Description
6 En Suite Double, Twin and Family Rooms + 1 Single Room with Designated Shower Room
Breakfast Room; Guest Lounge; Office; Private Lounge;
Extended Property with 2 Bedroom Owners’ Accommodation;
Enclosed Courtyard Garden opening on to the Quayside with bi-fold gates and space for a private car;
Turnover Approx. £80,000 p.a. – Potential for more!
Many improvements have been carried out by our clients including upgraded electrics, new flat roof and downstairs laundry room.
Situation and description: The property is located in possibly the best position in Weymouth which offers guests a view of either the sea or harbour from each room. The guest house is convenient for the town centre, beach, Pavilion Theatre and the harbour where many of the best restaurants are located.
A Georgian Grade II Listed building is in good decorative order with gas fired central heating to all but the 2nd and 3rd floors which are served by independent electric heaters.
Tenure: The premises are held under the terms of a 60 year full repairing and insuring lease which commenced in 2007 at a current rental of 15,000 p.a.
The Business: A well established bed and breakfast guest house which has been in the present hands since 2018 and has a good reputation with a good level of repeat trade and runs well without the need to register with Booking.com, but the owners use Expedia; there are relatively low booking fees. The excellent position with all letting bedrooms enjoying a harbour or sea view allows for an easily run business to gain bookings. The guest house is run by a couple and current tariffs per room per night are: Family, £130; Double, £95; Single, £50.
The agents have inspected accounts for the business and for the 14 month period from 1st February 2023 to 31st March 2024 a turnover of £84,841 was achieved with reconstituted net profits of approximately £28,000 p.a. after taking into consideration items of a personal or tax allowable nature. No business rates are payable.
Price: £395,000
EPC: Exempt – Grade 2 Listed.
