Offers in region of
£550,000
Hotel for saleGrange Road, Shanklin, Isle Of Wight PO37
Business
Freehold
About this property
Opportunity to purchase guest house with 9 ensuite bedrooms in Shanklin Old Village
Benefits from 20-cover dining room with well-equipped commercial kitchen
3-bed owners’ accommodation included, with private garden, large garage and ample parking
Offers are invited in the region of £550,000 for the Freehold, Business, Goodwill, Fixtures and Fittings
Location
Located on Grange Road, just off the high Street in Shanklin Old Village. The Old Village is host to a variety of gift shops, tea rooms, restaurants and bars which, along with the popular tourist attraction of Shanklin Chine, draw a large number of visitors to the area throughout the now-extended holiday season. Shanklin is the Island's major town on the south coast and serves as a day-to-day needs centre, particularly for the Sandown, Shanklin Lake conurbation, which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensure high numbers of visitors and tourists, particularly in the Summer season, boosting the local population of around 24,000. It also has a railway station which goes through to Lake, Sandown, Brading and Ryde Pier Head to link up with Wightlink’s fast passenger ferries to Portsmouth Harbour and trains onwards to London Waterloo and Gatwick
Description
Grange Bank House offers 9 well-appointed guest rooms, furnished to a high standard with all of them benefitting from en-suit showers. The guest rooms comprise 4 double, 2 twin, and 2 single rooms, which are access from either the Ground Floor hallway or First Floor landing. Breakfast and evening meals are served in the dining room, which is laid out for 20 covers. The current owners have spent a significant amount over the last 7 years on making the property present exceptionally. There is parking for around 9 cars offered in the large driveway. The large garage has been partitioned to create a utility room with commercial dryer and a chest freezer. Floor plan available on our website.
The Business
Profitable business, deliberately run by the current owners at close to the VAT threshold, thus it would be possible to increase turnover and profit if desired by a new operator. The business is currently suggesting a gross profit margin of circa 60%. This is an ideal lifestyle business to live in a very well presented property, in a great location. Accounts are available to bona fide applicants after a viewing of the premises
Terms
Offers invited in the region of £550,000 for the Freehold, Business, Goodwill, Fixtures and Fittings
Uniform Business Rate
Rateable Value: £9,500
2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Dot Lucy on . E: Or
Located on Grange Road, just off the high Street in Shanklin Old Village. The Old Village is host to a variety of gift shops, tea rooms, restaurants and bars which, along with the popular tourist attraction of Shanklin Chine, draw a large number of visitors to the area throughout the now-extended holiday season. Shanklin is the Island's major town on the south coast and serves as a day-to-day needs centre, particularly for the Sandown, Shanklin Lake conurbation, which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensure high numbers of visitors and tourists, particularly in the Summer season, boosting the local population of around 24,000. It also has a railway station which goes through to Lake, Sandown, Brading and Ryde Pier Head to link up with Wightlink’s fast passenger ferries to Portsmouth Harbour and trains onwards to London Waterloo and Gatwick
Description
Grange Bank House offers 9 well-appointed guest rooms, furnished to a high standard with all of them benefitting from en-suit showers. The guest rooms comprise 4 double, 2 twin, and 2 single rooms, which are access from either the Ground Floor hallway or First Floor landing. Breakfast and evening meals are served in the dining room, which is laid out for 20 covers. The current owners have spent a significant amount over the last 7 years on making the property present exceptionally. There is parking for around 9 cars offered in the large driveway. The large garage has been partitioned to create a utility room with commercial dryer and a chest freezer. Floor plan available on our website.
The Business
Profitable business, deliberately run by the current owners at close to the VAT threshold, thus it would be possible to increase turnover and profit if desired by a new operator. The business is currently suggesting a gross profit margin of circa 60%. This is an ideal lifestyle business to live in a very well presented property, in a great location. Accounts are available to bona fide applicants after a viewing of the premises
Terms
Offers invited in the region of £550,000 for the Freehold, Business, Goodwill, Fixtures and Fittings
Uniform Business Rate
Rateable Value: £9,500
2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on
Viewing
Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Dot Lucy on . E: Or
.png){kind=logo}