Bed & Breakfasts for sale in Shanklin

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22 Bedroom Hotel in Excellent Location Sea views from gardens and a number of the letting rooms Swimming pool and sun terrace Flexible owner's accommodation Extensive public rooms Excellent trading figures

Shanklin, Isle of Wight, England

  • Freehold Price: £895,000
  • Sale Agreed
Seller Reference: COM875
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Business Description
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Seller Reference: COM875
Request Details
Business Description
Situated in a prime location on Queens Road and overlooking the sea The Havelock has been successfully run by the current owners for the past 11 years. Bed and Breakfast is offered from the 22 rooms over six months of the year leading to an excellent turnover and net profit (accounts will be available to bona fide applicants after viewing).
There is scope for new owners to expand the business by offering evening meals and/or extending the operating season if they so wish.
Shanklin is one of the main holiday locations of the Island, situated on the south east coast and has extensive sandy beaches. The hotel occupies an elevated position giving sea views from the grounds and some of the letting rooms. Close by are paths along the cliff top and down to the seafront, which can also be accessed by the nearby cliff lift. The famous Old Village is close by and the town centre is also within easy access.

Originally a Victorian building The Havelock has been extended to provide 22 letting rooms. A number of the rooms have sea views, two with balconies.

To the front of the property are attractive gardens with sea views and car parking, further parking is available to the rear of the property.
Entrance form the car park to reception area with reception desk and doors to the lounge-bar and dining room.
The dining room can accommodate up to 45 covers and overlooks the front garden. Patio doors lead to a terraced area with outdoor seating. The lounge-bar has a feature fireplace and bar area with range of optics etc. Patio doors to terrace.
Downstairs Ladies and Gents WC's. There are 22 letting rooms all of which are en suite and centrally heated. 10 of these room have sea views, two of which also have private balconies with seating. A full room list is available upon request. There is one ground floor room (single), the rest of the rooms being arranged over a further two floors:
First Floor Rooms 2 -12
Second Floor Rooms 14 - 23 The pool area can be accessed via walkways from both the first and second floors and provides a sunny sheltered spot for the enjoyment of guests. The pool has a paved area around it for sun loungers and there is a further decked area with tables and chairs. Access to the commercial kitchen from ground floor hallway. The kitchen has washing up, cooking and serving areas and 'in and out' doors to the dining room. There is a range of commercial catering equipment, a full inventory will be available. Within the kitchen there is also a dining area for use of the owners/staff and doors to the office area and owner's accommodation.
Door to the rear of the kitchen leading to a range of stores and the pump room for the pool.
The owner's accommodation consists of a lounge, bedroom and bathroom with a second bedroom/store. This accommodation could be extended (by the addition of a staircase) to include Room 11 which is currently a family suite of two bedrooms. Central heating to the property is provided by two gas fired boilers (approx. 7 years old) with hot water provided via a pressurised system. The owner's accommodation and Room 11 are on one system and the rest of the property on the other.
For further information please visit our clients own website:
Our clients are offering the business and premises with a guide price of £885,000 to include fixtures, fittings and goodwill. Each party to cover their own legal fees.
Business Rates
The VOA shows a rateable value of £15,000. Rates payable will be approx. £7600.
Location Details:
Excellent location within Shanklin close to cliff path, Old Village and sandy beaches.
Listed by:
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