This stunning property was built in the Victorian era and has become an ICON in the town having been trading as a Hotel since early last century.
The most recent owners have invested heavily in the business by adding a 4 bedroom luxurious house (completed in April 2013) which is attached to the business with one door internally through a state of the art brand new modern kitchen which is entered through the hotel reception.
The Castleton currently offers 10 fully en-suite letting rooms with a potential income of £1200.00 per day. The business is currently run as “4 Star Accommodation with breakfast” and offers a great opportunity for potential buyers to convert the large dining room and conservatory into a restaurant offering fine dining lunches and suppers (plus bar). Being located only 100 meters from the sandy beach on the main thoroughfare from Sandbanks ferry into Swanage the business is ideally located for passing trade. A new owner could either continue to run a successful business as “ 4 star accommodation with breakfast” or consider the many exciting options for increasing revenues and profits.
Due to personal reasons the business is currently run under management.
The current owners have also invested heavily in new systems and technology bringing The Castleton into the online marketplace and most recently, by July 1st 2016 takings and bookings had reached £150,000 for the part year( another guest house business of similar quality and tariff, in this area, which the agents have inspected is achieving a take of £20,000 per room per annum and therefore it is possible to project a £200,000 turnover for The Castleton in new ‘hands on’ management). The tariff for bed and breakfast per room per night ranges from £55 to £150 with typical high season rates of £120 per night per room with minimum 2 night stay. All 10 letting rooms and bathrooms have been recently updated (immaculate) and offer everything you would expect from a prestigious 4 star establishment that has won many awards including a Gold Award accolade by Enjoy England plus an Enjoy England Breakfast Award and in 2012, 2013,2014, 2015 and 2016 a Certificate of Excellence from Tripadvisor.
Swanage is a traditional English seaside resort close to Studland Beach and Sandbanks, with sandy beaches, historic surroundings and many attractions nearby. The town was originally a fishing village and grew during the Victorian times firstly exporting Purbeck Marble and Stone and later became a resort for the rich of the day. The town is at the east end of the Jurassic Coast World Heritage Site and the South West Coast Path. The town and local hospitality association are very active in promoting the attractions and festivals. Swanage is the known as the home of Scuba Diving. Annual Festivals include Blues, Walking, Jazz, Comedy, Folk and Carnival. One of the most significant attractions is the 6 mile long Swanage Heritage Steam Railway and it is confirmed that the railway will connect with the main network and bring regular trains to Swanage from London Waterloo.
The best and most strategically well marketed business the agents have seen.
This is a walk in turn key business, for viewings please contact Lawrence Wright, full accounts will be provided to all qualified prospects.
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