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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 bar, restaurant, and hotel with extensive terraces and panoramic views of the beaches and Whitecliff Bay. The property features a bar and dining room with 190 covers, eight guest rooms with en-suite facilities, and owners' accommodation. The property also includes staff facilities, storage, and utility areas, as well as a parking area for five cars. Situated on the esplanade, the property is close to Shanklin town center, which offers great retail shopping, pharmacies, cafes, and churches, and is on a main bus route with easy links to other island hotspots. The property is available for sale with a fully repairing and insuring lease on a 15-year term, with a current passing rent of £82,250 per annum.