LOCATION
Situated on Shanklin's award winning seafront with spectacular sea views is this former bar, restaurant and hotel. Shanklin is located to the East of the island with a population of circa 9,100 (census 2021).
The town boasts one of the busiest esplanades on the Island supported by many restaurants, bars and leisure facilities. There is no shortage of entertainment for the children, with newly invested recreational facilities such as the recent investment into the new pitch and put and existing indoor play areas.
The main town of Shanklin itself offers great retail shopping, pharmacies, cafes, churches and is on a main bus route with easy links to other Island hotspots such as Ryde, Newport, Sandown and Ventnor.
DESCRIPTION
The property is situated on Shanklin Esplanade and has amazing direct sea and beach views. Offering parking to the rear, this rare opportunity would suit a variety of developers/investors.
The property is a former trading hotel with planning permission to convert to 6 x residential apartments with the following accommodation:
Apartment 1
Ground Floor - offering 2 bedrooms with open plan living/kitchen/diner, shower room and large patio to the front overlooking the Esplanade with direct sea views.
Apartment 2
Ground & First Floor – split level apartment offering 2 bedrooms, kitchen, lounge and shower room. Access from entrance hall and rear of the property.
Apartment 3
Ground Floor – offering 1/2 bedrooms, 1 with dressing room, bathroom, separate kitchen/diner and living room with access to balcony with direct sea views overlooking the Esplanade.
Apartment 4
First Floor – Offering 2 bedrooms (1 with en-suite and dressing room), bathroom, separate kitchen and lounge both enjoying access to balcony with direct sea views overlooking the Esplanade.
Apartment 5
Second floor – Offering 2 bedrooms (1 with direct sea views), bathroom and kitchen/diner with access to large balcony with direct sea views.
Apartment 6
Second Floor – Offering 2 bedrooms (1 with en-suite), shower room, open plan lounge and kitchen.
There are 5 parking spaces on site.
SERVICES
The property has mains electric, gas, water and drainage.
TERMS
Our client is asking Guide Price £530,000 for this great opportunity.
PARKING NOTES
Parking area to the rear of the property.
PLANNING
Planning permission was granted in March 2026 for conversion to 6 residential apartments. Full details can be viewed on the Isle of Wight Planning portal by searching reference no: 25/01844/FUL
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk.
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