Shanklin, Isle Of Wight, PO37 6AN

Guest House / Hotel for sale

£895,000


A fantastic opportunity to purchase a 31 bedroom trading hotel in a great location in Shanklin.

LOCATION
The Queensmeade Hotel is situated in a fantastic location on Queens Road, Shanklin.

Shanklin, a town to the south east of the Island, is one of the main holiday destinations on the Island. There are extensive sandy beaches nearby by with a lovely coastal walk from Shanklin to the town of Sandown and beyond, the Old Village, a picturesque old town, with an abundance of tea rooms, gift shops and thatched properties.

The hotel occupies an elevated location giving sea views from the grounds and some of the letting rooms. The shopping area of Regent Street is within a short walk, the towns of Sandown & Ventnor are within a short drive.

Shanklin also offers the trainline station with links through to Lake, Sandown, Brading & Ryde Pier Head with easy access to the cross Solent Hovercraft and Catamaran.

DESCRIPTION
The Queensmeade, situated in a prime location on Queens Road, has been successfully trading by the current owners for 21 years. Half board accommodation is offered from the 31 rooms year round leading to an excellent turnover and net profit. Accounts will be available to bona fide applicants after viewing and signing of a non disclosure agreement.

There is scope for new owners to expand the business by offering further accommodation from some rooms are that are currently utilised as part of the day to day running of the hotel.


Originally a Victorian property The Queensmead has been extended to provide 31 letting rooms plus flexible owners accommodation. A number of the rooms have sea views.

The front of the property provides attractive gardens with some sea views and parking to the side.

Front Entrance into the welcoming lounge and bar area. Doors through to the dining room and reception area.

The dining room can accommodate up to 64 covers and overlooks the front garden. The lounge bar has a feature fireplace and bar area with range of optics etc. Patio doors to terrace.

The residents lounge is situated overlooking the outdoor heated swimming pool with many original features, feature fireplace and bay window.

Access to the commercial kitchen is via the main hallway, the kitchen offers a full range of commercial equipment in the main kitchen, a servery area and prep area. A full inventory can be made available on request.

There property currently trades from31 letting rooms including a 'chalet' offering separate access. Each room is en-suite, with either bath or shower, is heated and offers tea and coffee trays and a television.

A full room list is available upon request. There are three ground floor rooms, the rest of the rooms being arranged over a further two floors.

The pool area can be accessed from the ground floor gardens and provides a sunny sheltered spot for the enjoyment of guests. The pool has a paved area around it for sun loungers.

The owner's accommodation consists of a lounge, bedroom, bathroom and kitchen plus store room. this area has a gas combination boiler supplying the hot water and central heating. The owners accommodation could be incorporated as further rooms for the 'Chalet' which is currently a family suite of two bedrooms.

TERMS
Our clients are offering the business and premises with a guide price of £995,000 to include fixtures, fittings and goodwill. Each party to cover their own legal fees.
OUTGOINGS
The VOA shows a rateable value of £20,500. Using the current UBR of 50.4p the rates payable will be approximately £10,340 per annum.
VIEWING
All viewings to be arranged via HRD Commercial 01983 527727.

Agents Notes Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.

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Here to Help

Mark Rhodes

Director

Lisa Mercer

Manager

Rhys King

Surveyor

Janet Morter

Negotiator

Laurie Calloway

Property Consultant

Edwina Grist

Administration

Tel: 01983 527727 Email Us: commercial@hrdiw.co.uk