Description
5 Letting Bedrooms all with own facilities;
2 Bedroom Owners Accommodation;
Sea Views; Pretty, Enclosed Garden.
Turnover approx. £66,000 p.a.
The guest house is situated at the quieter end of the sea front about 15 minutes stroll to the town centre, harbour, ‘bus and train stations. There are beautiful sea views from the front windows
The property forms part of a terrace of similar Georgian houses built in the latter part of King George III’s reign due to the king’s love for Weymouth which for many years became his summer home together with the king’s court. It is Grade 2 Listed. There is gas fired central heating from a boiler installed by the present owners. The business was introduced to the proprietors by Lawrence Wright in 2017 and needed updating having been in the previous hands for 23 years. Lawrence was consulted by the current owners and the updating has been completed including moving the kitchen to the mezzanine floor closer to the dining room and creating the possibility of a second bedroom (there are currently two private lounges, one on the ground floor and one on the lower ground floor). The letting rooms all have refrigerators.
Tenure: The premises are held under the terms of a full repairing and insuring lease for 60 years which commenced in 2007 at a current rent of £10,400 p.a. with 5 year rent reviews.
The Business – A well run bed and breakfast guest house which is highly regarded:
The business was taken over by the current husband and wife team in early 2017 and needed a complete restoration and the business has not been able to trade to its full potential with all five bedrooms available due to the refurbishment programme in the early period, then came the lockdowns and covid and later commitments to provide accommodation for a family member – thus, until 2024 only 4 rooms were offered but now, with all five rooms used, the turnover for the most recent year was an informed £66,000 and it is projected that over £70,000 turnover should be achieved.
Price: 295,000
EPC: Exempt
