Description
12 En Suite Bedrooms; 2 Bedroom Owners Accommodation;
Rare Guest Car Park; Outstanding Sea Views from 6 Bedrooms;
Electric Car Parking Points; New Central Heating System;
Travellers’ Choice TripAdvisor Award. Informed T/O £210,000 p.a.
The Redcliff is located in an enviable position, only ten yards from the beach, but within level walking distance of the town centre, picturesque harbour and all other amenities including the Railway and ‘Bus Stations. Perhaps one of its most attractive aspects is its location in Brunswick Terrace which is a cul de sac, some distance from the traffic, and therefore is much quieter than other Weymouth sea front locations. Brunswick Terrace is predominantly made up of Hotels and Guest Houses, but the Redcliff is one of a very few hotels on the sea front to have guest parking – a major virtue in Weymouth. The property is Grade II Listed, being of Historical or Architectural Interest, dating back to the Georgian period and the front is of rendered and painted elevations under a traditional slate roof. The hotel has a newly fitted gas fired central heating system. Originally two properties, currently only one front door is used. All guest rooms are fitted with hospitality trays and refrigerators and all rooms classified as single have 4’ double beds.
A well run bed and breakfast guest house which has been in the present hands since 2014 and is now available as our clients are seeking a different style of business in the catering field as one of the proprietors is a chef. Our clients have improved the property and business during their period of ownership including improved en suite facilities, a recently improved central heating system with more and larger radiators, much refurbishment of the rooms and new floors in the public rooms, a good website www.redcliffweymouth.co.uk. The business is open all year closing in the winter period only for holidays. The business enjoys a good deal of repeat business. The accounts for the 2019 year ( pre covid lockdowns) show a turnover of £176,342 ex vat and the post covid restriction year of 2022 shows a turnover of £232,192 The owners employ a large number staff but the agents are informed that a buyer will not be responsible for staff under TUPE Regulations. ‘Hands On’ buyers with a normal amount of staff should see net profits of excess £70,000 p.a. based on the current turnover which will encourage a bank to lend a substantial mortgage, subject to status.
Tenure: The property is held under the terms of a 60 Year FRI Lease from July 1st 2021 at a current rent of £29,900 p.a. with five year rent reviews.
Price: £490,000
EPC: Exempt
