Leisure/hospitality for sale in Esplanade, Shanklin PO37

This is an excellent opportunity to acquire the largest beach concession and possibly one of the busiest along Shanklin Sea Front. Hope Beach is very well used by the local residents and holiday visitors alike as it is close to public car parks, public toilets and there is also a very popular new café restaurant on the corner of the site, under separate ownership but is a great attraction for beach users.

This is an excellent opportunity to acquire the largest beach concession and possibly one of the busiest along Shanklin Sea Front. Hope Beach is very well used by the local residents and holiday visitors alike as it is close to public car parks, public toilets and there is also a very popular new café restaurant on the corner of the site, under separate ownership but is a great attraction for beach users.
The present licensee has had the concession for a few years and during his tenure has erected a new site hut 8’ x 9’ (2.44m x 2.74m) with storage under and there has also renovated a lot of the chairs and added to the equipment.
The site has a frontage to the Esplanade of over 320m (see plan) and will be sold with all the equipment required to run it which includes 80 deckchairs, 78 sun loungers with 44 mattresses, 32 parasols, 2 single kayaks, 3 double kayaks, 12 kayak oars, 30+ lifejackets, 5 paddle boards, 10 giant parasols and 12 tables.
The concession is being offered for sale on a new ten year lease at a rent/licence fee of £1,028.81 per annum, the annual hut licence is £439 per annum and the current annual public liability insurance premium to ten million pounds is approximately £900.
This is very much a lifestyle business and is a great way to earn an income during the Summer Season particularly as Shanklin has recently had some good press about being a great place to live and holiday.
The site is available to view at any time but if you require further information about the business then please contact our offices.