B & B Operation For Sale

Price:

Leasehold - £349,500

Seller Ref:

H4375

Location:

Dorset, Weymouth

Business Type:

Hotels

See Other:

Bed & breakfasts for sale in Dorset
Hotels and motels for sale in Dorset
Hotels for sale in Dorset

Description:

THE BUSINESS:

LOCATION
Sandy bathing beach just 10 yards. Weymouth Clock Tower approx. 500 yards. Mainline Railway Station approx. 600 yards. Sealife Centre approx. 900 yards. Pavilion Theatre and Ferry Terminal approx. ¾ mile. National Sailing Academy (2012 Olympic Games sailing venue) within 6 miles.

FEATURES
Unobstructed views of Weymouth Bay. Double fronted property. Ongoing improvement programme in present ownership. Valuable on site car parking. Gas fired central heating throughout with thermostatic values. CCTV system. Tea making facilities, flat panel colour televisions and some floor standing fans to letting bedrooms. Potential trade patio. Water softener. Upgraded water tanks. Blinds and curtains to sea facing rooms. Guest use Wi-Fi.

SUMMARY OF ACCOMMODATION
12 Letting Bedrooms (10 en-suite). Residents Lounge. Dining Room. Owners Suite.

TRADING & BUSINESS
Trading as a B & B operation, to the year ended March 2011 a turnover of £89,927 exclusive of VAT was recorded essentially letting 11 rooms only.

Location Details:

Sandy bathing beach just 10 yards. Weymouth Clock Tower approx. 500 yards. Mainline Railway Station approx. 600 yards. Sealife Centre approx. 900 yards. Pavilion Theatre and Ferry Terminal approx. ¾ mile. National Sailing Academy (2012 Olympic Games sailing venue) within 6 miles.

Lease Terms:

LOCAL AUTHORITY LEASEHOLD. The property is held on a 25 year F.R.I. lease from 24th April 2005 at a current rent of £23,100 per annum, subject to 5 yearly reviews. A new 60 year lease is available from the Local Authority subject to negotiation.

Accommodation:

12 Letting Bedrooms (10 en-suite). Residents Lounge. Dining Room. Owners Suite.