Description
Nine En Suite Bedrooms which include a ground floor suite with luxury bathroom. Five guest rooms overlook Weymouth Bay. Spacious guest lounge/dining room overlooking The Bay. Owners accommodation includes a large lounge, large fully equipped kitchen with brand new high quality appliances, separate pantry housing two further large freezers and a fridge, double bedroom and dressing room (or second bedroom) and an ensuite bathroom. There is planning permission to build another owner’s bedroom in the courtyard and to build a one bedroom flat or two/three further en suites on the mezzanine level of the large coach house/garage at the back of the property. The spacious coach house not only provides owners parking but huge potential to enlarge this business and further increase turnover.
The property is located in a central location opposite The Jubilee Clock Tower, a three minute walk from the train station – minutes away from the town centre – in probably one of the best positions on the seafront. The property is a Grade II listed Georgian property with a sophisticated gas fired central heating system. In recent years the property has undergone extensive renovations, including the creation of the ground floor suite, new carpets in some guest rooms, all new Smeg appliances in the kitchen, two new fridge freezers, new tiled floors in several en suites, new beds and mattresses in six bedrooms, brand new linen throughout, upgrades to the fire alarm system including new call points and extinguisher’s, professional re-lacquered and polished wooden floor in the guest lounge; new bathroom in the owners accommodation and new super fibre wifi system for the guests. The design and attention to detail has transformed No.98 into a totally unique and sophisticated Boutique Hotel. The guest house now provides some of the best accommodation in Weymouth achieving a tariff in excess of £200 per night.
This outstanding guest house is marketed as a boutique hotel but derives the vast majority of income from providing bed and breakfast – NO EVENING MEALS provided.
A new owner will need a personal licence if they wish to offer bar facilities.
The business is available due to a new family venture.
The guest house was taken over in 2020 via Lawrence Wright. The current proprietors act as working partners with part time staff. They have lavished considerable sums on refurbishment and now the business is well established. Booking.Com rate the business as Superb and TripAdvisor have placed the business in their Travellers Choice Category – within the best 10% in The World.
The agents have inspected accounts for the year ended 31st March 2023 and a turnover of £144,788 was achieved generating generous profits sufficient for a substantial mortgage (subject to status)
There is undoubted potential for new owners to increase trade further – particularly with internet marketing of the secure parking to touring vintage car and motorcycle clubs etc. as this facility is virtually unique in Weymouth.
Tenure: No. 98 is held under the terms of a 60 year full repairing and insuring lease from 2014 at a current rent of £26,000 + vat with rent reviews each five years.
Price: £549,950 The property is Grade II Listed and is EPC exempt
