About this property
A great opportunity to purchase a seafront hotel in Sandown.
Situated on the seafront at Sandown, with its sandy beaches, close to the town centre and within easy reach of local transport links.
Sandown is a town to the East of the Island and boasts some of the sandiest beaches. There is a promenade that stretches from the bottom of Culver Downs to Shanklin Old Village.
The town of Sandown offers various shopping facilities including Sainsbury’s and Co-op and various boutique stores and eateries. With some recent and current inward investment and developments Sandown is undergoing a regeneration of sorts and provides a lovely location for tourists and locals alike.
Offered for sale is a 40 bedroom hotel with direct sea views and spectacular views of Culver Downs.
The hotel has parking areas to the front and rear and is within easy walking distance to the town centre.
The hotel enjoys easy access from the parade.
All guest rooms are well appointed, en suite with showers and have colour TV’s and hospitality trays. In addition there is a public bathroom on each floor along with three separate ground floor WC’s.
There is a CCTV system within the building and multi zone fire alarm system with detectors and sounders.
The sale includes the business premises, fixtures and fittings. Previous financial information will be provided for bona fide applicants after a viewing of the premises subject to signing a non-disclosure agreement.
The accommodation is as follows:
Various store rooms, shower room & WC.
Ladies and Gents WC’s
Access to basement
Rooms 1 – 10 & 23
Rooms 25 – 29 & 35 – 28
Rooms 11 – 22, 30 – 34 & 39 – 43
A full room list can be made available upon request.
There is a 2 bedroom first floor owner’s apartment accessed from Crescent Road to the rear.
The property also offers the potential for further 2 bedroom accommodation within the basement area.
The front of the property benefits from a parking area and patio with outdoor seating. The rear of the property also offers a parking area and access to Crescent Road.
The property benefits from gas, electric water and drainage.
Price on Application. The property is held on leasehold titles, the shortest of which is 1000 years from 1865.
The VOA shows a rateable value of £16,000. Using the current UBR rates payable would be circa £8200 pa.
All viewings to be arranged via HRD Commercial. Please contact 01983 527727.