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Cliff Top 31 Bedroom Hotel, Restaurant And Bar For Sale

Shanklin, Isle of Wight, UK
Asking Price:
£1,600,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

31 bedroom, restaurants, bar, game room, outdoor spa, gardens, sea views and ample parking.

This hotel was run by the owner as a successful lifestyle choice.

It has extreme potential to be profitable.

Fully furnished except for a few personal items.

Must view!

Accounts will be released after successfully viewing

If interested, please contact us by filling the form given below.

Once a successful viewing has been completed accounts will be released, the business has run as a lifestyle choice of the owner who resides in the property and mainly uses the property to throw events, the accounts reflect this unusual choice of business model. The accounts of neighbouring hotels show the potential for running the hotel in the usual business model. The asking price reflects the bricks and mortar and the huge potential of the property to run as a successful hotel.
Currently the hotel is decorated in a victorian gothic style, boasting luxurious wallpaper, curtains and beautiful antique furniture and decorations. The bedrooms are decorated in different themes, from dark victorian gothic, baby pink and black to a bright shabby chic fashion. The hotel holds great potential to run as a luxurious boutique hotel and has attracted an interesting and wealthy clientele over the years.

The hotel is located on the cliff path ideally located for the beaches, town, old village, public transport and tourist attractions nearby. Accessed by the road behind as well as the cliff path in front. The hotel has undergone significant refurbishment and offers 31 ensuite bedrooms including three Seaview suites and 7 Seaview rooms. It boasts a large dining room that can hold up to 70 people, a spacious bar and lounge that can hold up to 80 people and a games room with billiards table. All of the communal areas overlook the garden and have impressive sea views. There is a reception desk and foyer with office and dressing room. The front garden can be accessed from the bar, it has a path leading out onto the cliff path.  The back garden has a decked area and 14 x 5 m swimming pool which needs refurbishment, and comes with brand new pipes and boiler that need to be refitted. The car park offers ample parking for all 31 rooms.

The hotel boasts a large 100 square metre commercial kitchen with main kitchen, prep station, cooking area, waiters and KP section, multiple pantries and food storage areas and large walk-in fridge. There is a large utilities area behind the kitchen with laundry room, boiler room, wine cellar and lots of storage space. Also a large attic space containing water tanks and large storage space, many cupboards located around the hotel used by the housekeeping team.

The Isle of Wight and Shanklin in particular is a popular tourist destination which gets very busy between March and October every year. The cliff path directly in front of the hotel is a very busy pass way that leads to the beach and old village making it the perfect location for a hotel. The beach below has many tourist attractions, pubs and restaurants. The hotel is located very close to public transport making it very accessible. Due to the current cover crisis the Isle of Wight has become even more of a desirable destination.

Please get in touch with any questions or to arrange a viewing.

Property Information

Property:

Freehold

Living Accommodation:

Private flat within the main building

Location:

On the cliff near town centre and beach

Premises Details:

The hotel is located on the cliff overlooking the beach, seas and white cliffs

Business Operation

Trading hours:

24/7

Employees:
13
Years established:
5 years

Other Information

Support & training:

Owner will be happy to provide training and support for six months after purchase.

Current staff happy to stay on

Furniture / Fixtures value:
£400,000 - included in the asking price
Inventory / Stock value:
£50,000 - included in the asking price
Website:
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