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Property new instruction
11 bedroom Commercial in Shanklin, Isle of Wight, £690,000

Ventnor office.
Summerhill Apartments are situated in a private road within 200 feet of the popular Coastal Path
linking Sandown, Lake and Shanklin and providing access to the beach with stunning views over
Sandown Bay. Shanklin is the largest town on the South Coast of the Island and provides the main
shopping offer. Local attractions include Shanklin Theatre, Shanklin Chine, Rylestone Gardens and
the picturesque Old Village.

The high quality of accommodation and attention to detail is reflected by a 4 Star AA Award. Summerhill Apartments are marketed via the Visit IOW website, Google and the AA website, together with their own
dedicated website www.summerhillapts.co.uk which has an on-line booking facility, generating a
good level of interest, a high occupancy rate and substantial future bookings. Detailed financial
information is available to bona fide applicants following an inspection of the business premises.

THE APARTMENTS:

There are 7 apartments in total as follows. Rates quoted are per week:-
Rose - a 1 bedroom apartment sleeping 2. 300 (low season) 530 (high season)
Peonie - a studio apartment sleeping 2. 275 (low season) 490 (high season)
Chestnut, Treetops & Willow - all with 2 bedrooms able to sleep 4 adults + cot. 480 (low season)
845 (high season)
Honeysuckle - a 3 bedroom apartment sleeping 6 + cot with access to the garden & patio area.
580 (low season) 950 (high season)
This provides a potential income of 4,505 per week in the high season if fully let. During the low
season guests also have the opportunity of booking for short breaks of 3 or 4 nights as an alternative
to taking a full week. Please see separate floor plan for full details of the layout of the various
apartments and owner\'s accommodation.
OWNER\'S ACCOMMODATION:
The generous sized Owner\'s Accommodation is located on the ground floor with Lounge, Kitchen, Bathroom and 3 bedrooms with access
to the garden and parking.

INVENTORY:

A detailed inventory will be made available to bona fide applicants following a viewing of the business premises.

TERMS:

For Sale with offers invited in the region of 690,000 for the benefit of the freehold of the premises, fixtures, fittings and goodwill of the
business.

UNIFORM BUSINESS RATE:

Rateable Value - 7,300 (2017/2018) _ 0.479p without small business relief. Interested parties should make their own enquiries of the Isle of Wight Council to
confirm any rate liability or rate concession that may be applicable by telephoning Business Rates on: 01983 821 000.

COUNCIL TAX:

The owner\'s accommodation falls within Band A for Council Tax, source www.voa.gov.uk

DISCLAIMER
We have not tested any fixtures, fittings, appliances or services, including any central heating system and we cannot therefore guarantee that these are in working order.
1) Items shown on photographs in these particulars do not imply that they are included in the sale.
2) Tenures are unconfirmed unless stated otherwise.
3) Floor plans are not to scale and are for guidance as to the arrangement of accommodation only.
4) All measurements are approximate.
5) Internal square footage measurements are approximate and
do not include hallways, bathroom/shower rooms or w.c.s.

TO VIEW:
Strictly by appointment only through the vendors joint sole agents 01 Estate Agents and Gully Howard


Summerhill


Self catering apartment


Self catering apartment


Self catering apartment


Self catering apartment


Self catering apartment


The gardens