Property description
PDF Details can be found by following this link: http://www.hose-rhodes-dickson.co.uk/pdfreplace/9696-hrdpdf10.pdf
SUMMARY
The Isle of Wight Sports Club in Seaview is a unique club in the heart of a unique village.
For the first time in many years a new owner is being sought for IWSC, offering the opportunity to acquire this historic local club, on a large site historic local club, on a large site in the heart of Seaview village.
HISTORY
The doors to IWSC were first opened in the Whitsun of 1936, providing Tennis, Badminton and Squash courts - believed at the time to be among the finest in the country - and a lounge. Seaview in the 1930s was considered an alternative to Le Touquet and the club was very fashionable, as well as being at the cutting edge of the new sport of squash, hosting the first Isle of Wight and Southern England Squash Racquets Championships.
In September 1998 Anne and Alan Blackburn became aware of this hidden gem, which had lost much of its original sparkle. They bought the club and set about a two year programme of refurbishment and improvement, reopening to new and existing members in August 2000. Anne and Alan are now seeking to retire, almost 15 years later.
CLUB LOCATION
Seaview is an affluent seaside resort on the north-east of the Island, popular with locals, second home owners and tourists. The villages of Nettlestone, St Helens & Bembridge are a short drive away and many of the clubs members hail from this wider area.
The IWSC occupies an elevated position off Ryde Road, providing far reaching sea views to the Solent and beyond. Neighbouring properties
are mostly residential with, just a short walk away, the local post office, grocers, pharmacist, delicatessen, restaurant and the equally unique
Seaview Hotel.
PROPERTY DESCRIPTION
The IWSC occupies three purpose-built linked buildings comprising total floorspace of c.7,950sq ft GIA (734 sq m), on a plot of c.26,000 sq ft
(c.2,430sqm).
The clubs wide range of top quality facilities includes, internally:
HEATED INDOOR POOL 16m x 8m x 1.3m continuous depth, with state of the art plant room (automatic dosing)
STEAM ROOM poolside.
GYMNASIUM fully air conditioned with Powersport and Concept II equipment
BADMINTON HALL maple sprung floor, 10m high, good natural lighting
SQUASH COURT heated
STUDIO heated, part glazed and air conditioned
TENNIS COURT outdoor, with all weather Olympus flooring, and
floodlighting
MALE CHANGING ROOM AND SAUNA
FEMALE CHANGING ROOM AND SAUNA
DISABLEDWC
LAUNDRY ROOM with commercial washer and dryers
CLUB ROOM (licensed) the heart of the club, providing fresh food and drinks, Lloyd Loom furniture, wine and bottle coolers, commercial food
preparation units, Zumitto juicer, TV + sound system
KITCHEN with professional ovens and commercial fittings
PRIVATE OFFICE
STAFF ROOM
The property is warmed by central heating throughout
Enclosed gardens adjoin the outdoor tennis court, providing private outside space and a water fountain. Adjacent to the pool house is a discreet drying and storage area with two large wooden sheds.
THE BUSINESS
The health and fitness sector has been remarkably resilient in recent years and the IWSC offers the opportunity to buy into a business with high member retention and growth potential. The membership is a unique mix of affluent local families with children, and second home owners, giving the club a successful demographic and market niche.
The IWSC offers a range of high quality facilities and equipment, and a wide range of water and floor based classes. The club is to be sold fully functioning with all equipment, plus any stock at valuation. A full inventory will be made available to interested parties.
The club is owner managed and employs five contracted members of staff. Accounts will be made available to bona fide applicants once a
viewing has been undertaken.
IWSC is a qualifying investment for the purposes of the Governments Enterprise Investment Scheme.
A purchase via the EIS would attract 30% tax relief on the initial cost. CGT reliefs could reduce this by a further 28%. Further details available.
TENURE
Virtual freehold: IWSC is being sold with the benefit of a 999 year lease
from 06/01/1896 at a ground rent of £10 per annum (not collected).
PLANNING POTENTIAL
The previous owners occupied three bedroom residential accommodation within the property, which has since been incorporated as sports areas. There were further residential areas including a
dormitory with associated bathroom, shower and WC. Also a large garden, now the indoor pool area.
The clubs elevated site within this sought after village offers clear scope for other uses subject to obtaining the necessary consents. Any planning enquiries should be directed to IWC Planning Department (01983 823552)
RATING
We understand the rating position to be £9,300 From April 2012, provisionally, rates payable £4185.00
COSTS
Each party will be responsible for its own legal costs incurred in any transaction.
Property Features :
- Sports Club For Sale
- Popular Location
- Qualifying Investment for EIS
Property Info: