3578 - Hotel in Shanklin Isle Of Wight For Sale, Preferred Commercial
3578 - Hotel in Shanklin Isle Of Wight For Sale, Preferred Commercial
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Business Details
Hotel in Shanklin Isle Of Wight For Sale
Shanklin, Isle of Wight, England
Advert Ref: 3578
Business Description
Preferred Commercial is delighted to offer for sale this busy hotel, which was established in 1800 and which has been in our client's careful hands since 2004. The hotel is only now being offered to the market due to our client's other business interests. The business trades as required and generates a turnover in the region of £438,500 per annum with a gross profit of 46%. Our client offers 29-letting rooms on a bed and breakfast basis, evening meals and an excellent selection of alcohol from the bars. The hotel also hosts regular live evening entertainment in the bar, which is open to the public, and is proud to be one of the few local venues to hold a Civil Wedding Licence. We feel the turnover could be further increased by embarking on a modest marketing campaign to promote the business further. This award winning hotel has an excellent reputation and is renowned for offering high quality accommodation. There are many bookings already in place for next year, including many with coach companies. There is a website in place advertising the hotel, facilities and accommodation provided. The premises boast 29 en-suite letting rooms, as well as bars, large restaurant and commercial kitchen. There is also 2-bedroom owners' accommodation and a 2-bedroom staff apartment. This is an ideal opportunity to acquire an already busy hotel with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Business Status
For Sale
Property
Leasehold
Lease Terms
Original length: 15 years Remaining: 15 years Review: every 3 years Rent: £55,000 per annum
Location
The Holliers Hotel occupies substantial detached 3-storey premises, ideally located in a prominent trading position in the seaside resort of Shanklin, Isle of Wight. The premises benefit from ample parking in the vicinity and are surrounded by a wealth of complementary shops and businesses. The business enjoys a high footfall and much passing trade. There are a number of bus stops and a railway station within easy walking distance. Shanklin is a popular seaside resort attracting high levels of visitors to the area. The town is renowned for its historic buildings and sandy beaches. The premises are easily accessed via the A-road network and the Isle of Wight railway connects with the ferry terminal at Ryde. Sandown lies 2.6 miles to the north, while Ventnor is 3 miles to the south.
Premises Details
Substantial detached 3-storey hotel premises with 29-letting rooms, piano bar and spacious dining area. Briefly comprising:
Ground Floor
• Reception and lobby area with reception desk and rear office
• TV bar with bar servery, pool table and fixed and loose seating
• Piano bar with parquet flooring, entertainment area, grand piano, wood panelled bar servery, electronic games machine, seating and French doors to patio and gardens
• Restaurant/dining room with carvery area and tables and chairs for up to 150 covers
• Commercial kitchen with 8-burner gas hob and oven, combi oven, hot plate, hot cupboard, toaster, microwave oven, dishwasher and wash up area
• Heated indoor swimming pool with jacuzza, sauna, changing rooms, WCs and showers
First Floor
• 12 en-suite letting rooms, consisting of triples, doubles and twins
• 2 x owners' bedrooms
Second Floor
• 17 en-suite letting rooms, consisting of triples, doubles and twins
• 2-bedroom staff apartment
External
• Car park for up to 15 vehicles
• Spacious garden, set mainly to lawn with mature plantings
• Large decked patio with table and chairs
• Childrens' play area
Trading Hours
As required