Holiday Apartments in IOM Tax Haven For Sale

Business description

The Business Partnership is delighted to offer this excellent opportunity to acquire a well prepared business, in recently refurbished premises. The scope to exploit the opportunities created by the present owners is extensive. The apartments are furnished to a very high standard and have already established year round bookings with many periods when the entire property is fully booked. The Isle of Man tourism economy benefits from a number of key events during the year including the TT Races and the Manx Grand Prix. Year round the Island has many tourist attractions with numerous historic sites, cultural, sporting events and places of interest. For the business owner the island is an attractive location because of its extremely generous tax regime and the pace and style of life.

Property information

Property:

Freehold

Living accommodation:

The extensive and attractive owners' accommodation is located on the ground floor and consists of a lounge, kitchen/diner, two en-suite bedrooms and a patio garden.

Location:

The business is located in the historic city of Peel on the beautiful west coast of the Isle of Man, the property is one of a row of elegant Victorian properties which is situated at the Northern end of Peel Promenade. The property is west facing looking over the bay and is an ideal position from which to enjoy the views of what is referred to as the sunset city.

Other information

Expansion potential:

The scope to exploit the opportunities created by the present owners' is extensive. There are currently two en-suite rooms which are not being utilized on the ground floor and are an un-tapped source of income.

Reasons for selling:

Personal relocation