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32 The Esplanade 10 Room Hotel Shanklin PO37 6BH £495,000 (£49,500/Room)
Investment Highlights
- Situated on Shanklin's award winning seafront with spectacular sea views is this former bar, restaurant and hotel.
- The property is situated on Shanklin Esplanade and has amazing direct sea and beach views.
- The property is a former trading hotel with planning permission to convert to 3 x holiday apartments and 1 x residential townhouse with the following
- The town boasts one of the busiest esplanades on the Island supported by many restaurants, bars and leisure facilities.
- Offering parking to the rear, this rare opportunity would suit a variety of developers/investors.
Executive Summary
TERMS
Our client is asking Guide Price £495,000 for this great opportunity.
Our client is asking Guide Price £495,000 for this great opportunity.
Property Facts Sale Pending
| Price | £495,000 | Total Plot Size | 0.57 ac |
| Price Per Room | £49,500 | Property Size | 22,532 sq ft |
| Sale Type | Investment | No. Rooms | 10 |
| Tenure | Freehold | No. Floors | 3 |
| Property Type | Hospitality | Year Built | 1901 |
| Property Subtype | Hotel | Parking Allocation | 1.3/1,000 sq ft |
| Costar Property Class | B | Corridor | Interior |
| Price | £495,000 |
| Price Per Room | £49,500 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.57 ac |
| Property Size | 22,532 sq ft |
| No. Rooms | 10 |
| No. Floors | 3 |
| Year Built | 1901 |
| Parking Allocation | 1.3/1,000 sq ft |
| Corridor | Interior |
Amenities
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 10 | £76.00 | - |
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32 The Esplanade
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