Guest Houses for sale in Weymouth

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Much Improved Esplanade Guest House

Weymouth, Dorset, England

  • Leasehold Price: £249,950
Seller Reference: H295
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: H295
Request Details
Business Description
£10,000's has been invested in this superb bijou Georgian guest house in the past two years which has 6 bedrooms with 4 en suite and a double and twin on the top floor share a bathroom ( ideal for families, contractors etc.) The property is about 100 metres from the beach with some distant sea views. The property has undergone extensive re modelling with a newly created and very modern kitchen and owners accommodation on the ground floor; new central heating boiler and a wireless fire detection system. In addition another undeveloped lower floor with street access is available for modernisation. Enclosed courtyard.
The business has been in the present hands since December 2018 and has not had the opportunity to realise its full potential due to firstly, the building works in 2019 and secondly, the Covid restrictions in 2020 but the agents are informed that in both years the guest house took approaching £40,000 p.a. from summer trading. From extensive experience in the sale of Weymouth guest houses the agents conservatively project a turnover of £60,000 p.a. in a normal year. The guest house is run by a couple with one of them predominantly carrying out the heavier duties due to the mobility problems of the other partner which has reluctantly forced the sale of the business.
An easily managed business ideal for a couple or single person with limited staff requirement. The business has a new website and is prominently located on the end of the terrace with on street parking alongside or nearby using the Dorset Council parking permit scheme for guests. Booking.com rating - Very Good.

The premises are held under the terms of a full repairing and insuring 60 Year Lease which commenced in December 2018 at a current rent of £11,000 p.a. the guest house is currently exempt from paying business rates.

Only £249,950. EPC: Exempt - Grade 2 Listed.
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
1
Location Details:
Esplanade Position
Is this business home based:
Yes
Listed by:
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