The Havelock Shanklin, Isle of Wight CONTACT US Superbly presented and very profitable B&B 7 ½ months trading season giving a great work/life balance 22 letting bedrooms and a 2-bedroom suite for owners or managers Circa 140,000 profit so 65% mortgage available, subject to status Viewing is strictly by prior appointment with Colliers International through: Simon Wells Hotels 0117 917 2000 simon.wells@colliers.com Property Ref: 219120 975,000 Freehold Colliers International Broad Quay House Broad Quay Bristol BS1 4DJ www.colliers.com/uk/hotels
Originally built as a gentleman's residence, The Havelock is a smart and comfortable Bed and Breakfast business which is stylish, but not ostentatious. Open from mid- March through to the end of October, the business trades on a B&B basis with a delightful bar/lounge for a quiet evening with friends. The two bedroom suite for owners or managers has the potential to enlarge by re-incorporating two rooms on the first floor to provide family accommodation, subject to any necessary consents. Set in an enviable location close to the cliff path, The Havelock enjoys far reaching sea views over Sandown Bay. Ideally positioned between the quaint Old Village and the seafront, it is only a short walk to a wide and varied selection of places to dine. Local attractions include Shanklin Chine with its 45 foot waterfall and heritage museum, Godshill Model Village, Sandown Zoo, the Blackgang Chine and the renowned Needles, to name but a few. Access to the island is easy being a short crossing on the Portsmouth to Fishbourne on the car ferry or you can take a train from Ryde which means you do not need a car at all. The island has a loyal holiday following and events such as the Isle of Wight Festival help to bring new visitors to this very special island. Acquired by the present owners in October 2007, The Havelock has undergone a major programme of refurbishment over recent years which is appropriately reflected in the 4 Star rating. It is probably true to say all the hard work has been done and the results can be seen on the eye-catching bottom line. Not bad for working two thirds of the year and ideal if you see yourselves travelling the world through the winter months. Our clients priorities have now changed and for family reasons they are proposing to sell what is an excellent opportunity for new proprietors to capitalise on the still growing turnover and profits. THE PROPERTY A property of traditional construction under a combination of slate and flat roofs. The accommodation is laid out over ground, first and second floors. The public rooms and 11 letting bedrooms benefit from sea views. PUBLIC AREAS The Entrance Hall has a reception desk with office behind, doors to the public rooms and staircase to the upper floors. The Lounge Bar is comfortably furnished with an array of sofas and chairs, an attractive bar counter server. French doors lead onto the terrace and front garden. The bright and airy Dining Room (50) has similar views over the front garden to Sandown Bay beyond. LETTING BEDROOMS There are 22 letting bedrooms arranged over all three floors to accommodate up to 47 guests (3 single, 1 twin, 13 doubles, 3 family and 2 suites). Each bedroom is en suite (11 bath/shower and 11 shower) with colour television, hairdryer, central heating radiator and tea and coffee making facilities. 11 of the letting bedrooms have sea views, 2 of which also have balconies. SERVICE AREAS With in and out doors from the dining room the spacious kitchen is equipped to provide more comprehensive catering, should that be desired. A private dining area at one end provides for resident owners and staff. A door leads to the external laundry room, a separate storeroom and boiler house with a boiler and pump servicing the swimming pool. OUTSIDE Paved terrace overlooking the neatly manicured front lawn and flower borders. To the rear there is a heated swimming pool with paved surround and decked area - a wonderful suntrap. Car parking for 18 vehicles in marked bays, 9 at the front and 9 to the rear. OWNERS ACCOMMODATION The ground floor suite comprises an inner hallway with doors leading to lounge, bedroom with en suite bathroom and second bedroom. Previously a private staircase rose to the first floor and perhaps could be reinstated to include to more rooms into the family accommodation. SERVICES Isle of Wight Council Tel: 01983 821000 Mains gas, electricity, water and drainage. The heated swimming pool is serviced by its own boiler. LICENCE The property has a Premises Licence.
LISTINGS 4 Star Silver Guest Accommodation Visit Britain Good Breakfast Award Visit Britain - www.visitbritain.com Isle of Wight Accommodation Guide www.havelockshanklin.co.uk TRADE Trading and Profit and Loss accounts provided by our clients for the 2012 season show a trading proft of circa 130,000. 2013 is better again and they are expecting to show a trading profit of about 140,000 for working owners. A real bonus here is that the owners trade for approximately 7 ½ months of the year - opening from around mid-march to the end of October, leaving plenty of time to enjoy travel or simply to take a break. PRICE 975,000 is invited for the freehold property complete with goodwill and trade contents, (according to inventory) but excluding personal items. Stock at valuation. RAISING A MORTGAGE Having consulted an Independent Financial Advisor we understand that a mortgage of 60/65% should be available, subject to status. For further details please call or email. FINANCE Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved. TO VIEW All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights. DIRECTIONS Newport 7 miles, Ventnor 3, Ryde and Fishbourne Ferry Terminal 7 miles. Portsmouth to Fishbourne (via ferry) 40 minutes. From Fishbourne take the A3054 towards Ryde, then follow the signs for the A3055 towards Sandown and Shanklin. Continue along the road through Sandown and Lake and at the traffic lights prior to Shanklin town centre, take the second left into Queens Road. Proceed up the hill and The Havelock is on the right hand side towards the end.
Misrepresentation Act: Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 2 August 2013 Colliers International is the licensed trading name of Colliers International Property Advisors UK LLP which is a limited liability partnership registered in England & Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.