Summary - GRANGE BANK HOUSE, GRANGE ROAD PO37 6NN
1 bed 1 bath Guest House
Turnkey seaside business with strong summer demand and ample on-site parking.
- Nine ensuite letting rooms with mixed double, twin and single layout
- Separate three-bedroom owners’ accommodation included
- 20-cover dining room and commercial kitchen in place
- Parking for approximately nine cars and large private garden
- Large garage partitioned as utility/plant room with commercial dryer
- Reported gross profit margin circa 60%; scope to grow turnover
- Area classified as deprived; recorded crime above average
- Seasonal trading peak in summer; accounts available after viewing
Grange Bank House is a substantial Victorian guest house in Shanklin Old Village, offered as a freehold going concern. The property provides nine ensuite letting rooms, a well-equipped commercial kitchen, and a 20-cover dining room, together with separate owners’ accommodation. It sits on a mid/large plot with a private garden, large garage (partitioned to form a utility/plant room) and parking for around nine cars.
The business is presented as profitable, with the current owners reporting a circa 60% gross profit margin and deliberately trading close to the VAT threshold — giving scope to increase turnover under new management. The building appears well maintained with modernised bathrooms and functional communal spaces suitable for continued guest-house operation or potential residential conversion subject to planning.
Buyers should note material local factors: the area is classified as deprived with above-average recorded crime, and trading will be seasonal due to strong summer tourism. Prospective purchasers wanting financial detail can obtain accounts after viewing and verification. Offers are invited for the freehold together with business, goodwill, fixtures and fittings.
This property will suit an operator seeking a lifestyle business in a high-footfall tourist location, or an investor/developer able to capitalise on established trading income or pursue alternative uses subject to consents.
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