views. To the outside there is parking for approximately 8 cars and lawned front gardens which look out to sea. Four of the apartments have been awarded 5 star 'Enjoy England' Self Catering Gold Awards and the remaining four apartments have 4 star Gold Awards.
The apartments are let out on a weekly basis or weekends, depending on availability. The tariff varies depending on time of year and length of stay but ranges from £720 per week to £1,950 per week. The villas have produced an annual turnover of circa £195,000 with good profit margins. Shanklin Villa Apartments offer an investment opportunity to acquire a fully refurbished block of holiday apartments on the South Coast of the Island.
Tenure: Freehold

Location Details:

Shanklin Villa Apartments occupy a prominent and elevated position just a few minutes walk from the famous Shanklin Chine, and also benefit from being close to the town's sandy beaches. Reputedly a former Victorian gentleman's residence, the property enjoys far reaching sea views across Sandown Bay from its front elevation.

Listed by: Gully Howard
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