Hose Rhodes Dickson - Isle of Wight Commercial Property Agents

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For Sale 975,000 - The Wellington Hotel, The Wellington Hotel, Belgrave Road, Ventnor, PO38 1JH

Property Description

LOCATION
Situated in the lovely coastal town of Ventnor overlooking the English Channel.

Ventnor is a Victorian seaside town and has benefitted from massive regeneration over the last 5 years and boasts some of the Islands best eateries and wine bars. It is also renowned for its annual Fringe festival which generally runs for 1 week in August, making the most of the unusual microclimate this side of the Island.

Ventnor benefits from a small harbour which offers fresh fish and crab daily and there are various producers offering fresh home grown produce locally and across the Island.


DESCRIPTION
The property has been completely refurbished throughout and offers some of the most stylish holiday accommodation this side of the Island.



The accommodation is arranged over 4 floors and comprises 28 letting rooms, 26 of which have direct sea views over the Esplanade and out to the English Channel, 13 of these rooms offer balconies.



There is a guest dining room offering 150 covers with open feature fireplace, a fully stocked bar and a large decked terrace again with lovely direct sea views which many guests enjoy al fresco dining.



To the front of the property there is parking for approximately 8 cars.






ACCOMMODATION
The Business

The hotel is open year round and caters for all types of customers including families and couples. There is a manager in place but the hotel could be owner run.

The restaurant currently does not trade but there is scope to re-open and offer a great dining experience for guests and the general public alike.

The turnover for Year ending March 2015 was circa £310,000 net, full accounts can be shown to bona fide applicants only.



Tariff

Double for single occupancy from £80

Double or twin for two people from £100

Triple, twin or double plus extra from £120


AMENITIES
Tenure

Freehold



Inventory & Stock

A full inventory can be provided, stock at valuation on completion.


SERVICES
All mains services are connected.


TERMS
Our client is asking for offers in the region of £975,000.


OUTGOINGS
Business Rates show Rateable Value £33,500, Rates Payable approx. £16,050 per annum.


PARKING NOTES
8 Parking spaces to the front of the property, on Belgrave Road.


VIEWING
All viewings to be arranged via HRD Commercial. Please contact 01983 527727 to arrange.





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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