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Successful Ten Bedroom Guest House With Owners Accommodation For Sale

Isle of Wight, UK
Asking Price:
£600,000
Turnover:
£50K - £100K
Net Profit:
Under £50K

For anyone wanting to run their own successful hospitality business this attractive Victorian hotel in the popular seaside resort of Shanklin could tick all the right boxes. Beautifully presented throughout whilst retaining period features & walking distance to the cliff path, beach & town centre.

What the business owner says:

"We bought the property about seven years ago and immediately spent time refurbishing the building with new flooring, damp proofing and structural renovation and have continued to main and update it over the years.

We have thoroughly enjoyed developing the hospitality business but feel it is time to pass the baton on to new owners as we are looking to retire. Shanklin is a lovely place to live and to go on holiday. It is a delightful seaside resort including the impressive Shanklin beach that was winner of the Beach of the Year Award in the Countryfile Magazine in 2019.

As well as the thatched cottages the Old Village includes+ independent shops, restaurants, and pubs, while the Shanklin Theatre provides a variety of professional and amateur shows for evening entertainment. There is a real feeling of community and, if you enjoy the ‘great outdoors’ there is nothing like a bracing walk with the dog or a cycle ride to Culver Down or Ventnor."

Property Information

Property:

Freehold

Living Accommodation:

2 bedroom owner's accommodation to the rear of the property on the ground floor with private garden

Location:

Bustling seaside town

Size in square feet:
4,028
Energy Performance Rating:
B  View EPC Graph for this property

Business Operation

Expansion Potential:

Lifestyle choice with further income potential

Other Information

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