Summary - 16, ESPLANADE PO33 2ED
1 bed 1 bath Hotel
Turnover-driven coastal business ready for new owners opposite the Hoverport.
Grade II listed seafront property with striking Victorian façade
An imposing Grade II listed seafront property, The Royal Esplanade offers a turn-key coastal hotel business with strong trading history. The 70-room hotel, brasserie and cellar bar benefit from a recent programme of refurbishment and an outdoor al‑fresco deck, creating a ready-made offer for both leisure and group trade. Net turnover for year to December 2023 was £1.3m, showing clear seasonal uplift and scope to grow food and accommodation yield further.
Located directly opposite the Ryde Hoverport and two minutes from the beach, the site captures visitor footfall to the town, ferry and local events. The Coach House function room has a civil ceremony licence and the main restaurant and bar provide flexible public and private dining spaces. The sale includes all fixtures and fittings and the freehold interest, with two long leases of over 800 years being consolidated into the freehold purchase.
Buyers should factor in the constraints of Grade II listing: alterations will be controlled and may limit some redevelopment options. The hotel sits within an area with very high recorded crime and significant local deprivation, which may affect staffing, local spend patterns and insurance/policy costs. There is no on‑site owner’s apartment, so owners must plan for managed occupation or off‑site living arrangements.
This is a clear investment and operator opportunity for purchasers targeting coastal resort income, events and group bookings. With established trading, recent refurbishments and strong summer demand, a new operator can focus on revenue management, marketing and maximising off‑peak yield to unlock further value.
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