Lawrence Wright. Specialist Hotel Agent. 01747 228941
Lucrative Sea View Guest House
with rare car park UNDER OFFER
120 The Esplanade
14 Letting Bedrooms (11 en suite)
Spacious 2 bed Owner’s Accommodation
Small Private Car Park + parking permits.
TripAdvisor ‘Certificate of Excellence’
Situation and description: The property is a Grade II Listed Georgian former gentleman’s residence which trades as a profitable bed and breakfast business and enjoys magnificent sea views from many of the rooms including the dining room. There is partial central heating from a new boiler and hot water tanks. New ‘eco’ electric heaters to the 2nd and 3rd floors for flexibility and economy.
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. Major Sailing Events take place here. 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. Dorset Council promote many festivals throughout the year including The Nyetimber Dorset Seafood Festival and Weymouth Ironman Triathlon and dozens of other events centred around the Harbour, Beach and Pavilion.
The accommodation is as follow:
Reception and Food Lift
Dining Room with covers for 26. Sea Views.
Breakfast Kitchen with a good range of wall and base units incorporating a sink unit. Cooker, water boiler, microwave oven, palate warmer, toasters etc.
Bedroom 2 – Double with en suite shower room
Bedroom 3 – Twin with en suite shower room
Lower Ground Floor
with an extensive range of cupboards, wall and base units, stainless steel sink unit, 6 ring gas oven, preparation table, deep fat fryer etc. dishwasher. New gas fired boiler for central heating and hot water.
Airing Cupboard with two new lagged hot water cylinders.
Laundry Area with two washing machines, dryer, glass washer, 2 refrigerators. Door to outside.
Lounge with fireplace.
with Office off.
Bedroom – Double sized large room with en suite bathroom with bath, wash basin,w.c.
Cloakroom for Second Bedroom with w.c. and wash basin
Bedroom – Double sized with shower cubicle and wash basin. Door to outside.
Bedroom 4 – Double with en suite shower room
Bedroom 5 –Family (4) with bunk beds and en suite shower room:
Separate W.C. for Room 9
Bedroom 6 – Double with en suite shower room
Bedroom 7 – Double with en suite shower room and sea views
Bedroom 8 – Single with en suite shower room and sea views
Bedroom 9 – Single with shower and wash basin. Separate w.c. (see above); sea views
Bedroom 10 – Family (5) with Double Bed, Single Bed and set of bunk beds with en suite shower room
Bedroom 11 – Family (4) with kings size bed and bunks, with en suite shower room and sea views
Bedroom 12 – Single with sea views with wash basin
Separate Shower Room with w.c
Bedroom 14 – Twin with wash basin sea views.
Bedroom 15 – Double with en suite Bathroom with bath and shower over, wash basin and w.c.
Bedroom 16 – Family (3) with en suite bathroom with bath and ‘telephone’ shower, wash basin and w.c.
Small Rear Car Park with parking for 2 cars. Area to side for bins.
Tenure: The premises are held under the terms of a full repairing and insuring 35 year lease from Dorset Council from 2015, at a current rent of £32,500 per annum incl. vat with the next rent review in 2020. We are informed that a new 60 year lease is available without further premium (legal costs of approx. £1500)
The Business A well established business which has been in the present hands since 2015 and has been run by two proprietors and part time staff. The business is that of a traditional bed and breakfast guest house and reviews by guests are well above average.
The business is well publicized and a good level of repeat trade is enjoyed.
The agents have inspected accounts for the year ended March 31st 2019 and a turnover of £108,218 ex vat, was achieved. The proprietors have endured some ill health and other family matters have shortened the trading year. The agents conservatively project that a turnover of approximately £140,000 could be taken in new hands. However, there is an outstanding opportunity to increase the turnover further through better marketing and additional investment to increase tariffs.
Price: Only 265,000 – Realistically Priced for an early sale.
Highly Recommended by The Sole Agents
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 traveling a long distance to view.