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Successful Freehold Hotel In Shanklin, Isle Of Wight For Sale

Shanklin, Isle of Wight
Freehold Price:
£2,650,000
Leasehold:
£275,000
Turnover:
£500K - £1M
Net Profit:
Available on request

An opportunity has arisen to acquire The Melbourne Ardenlea Hotel on Freehold or Leasehold basis. This is a seaside 3 star hotel situated in the highly sought-after area of the famous town of Shanklin, Isle of Wight, 4 minutes’ walk from Shanklin train station. It is also 3 minutes’ walk to the famous Shanklin beach with its superb amenities. The hotel has 54 en-suite letting bedrooms can be accessed by lift, with all front-facing rooms having fantastic sea views.

The hotel also has a separate owner / manager accommodation with 3 bedrooms and an independent kitchen inclusive within the price.

The public bar is situated within a large lobby area along with a small conference/meeting room and a 100-cover restaurant with great potential for weddings and conferences, this leading to the large gardens at the front and rear of parts of building and 38 private car parking spaces. It has a stunning indoor pool that is truly rivalled by its competitors. The hotel is a five-minute walk from the award winning Shanklin sea front with its superb bars, restaurants and golden sandy beaches.
The Hotel has a fully licensed bar and well-maintained accommodation arranged on three floors including the ground floor, ground floor comprising of a large central reception hallway giving access to a resident's lounge, bar restaurant. Also, at ground floor level are the well-equipped commercial kitchens and 7 letting rooms.

The first floor has 24 en-suite letting bedrooms and the second floors a further 23 letting bedrooms. The pool area can be accessed from the second floor which was fully refurbished in 2017 and in immaculate condition. The entire property overlooks landscaped gardens with mature flowerbeds and within the curtilage there are 30+ car-park spaces with a further 4 to the rear of the property.

The hotel has yet to meet its full potential and there is scope to increase the trade significantly very quickly by trading all year round.

Sale or Lease

Property information

Property:

Available as freehold and leasehold

Lease Terms:

A new 14 year lease will be offered

Leasehold Rent:

£148,000 per annum

Living Accommodation:

The hotel has an independent 3 bedroom recently refurbished apartment with newly fitted kitchen

Location:

Sought-after road - 5 min walk from the sea front and award winning beach area. A superior position with the benefit of being as close to the local shops, bars and theatre as it is to sea front. A wonderful business in a very unique location.

Premises Details:

A 54 bedroom hotel with extensive gardens and newly refurbished Leisure facilities

Business Operation

Expansion Potential:

The hotel currently trades through a seven month season, however the scope to trade all year is very much available.

Competition / Market:

The hotel has no significant competition within its room stock or leisure facilities

Reasons for selling:

Geographically not operationally suitable within the current hotel group

Trading hours:

The hotel is a 24 hour operation based over a 7 day week

Employees:
All employees are on temporary seasonal contracts
Years established:
The hotel has been in operation since 1872

Other Information

Support & training:

A full training and management package is available upon request

Website:
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Leasehold asking price:
£275,000

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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