30 bed detached house

Our Summary

• Huge scope for refurbishment or redevelopment, STP
• A rare and exciting opportunity to acquire a substantial former hotel premises in the heart of Shanklin Old Village, extending to in the region of 3,000 sq m / 32,000 sq ft, and offered with vacant possession as a significant refurbishment, redevelopment or conversion opportunity, subject to all necessary consents
• The property is not being sold as a going concern, but rather as a vacant former hotel, bar and restaurant premises with considerable scope for a purchaser to reimagine its future use
• For those seeking to reinstate hospitality use, the building provides an established former hotel layout, while developers and investors may wish to explore alternative possibilities, including residential conversion, subject to planning permission and any other necessary approvals
• The layout provides flexibility and scale, giving a future purchaser the ability to consider a wide variety of potential configurations
• The plot is of irregular shape and includes the main hotel building together with surrounding external areas, giving the property a strong sense of presence and further enhancing its appeal as a development or refurbishment opportunity
• The property is now vacant and will be sold as seen, allowing a purchaser to take possession of a blank canvas in one of the Isle of Wight’s best-known tourist locations
• While the building requires investment and improvement, the combination of scale, position, former use and potential makes this a compelling opportunity for developers, hospitality operators, investors or those seeking a substantial character property with future possibilities
• The location is particularly well suited to a variety of future uses, subject to consent, with strong appeal for tourism, hospitality, holiday accommodation, residential conversion or mixed-use redevelopment
• Any refurbishment, redevelopment, alteration or change of use will therefore be subject to the necessary planning, conservation, building regulation and other statutory consents