Lawrence Wright. Specialist Hotel Agent. 01747 228941
Classic Georgian Guest House
Close to Town Centre and Harbour
The Wadham Guest House
22 East Street
9 en suite letting bedrooms; Spacious Private First Floor Lounge; 2 bedroom owners accommodation with Second Lounge; Large walled garden
Situation and Description: Located a few metres from Weymouth harbour and close to the town centre. The Beach and Esplanade just to the rear of the property. The property dates back to the Georgian period, is Grade II Listed and has the benefit of gas fired central heating and partial double glazing. Since 2012 the property has undergone considerable improvement with many of the showers replaced, carpets renewed and the decoration moved to an annual rolling scheme of maintenance. The kitchen is conveniently located between the Dining Room and the Owners Accommodation
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 2012 Sailing Olympics. 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 Weymouth and Portland Council promote many festivals throughout the year including the Seafood Festival, The International Military and Veterans Festival, Ironman and dozens of other events centred around the Harbour, Beach and Pavilion.
Awning to Entrance Vestibule
Entrance Hall. Stairs to first floor.
Dining Room with covers for 16. Bow window to front. Two storage cupboards:
All Letting Bedrooms have en suite shower rooms with wash basin and w.c.; Flat Screen T.V.’s and Hospitality Trays
Bedroom 1 Twin – this room has had a new en suite shower room fitted. It has not been used for letting ( kept vacant for private use)for two years but has been in high demand – ground floor letting rooms are scarce.
w.c. and wash basin
A Letting Bedroom
Bedroom 2 Double with new window.
Bedroom 3 Single with renewed en suite facilities.
Private ‘Day’ Lounge approx. 18′ 12′ with classic bow window and harbour glimpse. A Large Room with Stone fireplace with gas coal effect fire.
Bedroom 4 Double with new interior sash window
Bedroom 5 Double with bow window with harbour glimpses!
Bedroom 6 Single with new interior sash window and new en suite.
Bedroom 7 Double and Single Beds – used as Twin or Double only ( trade restricted to over 14’s only)
Bedroom 8 Single
Bedroom 9 Large Single/Small Double
Domestic Offices and Living Accommodation:
Mezzanine Floor between Ground and Lower Ground Floor
Lower Ground Floor
Kitchen with 5 Ring Gas Cooker, fridge/freezer, a lot of worksurfaces, wall cupboards, washing machine, dryer, dishwasher. Door to Rear Garden.
Living Room with tiled fireplace and coal effect gas fire.
Double sized Bedroom 1 with en suite bathroom – bath with shower over, wash basin and w.c.
Bedroom 2 – single size
Rear Garden – enclosed and paved area with garden shed with power connected. Workshop/Store. Decked Seating Area; Flower Beds; Ornamental Tree – a quiet spot.
N.B. Next door to this property is a former warehouse which was a childrens activity space. This is now closed and my clients inform me that Planning Permission has been granted to convert to luxury flats and a restaurant at the far end by the harbour.
A very well established bed and breakfast guest house which has been in the present hands since 2012 having purchased through Lawrence Wright and is now available due to retirement. The business is run by a couple with staff as required. The business is currently rated 3 stars by the AA and 94% of Tripadvisor Reviews rated Very Good or Excellent. The business caters mostly for older guests and business people and in the summer are able to restrict bookings to a minimum of three night stays. Currently trade is also restricted to adults and children of 14 or over.
The business opens in the summer months and is closed for long periods in the winter.
Bedroom 1 is kept available for visiting family all year. The top floor is closed all winter and when the business is open at this time only 5 bedrooms are used and room only tariffs are offered.
The agents have inspected accounts for the year ended 5th April 2020 and a turnover of £83,107 was achieved from 8 letting bedrooms. New owners may wish to increase turnover further by opening Bedroom 1 for letting and converting the upper lounge to an en suite letting bedroom ( subject to p.p.). This would entail paying some vat but this could be paid at at the ‘flat rate’ of only 10.5%.
Price: £525,000 Freehold
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.
Finance: We can assist in this respect. Please note that some help is available through Government Loan Guarantees (subject to status) – further details: speak to Lawrence Wright.