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8 Bedroom Victorian Bed & Breakfast In Shanklin For Sale

Shanklin, Isle of Wight, UK
Asking Price:
£845,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Situated in the lovely seaside town of Shanklin on the Isle of Wight, this beautiful 8 Bedroom Victorian Bed & Breakfast has been lovingly cared for by the current owners for the past 5 years. Set among other Victorian properties on a tree lined avenue, the hotel is in walking distance of the quaint tourist attraction of the old village and the beach, yet is in a peaceful and quiet location. The property benefits from 8 ensuite letting rooms, guest lounge, breakfast room, dining room and a fully equipped commercial kitchen. There is ample parking for all guests and owners to the front of the property. Guest terrace and gardens, and private enclosed owners garden to the rear of the property.

The current owners have built up a good repeat trade with excellent reviews. It is consistently rated as excellent on Trip Advisor, and has obtained Travellers Choice Best of the Best 2020, Certificates of Excellence 2017, 2018, 2019. Also boasts great reviews through booking.com.
The Guest House is a wonderful lifestyle for new owners, who could walk in and carry on running it as a successful business. Currently run over 7 months but opportunity is there to extend the season if wished.

Of the 8 guest bedrooms 1 is situated on the ground floor. All of the rooms are en-suite, all have Superking or king beds, free wi-fi, hairdryer, tea/coffee making facilities and Freeview TV’s. Superior rooms have a sofa.

The property also boasts an incredible attached yet separate 4 bedroom house with two lounges, kitchen and two bathroom currently used as living accommodation for the owners. There is significant potential however to split this property into two holiday letting apartments (subject to planning approval) which would significantly increase the annual revenue. Should a new owner wish to take advantage of this opportunity, there is ample room in the main building to accommodate the owners without having to make use of any of the letting rooms. The property income has supported a significant business loan without issue for the entirety of ownership.

For more information, please contact us by using the form below.

Property Information

Property:

Freehold

Living Accommodation:

Attached 2 story 4 bedroom property with 2 lounges, kitchen, 2 bathrooms. Situated at the back of the property with it's own private garden space.

Location:

Situated on a tree lined avenue amongst other large elegant Victorian properties, close to all amenities and the esplanade.

Business Operation

Expansion Potential:

Opportunity exists to convert owner accommodation into two self contained holiday lets subject to planning permission. New owners may want to provide evening meals or run a restaurant within the b&b.

Reasons for selling:

Retirement

Trading hours:

Operating 7 months of the year but scope to expand if wished.

Employees:
0
Years established:
Over 30 years

Other Information

Support & training:

Owners will provide guidance and support for 2-3 days.

Website:
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Home based:
This business can be run from home.

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