Attractive Profitable 12 Bed Hotel For Sale

Business description

Attractive, detached Victorian Villa in the heart of Shanklin, Isle of Wight

2 Star 'Enjoy England' guest accommodation comprising 12 en-suite rooms, licensed bar lounge & 26 cover dining room

Separately accessed owner's suite with up to 3/4 bedrooms & garden. Separate one bed flat generating additional income

For sale with offers invited 'in the region of' £525,000 for the business premises, fixtures, fittings & goodwill

Property information

Property:

Freehold

Living accommodation:

The owner's accommodation is situated at lower ground floor level and has both private access and a connection with the main hotel accommodation. Currently comprising a lounge, kitchen, one en-suite bedroom and private bathroom. The lower ground floor also benefits from three further bedrooms, two of which are currently used for staff accommodation and one as a store.

Location:

The Roseglen Hotel occupies a prominent location within a popular area, home to a number of hotels and guest houses and is situated within close reach of the town centre and a wide variety of attractions including sandy beaches, the picturesque Old Village and Shanklin Chine.

Shanklin is the Island's major town on the south coast and serves as a day-to-day needs centre, particularly for the Sandown, Shanklin and Lake conurbation, themselves wrapping around Sandown Bay. The sandy beaches and leisure offer of the area ensures high numbers of visitors and tourists, boosting the local population of around 19,500. The town benefits from a rail link from Ryde Pierhead, encouraging further short stay visitors in addition to those travelling by car. Shanklin is host to a number of restaurants and public houses providing a choice of food and entertainment for visitors to the area.

Premises details:

The Roseglen Hotel is a detached, bay fronted Victorian residence providing 12 en-suite guest rooms, all which are well equipped and pleasantly decorated (Room Schedule overleaf). Guests can relax in the spacious & comfortable licensed bar lounge and are served breakfast and evening meals in the dining room which is conveniently situated next to the comprehensively equipped commercial kitchen. The public areas are impressively decorated with ornate coving, picture and dado rails and chandeliers. Both the guest lounge and dining room enjoy the benefit of large bay windows and casement doors leading to a terraced patio arear to the front. A utility room, office, laundry room, store room, workshop and bin store complete the commercial accommodation.

The hotel is equipped with a 3 Zones heating system, which was only recently installed, including a new hot water tank and 2 new boilers with provision for solar panel installation.

The hotel benefits from a one bed flat which is rented privately generating an additional income of £100 per week.

Business Operation

Reasons for selling:

retirement

Other information

Related documents:

• 
• Floor Plan