LOCATION
Located on Grange Road, The Braemar is just off the High Street in Shanklin's iconic Old Village.
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 and Newport and Ryde are within a 15–20-minute drive. Various transport links are also nearby.
DESCRIPTION
Built in the Victorian era, The Braemar was once a Gentleman's residence before being converted to offer single, double, twin, triple and family rooms. The premises is now a well presented 11-bedroom guest house with a sizeable 2-bedroom owners’ accommodation.
The business has been successfully run by the current owners for the past seven years; however they are now looking to retire.
The Braemar currently trades from April through to October on a bed and breakfast basis. This would allow scope for the new owner to increase trade if desired by opening in the winter months or offering hire for a range of private functions.
ACCOMMODATION
Entrance from Grange Road with door to reception. Door to main hallway.
Dining room with 22 covers. Door to guest lounge with comfortable seating for guests. Bar area with pool table.
Door to private owners’ accommodation. Spacious L-shaped living/dining room and office. Door to large kitchen and separate utility room. Two double bedrooms and family shower room. Rear access to car park.
Ground Floor
Room 11 - Single with en-suite shower
Room 12 - Store/single with en-suite shower
Room 14 - Double with en-suite shower
First Floor
Room 2 - Family room, double and single with en-suite shower. Access to outside deck.
Room 4 - Family room double and single (could be triple) with en-suite shower. Access to outside deck.
Room 5 - Double with en-suite shower
Room 6 - Double with en-suite shower
Room 7 – Twin room
Room 8 - Double with en-suite shower. Access to outside deck.
Room 9 - Double with en-suite shower. Access to outside deck.
Room 10 - Double with en-suite shower. Access to outside deck.
There is a car park to the rear of the property with parking for approximately 8-10 vehicles, along with a double garage.
SERVICES
The property benefits from mains gas, electricity, water and drainage.
TERMS
Our client is asking Guide Price £550,000 for this freehold opportunity to include fixtures, fittings and goodwill of the business.
OUTGOINGS
The VOA shows a rateable value of £11,750. Estimated rates payable will be circa £6,000 without any applicable relief. Please direct any enquiries to the Valuation Office Agency.
VIEWING
All viewings to be arranged via HRD Commercial.
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