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£750,000

Esplanade, Shanklin, Isle Of Wight, PO37

  • 14 beds
Other

£750,000

  • 14 beds
Other
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Estimate monthly mortgage payment:

£3,424 per month

Minimum deposit amount:

£37,500
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A fantastic opportunity has arisen to purchase this impressive guesthouse and holiday apartment property in the hugely popular tourist destination of Shanklin, renowned for its golden, sandy beaches, family-friendly entertainment and quality bars and restaurants. Ideally located on the seafront, with spectacular views across the bay, this incredibly flexible accommodation boasts nine ensuite guest rooms, as well as a three-bedroom self-catering apartment, plus a two-bedroom owner's apartment. Furthermore, it affords an enormous amount of flexibility, with the potential to make the owner's accommodation an additional guest apartment and there's a further ensuite bedroom on the ground floor, currently used by the owners, that could also work as another guestroom.

On the ground floor is the current owners accommodation that includes two ensuite shower rooms, an open plan living area with stunning sea views from its bay windows, plus access to a patio dining area. Across the hallway is the open plan guest dining room and bar area, with wide bay windows maximising the beautiful views across the sandy beach and sea beyond. The current owners have utilised this space as well as the impressive commercial kitchen to their advantage, by throwing the doors open to the general public and marketing themselves as a restaurant and cocktail bar, to great success.

Currently all of the main guestrooms reside on the first floor and all boast ensuites, two of which enjoy bathrooms with bathtubs. Towards the rear of the first floor is the three-bedroom apartment, the master benefiting from an ensuite, with a large family bathroom, kitchen and an open plan living area with direct access to a patio outside for alfresco dining.

In addition to all of this, there is potentially a one-bedroom apartment available by separate negotiation.

This remarkable property is already an incredibly successful business and offers enormous flexibility to maintain, adapt or grow into whatever its new owner's desire.

What the Owner says:


HIGHLIGHTS OF SHANKLIN

Shanklin is a charming, traditional seaside holiday destination, steeped in history but with all the advantages of modern conveniences as well. Hope beach is a stunning, golden sandy bay with traditional entertainments, such as crazy golf, ten pin bowling and banana boat rides, as well as several bars and restaurants overlooking the beach.

For a quieter beach experience there's small Hope; an unspoilt sandy beach with pretty beach huts and cafés along the revetment. A short walk along the scenic Red Squirrel coastal path will take you to many more of Shanklin's delights, such as the Victorian park, Rylstone Gardens and the beautiful natural landmark Shanklin Chine.

There's also the picturesque Shanklin Old Village; lined with pretty thatched cottages housing traditional pubs serving local ales and produce as well as artisan shops, restaurants and tea rooms.

Shanklin is also an ideal base for exploring what the rest of the island has to offer. There are no less than seven bus routes, covering the whole of the island, as well as a train station with a line to Ryde pierhead, stopping at Brading, Sandown and Lake.

Room sizes:

  • Entrance Hallway
  • Bar: 13'9 x 13'0 (4.19m x 3.97m)
  • Dining Room: 14'1 x 13'11 (4.30m x 4.24m) plus 15'6 x 5'0 (4.73m x 1.53m)
  • Lobby
  • Cloakroom
  • Store Room
  • Bedroom: 12'6 x 10'11 (3.81m x 3.33m)
  • En-Suite
  • Commercial Kitchen: 14'8 x 8'4 (4.47m x 2.54m) plus 13'6 x 12'6 (4.12m x 3.81m)
  • Laundry
  • Workshop: 25'6 x 5'2 (7.78m x 1.58m)
  • Store Room 1
  • Store Room 2
  • Owners Bedroom 2 / Music Room: 15'1 x 7'5 (4.60m x 2.26m)
  • Owners En-Suite Shower Room
  • Owners Bedroom 1: 14'0 x 11'10 (4.27m x 3.61m)
  • Owners En-Suite
  • Owners Dining Room: 13'11 x 10'5 (4.24m x 3.18m)
  • Owners Sitting Room: 13'11 x 13'11 (4.24m x 4.24m)
  • Owners Sun Room: 14'0 x 5'0 (4.27m x 1.53m)
  • Landing
  • Room 7: 17'7 x 9'1 (5.36m x 2.77m)
  • En-Suite: 9'3 x 6'1 (2.82m x 1.86m)
  • Room 8: 10'0 x 4'11 (3.05m x 1.50m)
  • Single: 9'10 x 5'3 (3.00m x 1.60m)
  • Double: 13'4 x 7'11 (4.07m x 2.41m)
  • Room 1: 15'4 x 8'6 (4.68m x 2.59m)
  • En-Suite Shower Room
  • Room 2: 13'11 x 10'5 (4.24m x 3.18m)
  • Room 3: 13'11 x 12'10 (4.24m x 3.91m)
  • En-Suite Shower Room
  • Storage Room
  • Room 4: 13'11 x 10'8 (4.24m x 3.25m)
  • En-Suite Shower Room
  • Room 5: 17'6 maximum x 11'4 (5.34m x 3.46m)
  • Room 6: 14'3 x 9'4 (4.35m x 2.85m)
  • Bathroom
  • Annex Hall
  • Annex Kitchen: 11'2 x 7'11 (3.41m x 2.41m)
  • Annex Bathroom
  • Annex Bedroom 1 plus En-Suite: 15'5 x 7'11 (4.70m x 2.41m)
  • Annex Bedroom 2: 12'9 x 7'11 (3.89m x 2.41m)
  • Lounge / Diner: 16'11 x 11'5 maximum (5.16m x 3.48m)
  • Bedroom 3: 8'1 x 7'11 (2.47m x 2.41m)
  • Courtyard Garden
  • Front Garden
  • Seating Area

 
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
 
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Fine & Country, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Council Tax band: A
Tenure: Freehold

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Your estimated purchase costs

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Stamp Duty tax
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£25,000
Mortgage and legal costs:
£999
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