• 0Shopping Cart
Lawrence Wright - Specialist Business Agent
  • Home
  • For Sale
  • News
  • Testimonials
  • Your Enquiries
  • Search
  • Menu Menu
H212 Frontage
H212 Dining RoomH212 Another roomH212 RoomH212 Sent by vendor roomH212 yet another room

A Stone’s Throw From The Beach Weymouth H212 SOLD

£290,000.00

Superb Georgian Guest House close to the beach in a quiet location
Enquire About Property
This property is already in your enquiry list
View my property enquiry list
Please Call 01747 228941
Category: Guest House
  • Description

Description

5/6 letting bedrooms – all with own facilities; 2/3 bedroom owners accommodation.
Rare and Advantageous 60 year INTERNAL ONLY REPAIRING LEASE with the council responsible for:
All structural repairs and All exterior decoration;
The property enjoys wonderful sea views from many rooms and is located in a quiet location with no passing traffic as Brunswick Terrace is a cul de sac- this fact is very popular with guests who tend to return to this location because of its excellent position. The guest house is within easy walking distance of the Town Centre, Harbour etc. The property is Grade II Listed and benefits from gas fired central heating ( except for room 6 on the top floor)
The present owners run the business from 5 bedrooms using two bedrooms which are separated from the letting bedrooms.

The guest house has been redecorated inside and out by the present owners who have replaced the boiler and renewed some showers and kitchen equipment in the past three years. Family care responsibilities forces a sale after three seasons only.
The agents have seen accounts which show a turnover of £60,000 for the year ended April 2020 with takings of approx. £38,000 from a short trading period due to Covid in the summer of 2020. From 17th May in the current year (no Easter) approx. £43,500 has been taken or booked with a considerable period of the year to 5th April 2022 to go.
HOPE VALUE: Dorset Council, the landlord, have inherited this lease from the previous council when the Unitary Authority was formed in 2019 and they are obliged to carry out all structural repairs and all exterior decoration. Whilst the council states that they have no policy at this time regarding the sea front estate of 65 hotels, there is a strong possibility that they may be persuaded, in time, to sell a long (100 years +) leasehold with a nominal rent ( a virtual freehold) thus providing themselves with a useful capital sum and divesting themselves of the repair responsibilities for this property – previous sales of long leaseholds under Weymouth and Portland Council have seen tenants enjoy an exciting ‘paper’ capital gain! – these types of long lease can be financed by a wide range of banks and building societies.

Price: £290,000 for the valuable lease, goodwill and all furniture, fittings and equipment to continue the business.

Related products

  • H314 Front 3

    SOLD LOCATION,LOCATION,LOCATION! Weymouth Harbour Guest House H314

    £440,000.00
    Show Details
  • H302 Reduced

    Guest House For Sale Freehold in Weymouth SOLD

    £425,000.00
    Show Details
  • H315 Front 2

    Sea View Traditional Hotel For Sale Weymouth

    £425,000.00
    Show Details
  • Guest House For Sale Weymouth 01 H189

    Guest House For Sale Weymouth H189 UNDER OFFER

    £360,000.00
    Show Details

Contact

  • Office

    01747 228941

  • Mobile

    07906 217955

  • Email

    lw@lawrence-wright.co.uk

  • Address

    1 Glyn Place, East Melbury, Dorset.
    SP7 0DP

  • Legal

    Privacy Policy

Area Covered

© Copyright - Lawrence Wright - Web Design by Rob Frost at Orion I.T. Ltd - Log in
  • Home
  • For Sale
  • News
  • Testimonials
  • Your Enquiries
  • Privacy Policy
Superb, Freehold Highly Rated Sea View Guest House Weymouth H313 H313 Front H205 Front showing terrace UNDER OFFER Outstanding Guest House – Sea and Harbour Views to all rooms...
Scroll to top
This website uses cookies to improve your experience. You can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT