Description
Lawrence Wright. Specialist Hotel Agent.01747 228941
UNDER OFFER
Much Improved Sea Front Guest House
The Edenhurst
122 The Esplanade
Weymouth
Dorset
DT4 7ER
This Property had seen Considerable Investment in the present owners hands
11 Letting Bedrooms (all with own facilities);
Self Contained 3 Bedroom Owners Accommodation;
Owners Car Parking
Since 2007 – New Boiler; Rewired; Furniture Renewed; All Bedroom Carpets Renewed; Kitchen Remodelled; Re Plumbed from 2nd floor to Basement;
AA 3 Stars
A Nice Life Style Business
Steady Turnover kept below vat threshold
Situation and Description: The property is a classic Grade II Listed Georgian former gentleman’s summer residence built when George 111 had made Weymouth his summer home and the court moved to Weymouth for the period. The property has gas fired central heating from a renewed boiler and renewed megaflow tank for hot water
Lawrence Wright had the honour to offer the business for sale in 2007 with the benefit of a new 60 year lease and the property was in need of some updating – our clients have indeed invested heavily and new owners will enjoy a property where repair and renewal costs will be lower than average.
The property is ideally located opposite the beach within walking distance of the railway station, the town centre and harbour.
Rare 3 Bedroom Owners Accommodation (could be 4 bedroom: Room 12 is rarely used for letting) and adjoins the living accommodation)) laid out as a ‘house’ on two floors at the rear with separate, private entrance. Owners Enclosed Car Parking.
Weymouth was established by George III as a fashionable resort and since the 18th Century the area has been renowned as a holiday centre. Weymouth provides the more classic seaside leisure and tourist related facilities, whilst visitors can visit nearby Portland for informal, specialist diving and sailing pursuits – the new seven million pound National Sailing Academy is going strong and was the venue for the sailing Olympics in 2012 – this exposure will bring visitors for years to come. Major International Sailing Events now include Sail for Gold and the new European Sailing Cup. Inland, the attractions of Dorset including ‘ Hardy Country ‘ bring people back to this region year after year. Weymouth attracts in excess of 2.5 million tourists each year and recently the area has experienced an injection of hundreds of millions of pounds on various projects including a new 600 berth marina; a new road linking the A35 to Weymouth; Osprey Quay at Portland: the conversion of the navy quarters to private housing (500 plus units) and commercial development. The Weymouth and Portland Council promote many festivals throughout the year including the International Kite Festival, The International Military and Veterans Festival and dozens of other events centred around the Harbour, Beach and Pavilion.
Accommodation
Ground Floor
Entrance Vestibule
Entrance Hall
Dining Room – Magnificent room with outstanding sea views and seating for 30. The present owners have renewed the ceiling. Sliding doors to:
Guest Lounge – with original fireplace and wooden surround. New ceiling.
Breakfast Kitchen – refitted by the present owners with work surfaces, wall cupboards, inset sink, bain marie, hot cupboard, griddle, toaster, personal wash basin, refrigerator, water boiler, microwave oven etc.
Lower Ground Floor – The Living Accommodation ( Room 12, a large family room is situate on this floor and currently this is used by guests occasionally)
Inner Hall with outside door to below pavement storage in three areas with external electrical sockets fitted. CCTV monitor, Door Intercom.
Main Kitchen with five ring gas cooker, base units with work surfaces, double bowl stainless steel sink, commercial dishwasher, 2 store cupboards etc.
Laundry with washing machine and dryer.
Door to enclosed yard and parking area for 2 cars.
Room 12 Family Room for 5 with en suite shower, wash basin and w.c.
Bathroom with bath and shower over,
Lower Ground Floor ( continued)
Living Room with glazed door to outside.
Office/Bedroom 1
Staircase within the living accommodation to ground floor bedrooms:
Bedroom 2 – A large single sized room.
Bedroom 3 – Double sized room with fitted wardrobes and drawers.
Letting Bedrooms:
Mezzanine Floor – between the ground floor and first floor:
Bedroom 1 Twin with en suite shower room.
Bedroom 2 Single with en suite shower room.
Separate w.c. and wash basin
Linen Cupboard
First Floor
Bedroom 3 Family (3) with en suite shower room
Bedroom 4 Double with balcony and sea views. Built in wardrobe. En suite shower room.
Bedroom 5 Double – the best room in the house! Balcony, Sea Views. En suite shower room.
Second Floor
Bedroom 6 Family (4) – Double and Bunk Beds. Storage Cupboard. Folding Bed. En suite shower room.
Bedroom 7 Double with sea view. Built in wardrobe. En suite shower room.
Bedroom 8 Family – Double and Bunk Beds. Sea view. En suite shower room.
Third Floor
Boiler room and linen store.
Bedroom 9 Double. Built in wardrobe. En suite shower room
Bedroom 10 Twin. Sea view. En suite shower room.
Bedroom 11 Single. Sea view. En suite w.c and wash basin. Designated shower room for Room 11 off the landing.
Outside
Rear enclosed courtyard with storage facilities and space for two vehicles behind renewed bifold high wooden doors.
The Business: A well located bed and breakfast guest house within walking distance of all amenities including the ‘bus station, railway station, town centre and harbour which trades easily to provide an envious lifestyle. Run by a husband and wife team with staff as required in the high season the business has been in the present hands for many years having been introduced to the business by Lawrence Wright. It is now for sale due to retirement.
The agents are informed that the business trades just below the vat threshold which is currently £85,000.
Note: From April 2017 all small businesses which have a rateable value of less than £12,000 are exempt from Business Rates and this business now pays no business rates. If the owner of The Edenhurst Guest House has no other businesses in the UK then this will significantly increase the profit of the business.
Tenure: The premises are held under the terms of a full repairing and insuring lease for a term of 60 years which commenced in 2007 at a current rent of £26,400 p.a. with a rent review in 2017.
Price: £360,000
Fixtures, Fittings, Furniture and Trade Equipment: An inventory of trade contents is included in the sale price. A detailed inventory will be prepared at a later stage.
Viewing: Strictly by appointment with the agents.
The accuracy of these particulars is not guaranteed by the agents nor do they form part of any contract. Applicants should verify details by personal examination and enquiry. Items of furniture, fixtures, fittings and equipment are mentioned for illustrative purposes only and do not necessarily form part of the Trade Inventory referred to above, neither has the agent tested any equipment, fixtures, fittings or services and so cannot verify that they are in working order or fit for the purpose. References to the Tenure of the Property are based on information supplied by the Vendor. The agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor.
You are advised to check the availability of the property before travelling a long distance to view.
