SSTC

Madeira Road, Ventnor

Guide Price £700,000

Commercial Property

Overview

Commercial Property for sale in Madeira Road, Ventnor

A substantial 4 storey detached hotel (12,647 sq.ft. - source EPC) with sea views occupying a site of approximately 2.92 acres including swimming pool, tennis court, helipad and car park. Development potential, vacant.

The property is south facing and enjoys an elevated position with cliffs leading down to the sea. The accommodation includes 26 en-suite guest rooms, restaurant, sun terrace, bar, meeting and banqueting facilities and a games room.

Potential to create additional dwellings utilising the large site, the hotel buildings are suitable for existing and alternative commercial uses as well as conversion to residential subject to planning.

AUCTION BEING HELD ON THURSDAY 22 APRIL 2021 AT 10:00

To View
Please contact Grey & Co Network Auctions , Commercial , Land and New Homes

Description/Location - The property is south facing and enjoys an elevated position with cliffs leading down to the sea. The accommodation includes 26 en-suite guest rooms, restaurant, sun terrace, bar, meeting and banqueting facilities and a games room.

Potential to create additional dwellings utilising the large site, the hotel buildings are suitable for existing and alternative commercial uses as well as conversion to residential subject to planning.

Accommodation - Ground floor: Hotel reception area, administration office, male and female WC facilities. Residents lounge (leading to sun terrace) Rooms: 2 x split level family rooms, 2 x twin rooms, 3 x double rooms
Lower ground floor: Public lounge bar, breakfast room, function room, restaurant (approximately up to 100 covers), commercial kitchen (with preparation/ washing area and utility/laundry room), games room, cellar/ bottle store (with delivery access).
Rooms: 1 x twin room, 1 x twin/ double garden room, 1 x double garden room
Upper floors:
Flat roof patio terrace, linen store
Rooms: (some with private balconies and sea views) 1 x twin room, 1 x twin/ double garden room, 1 x double garden room
Top floor Rooms:
1 x family room 1 x family suite 1 x king size room 1 x feature "turret" room
Outside: Car parking for approx. 24 vehicles. Set in grounds of approximately 2.92 acres

Tenure - Freehold

To View - Please contact Grey & Co Network Auctions, Commercial, Land, New Homes on 020 8903 3909.

Local Authority - Isle of Wight Council
01903 821000
www.iwight.com

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