On Air Now Non Stop Music Midnight - 6:00am Robbie Williams - Feel Schedule

Freehold Of Shanklin's Auckland House Hotel - Sold

Google Maps

Fim Quantuma has sold a number of Carlauren properties, including the Auckland House Hotel in Shanklin.

Carl Jackson of business advisory firm Quantuma LLP and Philip Duffy of Kroll Ltd, joint liquidators of companies in the former Carlauren Group, have completed the sale of the freeholds of a number of properties to Phoenix Commercial Property Development Limited (“PCPD”).

The sale, which completed on 21April 2021, includes the following properties:

  • Eton House and Coverdale Court, Yeovil
  • Hurst Manor Nursing Home, Martock
  • Rosewell Care Home, Bristol
  • The Auckland House Hotel, Shanklin
  • The Ocean Hotel & Kings Bar, Sandown
  • Clinton House/Tarrant House, St Austell
  • The Coppice Hotel, Torquay

All of the properties have been purchased with the investor leases in situ and PCPD will negotiate with those leaseholders in respect of further development and use of the properties.

Unfortunately, no jobs across the seven sites were secured as part of the sale due to the properties that were trading as hotels were shut down during the COVID-19 national lockdown and various states of disrepair across the Group.

Carl Jackson, CEO of Quantuma, said: 

“These were difficult and protracted negotiations which have turned out successful given the current circumstances and the outcome will benefit the companies and the investors. All of the companies listed in the sale were insolvent and this transaction now gives a chance for the properties to be funded in the future.”

More from Isle of Wight News