FOR SALE FERNBANK HOTEL 6 HIGHFIELD ROAD, SHANKLIN, ISLE OF WIGHT, PO37 6PP Offers in the region of 825,000 Freehold
SUMMARY 17 refurbished letting bedrooms Spacious bar and dining room Indoor pool and delightful gardens Very profitable from a 7 month season INTRODUCTION Fernbank styles itself as a quiet retreat close to the sea, smart throughout, our clients have invested heavily in creating a desirable property which trades as a B&B hotel, has a delightful bar for guests and a stunning breakfast/dining room. The gardens are well-kept and the indoor pool is popular with the many returning guests. Our clients purchased the hotel in 2010 and set about major refurbishments. The business operates on 17 ensuite letting bedrooms, opening seasonally March to end of October. However, over the last three years due to personal circumstances the business has operated Easter to the end of September only. There is space to expand the business as well as creating another letting bedroom from the underused ground floor lounge. The Fernbank previously traded very successfully as a wedding, function, and restaurant venue. LOCATION Set in an enviable location, Fernbank is located close to the idyllic Old Village. It is only a short walk to a wide and varied selection of places to dine. Queen Victoria made her home here, she loved the Isle of Wight and visitors can visit the remarkable Osborne House and gardens. 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 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.
THE PROPERTY Believed to date from as early as 1800 in parts, the property was extended considerably in the 1970 s, including the construction of the swimming pool. Built of brick with some rendered elevations, tiled and flat roofs. It is not listed though it is in a Conservation Area, and the accommodation is laid out on a ground and first floor. LETTING BEDROOMS 17 letting bedrooms to sleep 31 (4 superior rooms, 4 classic doubles, 3 zip and link (doubles or twins), 2 small doubles, 3 singles, and 1 family room which has an adjacent single). Each room is en suite, some have baths. The rooms have central heating, Wi-Fi, Freeview TV and DVD, radio alarm clock, tea and coffee making facilities, and hairdryers etc. OWNERS ACCOMMODATION The double en suite bedroom on the ground floor is adjacent to the office and store room so could be opened up into a small flat. PUBLIC AREAS OUTSIDE The garden wraps around the south of the property and the swimming pool is at the Eastern end of the building with doors out into the garden and onto the terrace. The boule court has been taken over by sun loungers in what is a very private and secluded part of the garden. The smart car park has recently been re-tarmaced and lined. There is car parking for around 13 both in the main car park and to the rear of the property. Garden shed. SERVICES Isle of Wight Local Authority 01983 821 000 Mains gas, electricity, water, and drainage. Gas fired central heating, a pressurised system. Double glazing. 2018 LISTINGS Visit Isle of Wight. AA 4* Gold Award & Breakfast Award. Trip Advisor Certificate of Excellence 2017 The front door leads into a wide reception hall. The Green Lounge has a wide floor to ceiling picture window at the far end which opens out onto the garden. The room is furnished with sofas and chairs. Main Bar (16) with a timber servery, tub chairs, tables, and sofas, and again doors onto the South-facing terrace. The Garden Room is a lovely space, including a small lounge area with two sofas around an attractive fireplace. Very large breakfast dining room with windows that sweep round in an arc to give a tremendous sense of openness. Capable of seating as many as 50, an ideal venue for private functions.
SERVICE AREAS Kitchen, various stores. Managers office. Staff store and WC. Laundry room. LICENCE Premises Licence. WEBSITE www.fernbank-iow.co.uk/ TRADE Extremely profitable bed and breakfast business, trading on a 7 month season only. Further information available on request from the sellers agents, Colliers International. PRICE 825,000 is sought for the freehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation. 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 Ventnor 3 miles, Newport 7, 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 it becomes Sandown Road, then Arthurs Hill then after the traffic lights, North Road. Soon it becomes the High Street and on your right is Victoria Ave, the A3020. Having turned right, third on your left is Highfield Road and Fernbank is over the brow.
FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Ed Jefferson BSc(Hons) MRICS Tel: 0117 917 2011 Email: Ed.Jefferson@colliers.com Property Reference; 205447 Colliers international 10 Temple Back Bristol BS1 6FL www.colliers.com/uk/hotels Disclaimer 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 employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. SEPT 17. Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA. www.colliers.com/uk/hotels