Description
Closed due to ill health hence the attractive price – fully fitted
6 En Suite Letting Bedrooms;
Dining Room, Guest Lounge to Courtyard Garden
Owners Accommodation of Lounge, Bedroom and Shower Room.
GARAGE
This Grade II Listed Georgian Property is located about 10 metres from the beach on Brunswick Terrace which is a quiet cul de sac and very popular with guests who return year after year. The town centre and famous harbour is a short walk along the Esplanade.
The property is a former Gentleman’s Residence which is how it was described when the freehold was sold in 1921. The agents believe that this property has never been in the ownership of the local council like many of its neighbours. The guest house has gas fired central heating with a new boiler fitted by the previous owners in about 2017. Additionally, the property saw re modelling and the addition of en suite facilities to all rooms, re-roofing of the rear part of the building; in addition, a new window (£5,000) was made and installed in the upper private lounge and adjoining this a new walk in shower (£3,500) fitted in the shower room. £7,000 worth of Sharps Wardrobes and Drawers were fitted in Room 8 at the top of the building by the previous owners since taking over in 2016 and selling to the present owner in 2019.
The double garage is of great significance and this property is the only building in Brunswick Terrace with this valuable asset.
Outside
Immediately to the rear of the guest house is a patio seating area. A courtyard area leads to the Garage with electricity connected and a further car parking space – see photo.
To the front of the property is a small area used for seating and viewing the beach.
Tenure: The premises are held under the terms of a 20 year full repairing and insuring lease which commenced on 25 March 2016 at a current rent of £16,000 p.a. with rent reviews every 5 years. The lease is within the protection of the Landlord and Tenant Act 1954.
The Business A long established bed and breakfast guest house which the present proprietors took over in 2019, introduced by Lawrence Wright. Unfortunately, the business has been closed for over a year due to the ill health of the proprietor, but, whilst some minor work is necessary the business could be reopened rapidly and based on similar guest houses in Weymouth earnings per room should be around £14,000 per annum which from 6 letting bedrooms is £84,000 p.a. – below the vat threshold of £90,000.
Price: Offers in excess of £200,000 for the lease, goodwill, fixtures, furniture, equipment etc.
