Keats Cottage 76 High Street, Shanklin, I.W. PO37 6NJ 206619 HISTORICAL & CHARACTERISTIC B&B WITH SHOP CHARTERED SURVEYORS COMMERCIAL PROPERTY AGENTS RETAIL INDUSTRIAL OFFICE INVESTMENT BUSINESS TRANSFER DEVELOPMENT LAND MANAGEMENT RENT REVIEWS Located at the top of Shanklin's Old Village Historial landmark building dating back some 400 years with many original features Trading as bed & breakfast with gift shop on ground floor. For sale with offers 'in the region of' 325,000 freehold, goodwill, fixtures & fittings plus stock at valuation LEASE RENEWALS VALUATIONS ARBITRATION ACQUISITIONS EXPERT WITNESS HISTORIC BUILDINGS CONSULTANCY LOCATION Keats Cottage is ideally situated and established at the top of Shanklin's picturesque Old Village. DIRECTORS NICK BUCKLE BSc(Hons) MRICS Shanklin Old Village has been a consistent magnet for tourists since Victorian times. A collection of pretty period buildings grouped around the head of Shanklin Chine form one of the most important tourist destinations on the Island. Shanklin is the most important town on the Island's south coast and serves as a centre for day to day needs for the Sandown-Shanklin-Lake conurbation of around 19,500 people and, most importantly to the current trading style of Keats Cottage has an enormous influx of tourists during the season. GAVIN CHAMBERS BA(Hons) GRANT HIGGS JAMIE WHITTLE BSc(Hons) PgDipSurv MRICS SHAUN WOOLFORD MBA BSc(Hons) Dip Proj Man MRICS REGISTERED OFFICE 62 High Street, Newport, Isle of Wight PO30 1BA Registered in England and Wales No. 6477562 DESCRIPTION Keats Cottage which has been lovingly restored and repaired by the current owners, forms the majority of an end of terrace building, the small element "Keats Gallery", sold off. The ground floor offers retail premises (originally a restaurant) totalling some 85m² (914.9ft²) of which some 39.4m² (424.1ft²) are the public areas, supported by guest dining room, quasi domestic kitchen, fully equipped commercial kitchen and storage. The upper floors currently provide owner's and letting accommodation running to a total of five ensuite letting rooms, guest lounge, owner's lounge and bedroom. Vat No. 928 0215 39 62 HIGH STREET NEWPORT ISLE OF WIGHT PO30 1BA TEL 01983 822555 MERRITTS FARM WHITE HORSE LANE WATERLOOVILLE The five letting rooms are named Keats, Baker, Williams and Morland, with Keats and Morland, each carrying their own historial story. Particularly popular with historians and poets, guests are interested to know that the poet John Keats stayed and wrote at "Keats Cottage" in the room named "Keats Room" for 3 months in the summer of 1819, completing works such as "Othio the Great, parts of "Lamia and some of his famous odes. Other famous artisians who stayed at Keats Cottage include the artist George Morland, PO7 6QL TEL 02392 257224 EMAIL enquiries@gullyhoward.com www.gullyhoward.com
who painted the famous picture "The Wreckers" and Thomas Morton the dramatist famous for his work "Speed the Plough". The cottage at this time was called "Eglantine Cottage" and guests were looked after by a Mrs Williams. The whole property is of some considerable character and brings with it historial provenance benefiting from original feature fire places throughout, some original beams and a pleasant, enclosed rear garden. Guest rooms on the second floor benefit from views over Shanklin's Old Village and out to the English Channel and views of the Downs. ROOM SCHEDULE First Floor Baker Room Not Inspected Not Inspected Morton Room Double En-suite shower Keats Room Double En-suite shower Second Floor Morland Room Twin En-suite shower Williams Room Twin Ensuite Bath OWNERS ACCOMMODATION Located on the first floor, and comprising a large lounge area benefiting from characteristic large windows, spacious bathroom with corner bath and separate shower, and large double bedroom with door leading to the private rear garden. THE BUSINESS The current owners have been at Keats Cottage for 6.5 years and initially ran Keats as a restaurant and 4 star hotel. The restaurant was converted around 3 years ago to a Gift Shop which they still run today. Having refurbished the rooms, the current owners have re-opened as a Bed & Breakfast, offering accommodation to adults only, welcoming walkers, cyclists, well behaved dogs and operate all year round including Christmas and New Year. Rooms are offered on a bed & breakfast basis at a rate of 27.50 per person per night, or bed only at a rate of 22.50 per person per night. There is the potential to increase trade by inviting children, and transforming the Baker Room, which is currently occupied by a family member, into a family suite. The retail unit has historially been used as a restaurant and as such would suit this use again, subject to relevant consents. TERMS Offers are invited "in the region of" 325,000 for the benefit of the business premises, fixtures, fittings and goodwill of the business plus stock at valuation on completion. INVENTORY A detailed inventory is available at the offices of Gully Howard. UNIFORM BUSINESS RATE Rateable Value - 7,500 and Council Tax Band A (2011/2012) 43.3p without small business relief. Small business relief may be available on the property but interested parties should make their own enquiries of the Isle of Wight Council with regard to eligibility and rates that apply. It should also be noted that the rate liability may be affected by the Government's transitional arrangements. Interested parties should make their own enquiries to confirm any rate liability. VIEWING Strictly by appointment with sole agents Gully Howard on 01983 822555, contact Corina Sewell or Grant Higgs. Under no circumstances should any direct approach be made as staff will be unable to assist you. Whilst these particulars are believed to be correct neither the agent nor the clients guarantee accuracy nor are they intended to form part of any contract. We have not carried out any survey. All offers are subject to formal contract. Interested parties must satisfy themselves independently as to VAT in respect of any transaction. Gully Howard and staff are not able to give any warranty or representation in connection with this property and have not tested any plant, purchasers must satisfy themselves as to its condition. Plans are shown not to scale and for identification only, dimensions are approximate and location plans may not show all current occupiers.
Keats Cottage, 76 High Street, Shanklin, Isle of Wight Gift Shop Commercial Kitchen Dining Room Gift Shop Dining Room Guest Lounge
Keats Cottage, 76 High Street, Shanklin, Isle of Wight Keats Room Morland Room Rear enclosed garden Keats Room View from Morland Room Rear enclosed Garden
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