Guest Houses for sale in Ryde

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18 Letting Room Guest Accommodation

Ryde, Isle of Wight, England

  • Freehold Price: £500,000  Price Reduced arrow_drop_down
Seller Reference: COM882
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Business Description
 
 
 
 
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Seller Reference: COM882
Request Details
Business Description
Location
Abingdon Lodge sits prominently on the corner of West Street and Green Street which is one of the main junctions approaching the popular resort town of Ryde. It is within easy walking distance of Ryde’s main shopping centre where there is a surfeit of shops, pubs and restaurants to suit all pockets. The hotel also boasts being close to many tourist attractions and other local amenities.

It is a popular choice for weekend visitors and repeat clientele of all ages. Easily accessible. The Abingdon is open throughout the year attracting clientele visiting the Island on business, contractors, students attending the local independent school and, of course, tourists during the very busy season of March – October. With an ever growing residential population and an attractive sandy sea front the town attracts strong year round trade.

Ryde is the Islands largest town with a population circa 24,000 (2011 Census) which is considerably boosted year round due to the fast passenger links with Hovercraft and Fast Cat to Portsmouth and Southsea and also the car ferry from Portsmouth to Fishbourne. (The hotel is approximately 8 minutes away from Fishbourne Terminal).

The Business
The hotel has been established for over 26 years with this being only the second owners. During their occupation (now in the 13th year), the hotel has earned a good reputation for clean and comfortable accommodation and a high level of service. In this advantageous location Abingdon Lodge, with its convenient hours and competitive prices maintains an extensive base of repeat clientele while continuing o attract new clients.

The Lodge offers en suite accommodation at very good rates ranging from £35 for single occupancy in the low season to £70 for double/twin rooms in the high season.

The business is very easy to run by the proprietor and three/four part time housekeepers during the peak season.

The Abingdon has operated as a ‘Travel Lodge’ type, room only basis but offers guests the option of a continental breakfast if required.

Accommodation
This impressive double fronted property offers accommodation over 4 floors, with 16 letting rooms comprising seven doubles, five twins, three family rooms and three single rooms, plus two suites with separate entrances and an interconnecting door to accommodate larger parties.

All rooms offer en-suites, some with showers and baths, all have tea and coffee making facilities, fridges and flat screen televisions with DVD players and Freeview. Free Wi-Fi is also available to guests.

To the rear of the property is a generous car park offering free parking for at least 10 vehicles leading to a patio area with outdoor seating and the generous reception area.

The well-proportioned owners’ accommodation with separate entrance comprises bedroom, bathroom, living room and kitchen. This unit is separately rated for Council tax, Band A, and could be let either as another suite for guest accommodation or as a residential apartment to further increase the business.

The property also offers a premises licence for the sale and consumption of alcohol and an integrated fire alarm system.

This property offers a fantastic opportunity with potential to build on the existing business levels and customer base and has a proven history of positive accounts, these can be shown to bone fide applicants, once a viewing has been undertaken and a non-disclosure agreement signed.

The business has an online booking system on their own website and also utilises other booking agents such as Tourism South East, Visit England, Laterooms.com, Expedia.com, Booking.com, Isleofwight.co.uk, and HRS.com.

Viewings
All viewings strictly by appointment, to be arranged via HRD Commercial. Please contact 01983 527727.

Business Rates
The current rateable value is £8,000, using the UBR of 0.479 this makes the rates payable approximately £3,832 per annum, this is without any applicable small business rates relief which the property would qualify for. A separate application to the IW Council will need to be made in respect of this.
Tenure:
Freehold
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