A substantial building offering Bar, Restaurant and extensive terraces to the front, with panoramic views of the beaches and way across towards Whitecliff Bay. The top terrace can be enclosed and heated to facilitate all year round use and together with a Bar and Dining Room they provide 190 covers in total. In addition to this there are 8 guest rooms, 3 of which have sea views and all of which have en-suite facilities and flat screen TVs. There is also owners accommodation comprising one bedroom (en-suite), plus sitting room, office and conservatory and to the rear of the property are staff facilities, storage and utility areas, and access to the beer cellar. There is also a parking area for 5 cars. See photo gallery by clicking HERE. Situated on Shanklins award winning seafront with spectacular sea views is this well-kept bar, restaurant and hotel. Shanklin is located to the East of the island. The town boasts one of the busiest esplanades on the island supported by many restaurants, bars and leisure facilities. The main town of Shanklin itself offers great retail shopping, pharmacies, cafes, churches and is on a main bus route with easy links to other island hotspots such as Ryde, Newport, Sandown and Ventnor. Shanklin is a seaside resort town on the Isle of Wight, located on Sandown Bay. Shanklin is the southernmost of three settlements which occupy the bay, and is close to Lake and Sandown. The sandy beach, its Old Village and a wooded ravine, Shanklin Chine, are its main attractions. The esplanade along the beach is occupied by hotels and restaurants for the most part, and is one of the most tourist-oriented parts of the town. The property is located on Shanklin Esplanade overlooking the expansive sandy beaches which wrap around Shanklin Bay. There It also has a railway station which goes through to Lake, Sandown, Brading and Ryde Pier Head to link up with Wightlinks fast passenger ferries to Portsmouth Harbour and trains onwards to London Waterloo and Gatwick. A Fully Repairing and Insuring lease on a 15 year term from 1st February 2018. The current passing rent is £82,250 per annum. The current owners are holding a 6 month rent deposit along with two separate rent guarantors that will be passed on to the purchaser. The tenant is trading as The Waterfront - https://waterfront-inn.co.uk Isle Of Wight Council (01983 823552) www.iow.gov.uk Freehold VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT.