Keats Cottage, 76 High Street, Shanklin, Isle of Wight

Keats Cottage
76 High Street , Shanklin, I.W. PO37 6NJ
206619
HISTORICAL & CHARACTERISTIC B&B WITH SHOP
CHARTERED SURVEYORS
COMMERCIAL PROPERTY AGENTS
RETAIL
INDUSTRIAL
OFFICE
INVESTMENT
BUSINESS TRANSFER
DEVELOPMENT LAND
MANAGEMENT
RENT REVIEWS
Located at the top of Shanklin's Old Village
Historial landmark building dating back some
400 years with many original features
Trading as bed & breakfast with gift shop on
ground floor.
For sale with offers 'in the region of' £325,000
freehold, goodwill, fixtures & fittings plus
stock at valuation
LEASE RENEWALS
VALUATIONS
ARBITRATION
ACQUISITIONS
EXPERT WITNESS
HISTORIC BUILDINGS
CONSULTANCY
LOCATION
Keats Cottage is ideally situated and established at the top of Shanklin's picturesque Old Village.
DIRECTORS
NICK BUCKLE BSc(Hons) MRICS
Shanklin Old Village has been a consistent magnet for tourists since Victorian times. A collection of
pretty period buildings grouped around the head of Shanklin Chine form one of the most important
tourist destinations on the Island. Shanklin is the most important town on the Island's south coast and
serves as a centre for day to day needs for the Sandown-Shanklin-Lake conurbation of around
19,500 people and, most importantly to the current trading style of Keats Cottage has an enormous
influx of tourists during the season.
GAVIN CHAMBERS BA(Hons)
GRANT HIGGS
JAMIE WHITTLE BSc(Hons) PgDipSurv MRICS
SHAUN WOOLFORD MBA BSc(Hons) Dip Proj Man MRICS
REGISTERED OFFICE
62 High Street, Newport, Isle of Wight PO30 1BA
Registered in England and Wales No. 6477562
DESCRIPTION
Keats Cottage which has been lovingly restored and repaired by the current owners, forms the
majority of an end of terrace building, the small element "Keats Gallery", sold off.
The ground floor offers retail premises (originally a restaurant) totalling some 85m² (914.9ft²) of which
some 39.4m² (424.1ft²) are the public areas, supported by guest dining room, quasi domestic kitchen,
fully equipped commercial kitchen and storage. The upper floors currently provide owner's and
letting accommodation running to a total of five ensuite letting rooms, guest lounge, owner's lounge
and bedroom.
Vat No. 928 0215 39
62 HIGH STREET NEWPORT
ISLE OF WIGHT
PO30 1BA
TEL 01983 822555
___________________
MERRITTS FARM
WHITE HORSE LANE
WATERLOOVILLE
The five letting rooms are named Keats, Baker, Williams and Morland, with Keats and Morland, each
carrying their own historial story. Particularly popular with historians and poets, guests are interested
to know that the poet John Keats stayed and wrote at "Keats Cottage" in the room named "Keats
Room" for 3 months in the summer of 1819, completing works such as "Othio the Great, parts of
"Lamia and some of his famous odes. Other famous artisians who stayed at Keats Cottage include
the artist George Morland,
PO7 6QL
TEL 02392 257224
___________________
EMAIL
[email protected]
www.gullyhoward.com
who painted the famous picture "The Wreckers" and Thomas Morton the dramatist famous for his work "Speed the Plough". The cottage at
this time was called "Eglantine Cottage" and guests were looked after by a Mrs Williams.
The whole property is of some considerable character and brings with it historial provenance benefiting from original feature fire places
throughout, some original beams and a pleasant, enclosed rear garden. Guest rooms on the second floor benefit from views over
Shanklin's Old Village and out to the English Channel and views of the Downs.
ROOM SCHEDULE
First Floor
Second Floor
Baker Room
Not Inspected
Not Inspected
Morton Room
Double
En-suite shower
Keats Room
Double
En-suite shower
Morland Room
Twin
En-suite shower
Williams Room
Twin
Ensuite Bath
OWNERS ACCOMMODATION
Located on the first floor, and comprising a large lounge area benefiting from characteristic large windows, spacious bathroom with corner
bath and separate shower, and large double bedroom with door leading to the private rear garden.
THE BUSINESS
The current owners have been at Keats Cottage for 6.5 years and initially ran Keats as a restaurant and 4 star hotel. The restaurant was
converted around 3 years ago to a Gift Shop which they still run today. Having refurbished the rooms, the current owners have re-opened
as a Bed & Breakfast, offering accommodation to adults only, welcoming walkers, cyclists, well behaved dogs and operate all year round
including Christmas and New Year. Rooms are offered on a bed & breakfast basis at a rate of £27.50 per person per night, or bed only at
a rate of £22.50 per person per night. There is the potential to increase trade by inviting children, and transforming the Baker Room, which
is currently occupied by a family member, into a family suite. The retail unit has historially been used as a restaurant and as such would
suit this use again, subject to relevant consents.
TERMS
Offers are invited "in the region of" £325,000 for the benefit of the business premises, fixtures, fittings and goodwill of the business plus
stock at valuation on completion.
INVENTORY
A detailed inventory is available at the offices of Gully Howard Chartered Surveyors.
UNIFORM BUSINESS RATE
Rateable Value - £7,500 and Council Tax Band A
(2011/2012) 43.3p without small business relief. Small business relief may be available on the property but interested parties should
make their own enquiries of the Isle of Wight Council with regard to eligibility and rates that apply. It should also be noted that the rate
liability may be affected by the Government's transitional arrangements. Interested parties should make their own enquiries to confirm any
rate liability.
VIEWING
Strictly by appointment with sole agents Gully Howard Chartered Surveyors on 01983 822555, contact Corina Sewell or Grant Higgs.
Under no circumstances should any direct approach be made as staff will be unable to assist you.
Whilst these particulars are believed to be correct neither the agent nor the clients guarantee accuracy nor are they intended to form part of any contract.
We have not carried out any survey. All offers are subject to formal contract. Interested parties must satisfy themselves independently as to VAT in respect
of any transaction. Gully Howard Chartered Surveyors and staff are not able to give any warranty or representation in connection with this property and
have not tested any plant, purchasers must satisfy themselves as to its condition. Plans are shown not to scale and for identification only, dimensions are
approximate and location plans may not show all current occupiers.
Keats Cottage, 76 High Street, Shanklin, Isle of
Wight
Gift Shop
Commercial Kitchen
Dining Room
Gift Shop
Dining Room
Guest Lounge
Chartered Surveyors
Commercial Property Agents
Keats Cottage, 76 High Street, Shanklin, Isle of
Wight
Keats Room
Morland Room
Rear enclosed
garden
Keats Room
View from Morland Room
Rear enclosed Garden
Chartered Surveyors
Commercial Property Agents
Beaufort House Hotel, 30 Broadway, Sandown, Isle of Wight
Chartered Surveyors
Commercial Property Agents