High Street, Shanklin, PO37 6NJ

Guest House / Hotel for sale

£450,000


A 7 bedroom bed and breakfast in a fantastic location.

LOCATION
Situated in Shanklin Old Village Keats Cottage is a beautiful property and has undergone somewhat of a transformation over the past few years.

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.
DESCRIPTION
Offered for sale is a 7 bedroom Bed and Breakfast with various options for layout which could include some owners accommodation if required. The property has been modernised and upgraded and offers beautiful accommodation throughout. Named after John Keats, the poet, who holidayed here in 1819 and who wrote some of his works at this property.

The property offers accommodation over 3 floors and the breakfast room has also been utilised as a very well known and regarded licensed restaurant, offering 24 covers.

Accommodation as follows:

Ground Floor

Entrance hall with reception desk and stairs to the first floor.

Breakfast room/Restaurant with a feature bow window and direct access from the High Street.

Commercial kitchen.

Owners kitchen.

Snug which is currently utilised by the owners but could be offered as a lounge for residents if required.

WC & Laundry.

Doors to the rear garden.

Stairs to first floor.

Shelley Suite, Bedroom 1 5.08m x 3.53m with en suite shower room and feature bow window to the front.

Byron Suite, Bedroom 2 4.88m x 3.96m with en suite shower room and feature bow window to the front.

Keats Suite, Bedroom 3 4.01m x 4.15m with ensuite shower room.

Wilde Suite, Sitting Room 4.16m x 3.34m, Bedroom 4 4.95m x 4.05m with vaulted ceiling, bathroom and Bedroom 5 2.97m x 3.60m with direct access to the sunny rear garden.

The Wilde Suite could be utilised as owners accommodation if required.

Stairs to second floor.

Tennyson Suite, Bedroom 6 3.88m x 4.44m with en suite shower room.

Blake Suite, Bedroom 7 3.73m x 3.48m with en suite bathroom.

ACCOMMODATION
The Business

The property is very well regarded and has a high percentage of repeat custom every year. Full accounts can be made available to bona fide applicants once a viewing has been undertaken and a non disclosure agreement has been signed.

Keats cottage website link -

https://www.keatscottage.co.uk/rooms

SERVICES
The property benefits from mains electric, gas, water and drainage.
TERMS
Our client is asking for offers in the region of £450,000 for the premises freehold.
OUTGOINGS
The VOA shows a rateable value of £7,500. Using the current UBR of 0.499, the rates payable would be circa £3745 per annum. This does not include any applicable small business rates relief.
VIEWING
All viewings to be arranged via HRD Commercial. Please contact 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: [email protected]