Hotel/guest house for sale in 76 High Street, Shanklin PO37

Guide price £460,000 (£42,735.4/sq. ft)
Hotel/guest house for sale From 1 - 2 sq. m*
Interested in this property? Call +44 1983 619088 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Situated in Shanklin Old Village Keats Cottage is a beautiful property and has undergone somewhat of a transformation over the past few years.

Shanklin Old Village is a popular location with tourists and locals alike and offers an abundance of charm and character. The village has various boutique stores, restaurants, a theatre and popular gardens including Tower Gardens and Shanklin Chine. Shanklin beach is within a 5 minute walk, Sandown and Yaverland are within a 10 minute drive.

Offered for sale is a 7 bedroom Bed and Breakfast with various options for layout which could include some owners accommodation if required. The property has been modernised and upgraded and offers beautiful accommodation throughout. Named after John Keats, the poet, who holidayed here in 1819 and who wrote some of his works at this property.

The property offers accommodation over 3 floors and the breakfast room has also been utilised as a very well known and regarded licensed restaurant, offering 24 covers.

Accommodation as follows:
Ground Floor
Entrance hall with reception desk and stairs to the first floor.
Breakfast room/Restaurant with a feature bow window and direct access from the High Street.
Commercial kitchen.
Owners kitchen.
Snug which is currently utilised by the owners but could be offered as a lounge for residents if required.
WC & Laundry.
Doors to the rear garden.

Stairs to first floor.
Shelley Suite, Bedroom 1 5.08m x 3.53m with en suite shower room and feature bow window to the front.
Byron Suite, Bedroom 2 4.88m x 3.96m with en suite shower room and feature bow window to the front.
Keats Suite, Bedroom 3 4.01m x 4.15m with ensuite shower room.
Wilde Suite, Sitting Room 4.16m x 3.34m, Bedroom 4 4.95m x 4.05m with vaulted ceiling, bathroom and Bedroom 5 2.97m x 3.60m with direct access to the sunny rear garden.

The Wilde Suite could be utilised as owners accommodation if required.

Stairs to second floor.
Tennyson Suite, Bedroom 6 3.88m x 4.44m with en suite shower room.
Blake Suite, Bedroom 7 3.73m x 3.48m with en suite bathroom.

The Business
The property is very well regarded and has a high percentage of repeat custom every year. Full accounts can be made available to bona fide applicants once a viewing has been undertaken and a non disclosure agreement has been signed.

The property benefits from mains electric, gas, water and drainage.

Our client is asking for offers in the region of £450,000 for the premises freehold.

The voa shows a rateable value of £7,500. Using the current ubr of 0.499, the rates payable would be circa £3745 per annum. This does not include any applicable small business rates relief.

All viewings to be arranged via hrd Commercial. Please contact .

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Hose Rhodes Dickson Commercial, PO30 on +44 1983 619088 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hose Rhodes Dickson Commercial, and do not constitute property particulars. Please contact Hose Rhodes Dickson Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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