Description
Very Long Leasehold (virtual freehold)
Sea Front Guest House
A Maiden Rest
117 The Esplanade
Weymouth
Dorset
DT4 7EH
12 En Suite Letting Bedrooms;
Top Floor s/c 2 bed flat (let and producing £700 pcm)
Ground Floor Dining Room with sea views; Newly Fitted Breakfast Kitchen;
Substantial Living Accommodation incl. Lounge; 2/3 Bedrooms; Enormous Kitchen/Laundry. 2 Shower rooms.
Rear Secure Yard for M/Cycles, Cycles etc
Informed t/o Approx. £120,000 incl. vat
125 Year Lease @ £5 p.a. FIXED
all for only £595,000
Situation and Description: Located a few metres from Weymouth Beach across the road and close to the town centre. The property dates back to the Georgian period, is Grade II Listed and has the benefit of gas fired central heating. In the present ownership the property has undergone considerable improvement including a new boiler and water tanks, and the decoration moved to an annual rolling scheme of maintenance. The breakfast kitchen is conveniently located close to the dining room which is on the ground floor and has sea views. Also, a number of the letting rooms have sea views. The living accommodation is large and includes 2 shower rooms, 2/3 bedrooms and private lounge and private kitchen.
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 Iron Man Triathlon, The International Military and Veterans Festival and dozens of other events centred around the Harbour, Beach and Pavilion.
Accommodation
Ground Floor
Entrance Vestibule with cctv fitted.
Entrance Hall
Dining Room – spacious room with ample space for 23 covers. Sea view, breakfast bar servery.
Serving hatch to breakfast kitchen.
Breakfast Kitchen – fully fitted to include , 4 ring cooker, toaster, griddle, sink etc.
Letting Bedrooms – all en suite, 4 with direct sea views.
On the ground, first, second and third floors are:
5 Double Rooms
2 Twin Rooms
2 Single Rooms
3 Family Rooms
Lower Ground Floor
Very Large Kitchen and Laundry Room
Laundry Store
Private Lounge
2 Bedrooms + newly created en suite, double bedroom.
Shower Room with, shower, wash basin and w.c
Top Floor –
Self Contained Flat currently let on an assured shorthold tenancy with a current rent of £700 pcm.
Living Room
Double Room
Twin Room
Kitchen
Bathroom with bath and shower over, wash basin and w.c.
Outside
Courtyard with door to rear road. 2 Stores. The courtyard is useful to store guest’s motor cycles.
The Business
A bed and breakfast guest house which has been in the present hands for around 12 years, run by a husband and wife team and is now for sale due to a desire to have a change of business style on the continent. The business holds a certificate of excellence from Tripadvisor with 81% of reports good or excellent.
The agents are informd that the turnover is approximately £120,000 p.a. incl. Vat and accounts will be available to applicants following a viewing.
A well regarded business with further potential within easy reach of the town and held on a rare long lease @ £5 per annum fixed for approx.74 years.
Price: £595,000
EPC; Exempt
Viewing: Strictly by appointment with the sole selling agents, Lawrence Wright 01747 228941
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.
