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Stunning Boutique Hotel, Dwelling, & Profitable Business, Enviable Lifestyle, Ventnor, Isle of Wight

Ventnor, Isle of Wight
Freehold Price:
Offers Invited
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
237834
Reference
BP.0070798 / Rightbiz
01823432603

Details

Baker Payne are extremely pleased to offer For Sale, Hillside. A stunning freehold Country House, Coastal Dwelling, and Boutique Hotel, on behalf of long standing owner operators who have made the decision to sell owing to a desired relocation back to their family and native country after many successful years. 

13 Bedrooms and 2 Apartments, this is an extremely versatile 18th century building in its lay-out, so far as how a small family unit, or husband and wife team, or chef and partner may configure it from a lettings room versus personal accommodation perspective.  

Our client purchased the business and property around 10 years ago by relocation owing to the lifestyle on offer, the stunning locality, and the potential for profitability and occupancy levels. They have comfortably found an easy balance between the hotel being their work, and a lovely lifestyle and existence for themselves, and their visiting family & friends. Equally there is an added bonus of excellent annual turnover and operating profit, and meeting some fantastic people and guests along the journey. This is where we see a new buyer fitting in, for the exact same reasons that the present owner has benefitted over the last decade.  

Ideal for a relocating buyer, wishing to downsize from the hamster wheel of the city, and take on a brilliant opportunity to gain a well maintained lifestyle and existence from a healthy going concern business, or just live in a phenomenal residence. From an operational perspective, the annual turnover is kept at a lower level by lifestyle choice, and carries huge scope and growth if so desired. Average annual turnover comes in at around £200,000 per annum by accounts. 

Often referred to as the Mayfair of the Isle of Wight, due to its properties of stature and desire, its superb coastline with views across the ocean, and its microclimate where even in April - season of showers - they only see an average of 6 days rain. The normal temperature in the winter is 10-12 degrees C. Ventnor is possibly one of the most sort after parts sitting on the South East coast of the Island. The Isle of Wight in general is seeing an upsurge in desirability and popularity at the present time, especially with corporate activity. 

The beautiful and aptly named Hillside, is a stunning property in a largely elevated position, which would over the longer term possibly make an ideal personal residence. Briefly comprising lovely reception hall, two lounges, conservatory, beautiful owners apartment, professional kitchen, restaurant, parking, courtyard, fruit & veg farming, fabulous grounds & gardens surrounded by National Trust land, terrace with views, converted stables, substantial and spacious 3 storey property throughout, retaining lots of original character, thatched roof, contemporary modern style fixtures, fittings, décor and ambience, no expense spared in its creation and ongoing maintenance, with solid repeat clientele, annual turnover and return occupancy levels. 

Highly acclaimed and renowned, the property is built in traditional island stone and is a Grade II listed building constructed in the 18th century. Extensive grounds offer lawns, walled fruit & veg gardens, and own water wells. Meticulous attention is paid to the upkeep and maintenance of the property, including the recent 2019 overhaul of all the windows. 

A proven profitable lifestyle led business that can be operated at a personal pace to suit, or driven further on a business and profits level. 

Please note that this property is EPC exempt by the listed buildings category. 

This property and business has been viewed and valued by Richard Payne who will be happy to discuss the opportunity in further detail | M. 07864 054440 | richard.payne@bakerpayne.com 

Accounting information and financials will be made available to seriously interested parties following a formal viewing inspection and meeting with our client. 

Seller Details
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Listing Details
Freehold Price: Offers Invited
Tenure: Freehold
Marketed By: Baker Payne Property
Sector: Hotels, Holiday Businesses, Restaurants
Financials
Annual Turnover: £200,000
Annual Net Profit: £90,000
Key Features
  • Attractive Business
  • Established Business
  • Prime Location
  • Unique Business
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