Description
Gloucester House, The Esplanade, Weymouth, Dorset
14 en suite Bedrooms – 6 with Sea Views
Sea View Guest Lounge;
3 Bedroom ‘House’ with Large Private Lounge for Owner/Manager
Secure Private Courtyard with Seating Area and Car Park
Management Accounts for the year to 31st March 2025 show a turnover of £308, 606 Ex Vat with Profits of £123,953
AA 5 Stars, AA Breakfast Award.
TripAdvisor ‘Best of the Best’ Award – No. 8 Worldwide; No. 3 UK
A Turnkey Business
HIGHLY MORTGAGEABLE
A striking Georgian Grade II Listed property in a strategically good position, within walking distance of the Town Centre, Railway and ‘bus Stations and Harbour. The owners have carried out a comprehensive programme of refurbishment to fully re-position and transform the property in terms of status, quality, luxury fixtures and fittings and infrastructure. There has been a TOTAL refurbishment of the Whole Building with a complete re-wire and installation of three phase electricity in 2022, replumbing with three new boilers and high pressure system assuring powerful supplies to the upper bedrooms; refitted the kitchen, preparation, laundry and freezer rooms; installation of new en suites, re carpeting, re furnishing etc. a new fire alarm system & emergency lights, wired wifi throughout and CCTV,
The owner/manager’s 3 bedroom accommodation is a self contained ‘house’ adjoining the rear of the guest house with an entrance from the rear, secure car park and private seating area.
There are rare ground floor letting bedrooms and 12 of 14 bedrooms have super king or king size beds.
The guest house has consistently been awarded AA 5 Star and AA Breakfast Awards for many years and has been No1 out of all the Weymouth B&Bs (167) for several years on Tripadvisor achieving the accolade of No.3 Best B&B in the UK and No.8 in the World 2024 also being named as Best “Boutique B&B” in Weymouth by the Times/Sunday Times 2023.
Tenure: The property is virtually Freehold being held on a lease for 125 years from 1973 at a peppercorn fixed rent of £5 per annum fixed.
The Business: A superbly positioned bed and breakfast guest house which is highly acclaimed and has achieved a Five Star rating with the AA, also their Breakfast Award and ranked as No. 3 in the UK and No. 8 in the world by TripAdvisor in their ‘Best of the Best’ category. The guest house has been in the present hands since 2018 having purchased through Lawrence Wright and is now available due to health reasons. The business is run by a husband and wife team and casual staff and closes for holidays each year.
The Agents have inspected management accounts for the year ended 31st March 2025 and a turnover of £308,606 ex vat was achieved with net profits of approximately £123,953. The business is run comfortably for the owners with loyal staff and there is a level of staff that gives proprietors a “lifestyle” and trading is actually only from mid February to mid November. The laundry is carried out by contractors off site. The owners will provide a full hand over to buyers upon exchange of contracts.
To see more photographs, the business has a website: www.gloucesterhouseweymouth.co.uk
Price: £995,000
EPC: C (64)
Finance: Lawrence Wright is an Introducer Appointed Representative to a Financial Conduct Authority authorised firm of commercial finance brokers. There are both banks and building societies who would consider a loan to purchase The Gloucester House.
