Description
7 Letting Bedrooms (5 en suite);
Newly Created Kitchen
Newly Created Ground Floor Owners Bedroom
Recently Redecorated
Unimproved Lower Ground Floor Rooms accessed internally or by a door from side road – Possible further accommodation (subject to pp)
Plans drawn for rear extension for two private bedrooms and car parking facility.
Courtyard
LONG LEASE
£10,000’s has been invested in this superb bijou Georgian guest house in the past few years which has 7 bedrooms with 5 en suite and a double and twin on the top floor share a bathroom ( ideal for families, contractors etc.) The property is about 100 metres from the beach with some distant sea views. The property has undergone extensive re modelling with a newly created and very modern kitchen and owners accommodation on the ground floor; new central heating boiler and a wireless fire detection system. In addition another undeveloped lower floor with street access is available for modernisation. Enclosed courtyard.
A profitable B&B within a short distance of the beach and a few minutes walk into the town. The business is comfortably run by a couple but the ill health of one of the partners has forced the business on to the market. The guest house was sold through Lawrence Wright in December 2018 and the re modelling of the guest house has created a neat, well run business. The reviews are good (92 of 109 TripAdvisor Reviews Excellent or Very Good)
The agents have inspected the accounts for the year ended 31st December 2024 and the turnover was £62,864; when personal or tax allowable costs are taken into account a reconstituted net profit of £23,575 was achieved, after most personal costs for the proprietors have been paid by the business.
N.B. The current owners close the business from end November to March each year.
An easily managed business ideal for a couple or single person with limited staff requirement. The business has a new website and is prominently located on the end of the terrace. Booking.com rating – Very Good.
The premises are held under the terms of a full repairing and insuring 60 Year Lease which commenced in December 2018 at a current rent of £11,000 p.a. the guest house is currently exempt from paying business rates.
Only £249,950 EPC: Exempt – Grade 2 Listed.
