Hotel for sale

LOCATION
Located on Atherley Road, Ryedale is ideally situated a short walk from the local train station which operates between Shanklin and Ryde Pier Head, serving Smallbrook Junction, Brading, Sandown and Lake stations along the way. Other transport links are also located nearby.

Ryedale is also just a short walk from the thriving town centre, esplanade and golden sandy beaches.

Shanklin is a popular tourist destination on the Southeast coast of the Island, well known for it's extensive beaches and iconic Old Village.

DESCRIPTION
Offered for sale is Ryedale, a beautifully presented 7 en-suite bedroom guest house, with a separate 2/3 bedroom owners accommodation.

The current owners operate the business on a bed and breakfast basis between Easter and October, leaving scope to increase trade. Guests can currently book via Booking.com, Hotels.com and Eviivo via the Ryedale website.

The property is well maintained and offers a turn key business ready for new owners. The turnover for the business is just under the VAT threshold.

ACCOMMODATION
The property offers the following accommodation:

Ground floor
Entrance hall
Room 1 Double Room with en suite shower
Room 2 Superior Double with en suite shower
Store / Laundry cupboard
Stairs to first floor
Dining room
Kitchen

First floor
Store cupboard
Room 3 Double with en suite shower
Room 4 Double or Twin with en suite shower
Room 5 Single with en suite shower
Room 6 Double with en suite shower
Room 7 Family Suite, a double room with small bunk room for children under 12

Owners accommodation:
The owners accommodation is accessed via the kitchen and provides:

Ground floor
Living Room
Bathroom
Bedroom 3/Office

A lovely private south facing garden is accessed from the dining room.

First floor
Bedroom 1
Bedroom 2

TERMS
Our client is asking guide price £575,000 to include the FF&GW + SAV.

OUTGOINGS
The VOA shows a rateable value of £5,900. Estimated rates payable will be circa £3,000 without any applicable relief. Please direct any enquiries to the Valuation Office Agency.
Council Tax Band A.

PARKING NOTES
Parking is available at a nearby carpark, for which guests receive a free parking permit. The current owners also offer discount with Wightlink and Red Funnel car ferries.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact on[use Contact Agent Button] or [use Contact Agent Button]