Description
5 or 6 letting bedrooms – all with own facilities; 2/3 bedroom owners accommodation.
Rare and Advantageous 60 year INTERNAL ONLY REPAIRING LEASE with the council responsible for:
All structural repairs including the roof and windows; All exterior decoration; Buildings Insurance.
Situation and Description: The property enjoys wonderful sea views from many rooms and is located in a quiet position with no passing traffic as Brunswick Terrace is a cul de sac- this fact is very popular with guests who tend to return to here because of its excellent location, so close to the beach yet away from the busy main Esplanade. The guest house is within easy walking distance of the Town Centre, Harbour etc. The property is Grade II Listed and benefits from gas fired central heating (except for room 6 on the top floor)
The present owner runs the business from 5 bedrooms, letting rooms
1-5 with a family member using the top floor room 6.
Room 1 is a separate double en suite room on a mezzanine floor between the ground and first floor and whilst it is currently used as a letting bedroom has been used as the main private bedroom in the past leaving the ground floor rooms spare for occasional private guests or office use.
The gas boiler was renewed by the previous owners around five years ago.
The beach was voted No1 in The Times and Sunday Times best UK beaches in 2023 and best UK beach in the TripAdvisor travellers choice awards 2024.
Tenure: The premises are held under the terms of a very advantageous lease from Dorset Council for a 60 year term from 2003 on internal only repairing covenants – the council is responsible for the property including external decoration and buildings insurance. The current rent is £15,300 p.a. incl. vat. There are five year rent review.
The Business: A well established guest house in an excellent position which provides bed and breakfast and is run by a husband and wife team. The business has been in the present hands since January 2022 and is now available as my clients have to return to their home in The Midlands.
The business is open from March to October and in the shoulder months is run by one proprietor, perhaps restricted to 3 letting rooms and in the high season both proprietors are employed letting 5 bedrooms. The accounts for the year ended April 2024 show a turnover of approximately £57,000 achieving net profits of approximately £20,000 with most living costs paid by the business. New owners may wish to trade with all 6 bedrooms for the opening period and a projected turnover figure of £75,000 may be achievable
Price: £320,000
EPC: Exempt
