Hotel for sale

LOCATION
Situated on Quay Street, just off the High Street of the Islands principle town. Newport is located in the centre of the Island and has a range of local and national shops and supermarkets as well as a good range of restaurants, cafes and coffee shops. There are good transport links to the rest of the Island.

DESCRIPTION
The Business
Clientele include those coming to the Island to work in local businesses, the court and hospital as well as tourists looking for a central base from which to visit the Island.
Trading figures are available to bona fide applicants following a viewing.

Newport Quay Hotel is a 17th century Grade II listed property set on a street with a number of properties of similar age and character. The property has many interesting features including timber beams, panelled walls and fireplaces. The recent programme of refurbishment and renovation includes replacement of all plumbing, central heating, boilers and hot water storage. Rewired throughout. Gas supply serviced. New fire alarm system, new fire doors. Fire and alarm systems signed off by Hampshire Fire Officer. CCTV monitoring installed throughout. Wight Fibre broadband and Wi-Fi installed throughout. A full list of works is available.

Extensive building works have also taken place including replacement ceilings and floors, a new kitchen, replacement baths. The interior has been painted throughout and new carpet fitted in the lounge, all bedrooms and public areas. Extensive replacement of furnitore.

Entrance to the property is from Quay Street with the front door leading to the lounge and reception.. The lounge has a range of comfortable seating, panelled walls and feature fireplace. This room also provides additional seating for breakfast guests when required. Just off the reception area a fridge and ice making machine is provided for the use of guests.

The dining room leads off from the lounge and provides seating for up to 18 guests. Off the dining room the newly fitted kitchen has a range of catering equipment to service the needs of the bed and breakfast customers.

ACCOMMODATION
Stairs up from the lounge lead to the letting rooms. All are en suite.
Room 1 Single
Room 2 Family (situated on 2nd floor)
Room 3 Double
Room 4 Double
Room 5 Single
Room 6 Single
Room 7 Single
Room 8 Single
Room 9 Double
Room 10 Triple. En suite with bath
Stairs down to:
Room 11 Double with queen size bed and en suite bath
Room 12 Double with king size bed and en suite with bath

Owner's accommodation consisting of 3 bedroom house, linked to the hotel. One bedroom is en suite, family bathroom, lounge and kitchen.

Laundry room and various storage areas.

Outside there is a courtyard area with seating, for the use of guests, and a private owner's garden. Rear acess to the Sea Street car park for the use of the owners.

There is on street metered parking to the front of the hotel, with further long stay car parks a short walk away. There are two sets of council run EV charging points right outside the hotel.

TERMS
Price Guide £950,000 for the freehold to include fixtures, fittings and goodwill.

OUTGOINGS
£12,000 (April 2017). Current multiplier 51.2 p before any rates relief. Currently if small business rates relief is applicable no rates are paid on premises with a rateable value of £12,000 or less.

VIEWING
All viewings to be arranged via HRD Commercial. Please [use Contact Agent Button]