There is a guest dining room offering 150 covers with open feature fireplace, a fully stocked bar and a large decked terrace again with lovely direct sea views which many guests enjoy al fresco dining. To the front of the property there is parking for approximately 8 cars.
The hotel is open year round and caters for all including families and couples. There is a manager in place but the hotel could be owner run.
The restaurant currently does not trade but there is scope to re-open and offer a great dining experience for guests and the general public alike.
The turnover for year ending March 2015 was circa £310,000 net, full accounts can be shown to bona fide applicants only. Tariff Double for single occupancy from £80 Double or twin for two people from £100 Triple, twin or double plus extra from £120
Inventory & Stock
A full inventory can be provided, stock at valuation on completion.
All mains services are connected.
Our client is asking for offers in excess of £1,000,000.
Business Rates show Rateable Value £26,000, Rates Payable approx. £12,900 per annum.
Situated in the lovely coastal town of Ventnor overlooking the English Channel.
Ventnor is a Victorian seaside town and has benefitted from massive regeneration over the last 5 years and boasts some of the Islands best eateries and wine bars. It is also renowned for its annual Fringe festival which generally runs for 1 week in August, making the most of the unusual microclimate this side of the Island.
Ventnor benefits from a small harbour which offers fresh fish and crab daily and there are various producers offering fresh home grown produce locally and across the Island.
The property has been completely refurbished throughout and offers some of the most stylish holiday accommodation this side of the Island. The accommodation is arranged over 4 floors and comprises 28 letting rooms, 26 of which have direct sea views over the Esplanade and out to the English Channel, 13 of these rooms offer balconies.
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