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Waterfront Inn, Esplanade, Isle of... 1 bed property for sale
Waterfront Inn, Esplanade, Isle of Wight, PO37 6BN
£825,000
Waterfront Inn, Esplanade, Isle of Wight, PO37 6BN
£825,000
Our Summary
- Online Auction on Thursday, 24 April 2025
Description
This substantial building on Shanklin's award-winning seafront offers a unique opportunity to own a thriving bar, restaurant, and hotel. The property boasts extensive terraces with panoramic views of the beaches and Whitecliff Bay, and can accommodate 190 covers. In addition to the main business, there are eight guest rooms, three with sea views, and owners' accommodation comprising a bedroom, sitting room, office, and conservatory. The property is located on the esplanade, overlooking the sandy beaches and has a railway station nearby, making it an attractive proposition for tourists and locals alike. The current tenant is trading as The Waterfront and has a 15-year lease with a current passing rent of £82,250 per annum. The property is set to go to online auction on April 24, 2025, and prospective buyers can access further information on bidx1.com.