Description
A Cosy and Traditional B&B achieving a high turnover without booking agencies
ALL ROOMS with Sea or Harbour Views!
8 Rooms (all with own facilities) + a single (used by family);
Sea or Harbour View from All Rooms; Owners 2 Bedroom Self Contained Flat
Close to the Pavilion Theatre, Harbour and Town Centre
Owner’s Parking/Garden and Garage
T/0 Approx. £83,000 p.a.
A classic mid terrace, Georgian Grade II Listed bow fronted property. The guest house benefits from gas fired central heating and is in a superb location with one of the best views of Weymouth’s fabulous beach where a host of events happen throughout the summer (see below). The property presents itself in very good decorative order.
A long established B&B in one of the best location in Weymouth which has been in the presents hands since 2011 and is available due to retirement. The guest house is run by a husband and wife team and whilst busy in the traditional summer months closes for a period in the winter.
New owners will inherit a popular business with much repeat business with exceptional bookings for 2024 and even into 2025. An added bonus is the fact that the rent has recently been agreed which is in place and fixed for the next few years.
The annual turnover is restricted to just below the current vat limit of £85,000 p.a., but with no commission to pay to booking agencies, profits are substantial, whilst much of the personal living costs are paid by the business including the rent.
Ideally suited to a cash buyer who will benefit from a purchase price of about 50% of the freehold price.
Tenure: The property is held under the terms of a full repairing and insuring lease for 25 years from 2011 at a current rent of £15,000 p.a. The lease is protected under terms of The Landlord and Tenant Act 1954.
Price: £380,000
EPC: Exempt
