Guest Houses for sale in Weymouth

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Georgian Classic Near The Harbour

Weymouth, Dorset, England

  • Freehold Price: £500,000  Price Reduced arrow_drop_down
Seller Reference: H233
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Business Description
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Seller Reference: H233
Request Details
Business Description
9 en suite letting bedrooms; Spacious Private First Floor Lounge; 2 bedroom owners accommodation with Second Lounge; Large walled garden.

Located a few metres from Weymouth harbour and close to the town centre. The Beach and Esplanade just to the rear of the property. The property dates back to the Georgian period, is Grade II Listed and has the benefit of gas fired central heating and partial double glazing. Since 2012 the property has undergone considerable improvement with many of the showers replaced, carpets renewed and the decoration moved to an annual rolling scheme of maintenance. The kitchen is conveniently located between the Dining Room and the Owners Accommodation.

A very well established bed and breakfast guest house which has been in the present hands since 2012 having purchased through Lawrence Wright and is now available due to retirement. The business is run by a couple with staff as required. The business is currently rated 3 stars by the AA and 94% of Tripadvisor Reviews rated Very Good or Excellent. The business caters mostly for older guests and business people and in the summer are able to restrict bookings to a minimum of three night stays. Currently trade is also restricted to adults and children of 14 or over.
The business opens in the summer months and is closed for long periods in the winter. Bedroom 1 is kept available for visiting family all year. The top floor is closed all winter and when the business is open at this time only 5 bedrooms are used and room only tariffs are offered.
The agents have inspected accounts for the year ended 5th April 2020 and a turnover of £83,107 was achieved from 8 letting bedrooms. New owners may wish to increase turnover further by opening Bedroom 1 for letting and converting the upper lounge to an en suite letting bedroom ( subject to p.p.). VAT could be paid at the ‘flat rate’ of only 10.5%.
EPC: Not Applicable ( Listed Building)

Price: Offers over £500,000 Freehold

Contact: Lawrence Wright, Specialist Hotel Agent on 01747 228941 - Finance? Call Lawrence - a FCA Approved Introducer for Commercial Mortgages
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