Hotel/guest house for sale in Victoria Avenue, Shanklin, Isle Of Wight PO37

Location

Foxhills stands within mature and well-tended gardens backing onto dappled woodland. Approached along a wide tree-lined avenue and situated near to the popular tourist destination of Shanklin town, offering a wide variety of attractions including sandy beaches, picturesque Old Village and Shanklin Chine. Shanklin is the Island's major town on the south coast and serves as a day-to-day needs centre, particularly for the Sandown, Shanklin Lake conurbation, which wrap around Sandown Bay. The sandy beaches and leisure offer of the area ensure high numbers of visitors and tourists, particularly in the Summer season, boosting the local population of around 19,500. It also has a railway station which goes through to Lake, Sandown, Brading and Ryde Pier Head to link up with Wightlink’s fast passenger ferries to Portsmouth Harbour and trains onwards to London Waterloo and Gatwick.

Description

Foxhills is an imposing detached late Victorian building with accommodation on three floors. The property has undergone an extensive programme of refurbishment in the last 2 years, now offering 8 individually themed luxury guest bedrooms all with en-suite facilities. Supported by an inviting residents' lounge, garden dining room plus a second, more intimate dining room for private parties, plus a comprehensively equipped kitchen. Guests to Foxhills can enjoy the well-tended gardens and on-site parking facilities. The current owners offer B&B, or rent out the whole house on a weekly basis.

Owners' Accommodation

The separately accessed, well-presented two storey owner’s accommodation is situated to the rear of the hotel and benefits from a link to the main building offering a large lounge/diner, second lounge area, kitchen, 3 bedrooms, shower room, bathroom and additional storage area/fourth bedroom, and access to a private enclosed garden.

The Business

Foxhills is open year-round, only closing through the owners' choice for holidays etc. Detailed accounts and a summarised inventory can be made available to bona fide applicants upon request, after inspection of the business premises.

Terms

Freehold, business, goodwill, fixtures and fittings for sale, with offers invited in the region of £850,000 (plus stock at valuation on completion)

Uniform Business Rate

Rateable Value: £6,200

2024/2025: 54.6p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on

Viewing

Strictly by appointment with sole agents Gully Howard Commercial Property, Suite 11 Salisbury Gardens, Dudley Road, Ventnor PO38 1EJ. Call Gavin Chambers or Morgan Williams on . E: Or

under no circumstances should any direct approach be made to the property, as they will be unable to assist with enquiries