Leisure/hospitality for sale in Esplanade, Shanklin PO37

We are pleased to offer this superb opportunity to acquire 3 beach concessions measuring we understand approx. 93 metres, one with water rights and the other two with beach concessions. They are well situated towards the far end of Shanklin sea front and this area is well used by both local residence and holiday visitors.
The present licencee has run the concession for approx. 20 years and has now decided the time is right for another party to take on this lifestyle business and it should be noted we feel there is much scope to extend the current trading time from April until September, as our client has run it on a more limited capacity to suit their family life.
Included within the sale will be a good shed/hut that was constructed circa. 2020 and three sets of wooden steps proving access from the esplanade to the beach. Further equipment will include:
Sun beds x 50, Single Kayaks X12, Double Kayaks X3 (all paddles with these), Parasols x25. Tables x40, Paddle Boards x4 (all paddles), Inflatables - Sumbrero, Banana and 2 x Lunas, Helmets for inflatable rides x29, Deckchairs x50, Windbreaks x20, Umbrellas x20, Body boards x10, Life jackets all sizes approx 40.
Various other items including; Sandwich advertising boards, Ropes, Storage bars for kayaks.
The concession is being offered for sale on a new 10 year lease at a rent/licence fee of £803.91 per annum for B27 & B27a and £659.86 for B27B.
The current annual public liability insurance premium is approx. £2,000-£2,500 per annum.
The site is available to view at anytime but if you require further information please contact our office.
Nb: Rents and licence fees quoted relate to 2023/24