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12 Bedrooms 3 Bed Owners Accommodation For Sale

Weymouth, Dorset, UK
Asking Price:
£399,950
Turnover:
£141,748
Net Profit:
Available on request

12 Bedrooms; 3 Bed Owners Accommodation; T/o £141,000

12 en suite bedrooms + 1 large en suite Single Room almost completed; separate 3 bedroomed owners accommodation which has recently been refurbished + potential for a 4th bedroom in former guest lounge with space for en suite facility. Private courtyard garden. Possibility of creating 2 Bedroom Owners Accommodation in main building and converting separate and private 3 Double Bedrooms into a 1 Bedroom s.c Holiday Flat with own entrance ( subject to planning permission)
T/0 approx £141,748 ex vat from B&B only.
The property is situated on The Esplanade with sea views, close to the town centre and all amenities. A Grade II Listed Georgian property with gas fired central heating. The guest house has been greatly improved in the past years of the present ownership with the installation of a very economical boiler system, keeping costs down and improving continuity of supply. In addition, all the en suite facilities have been either upgraded or replaced and much new bedroom furniture installed plus many more improvements including a hard wired emergency fire alarm system and highly sophisticated fibre broadband system with good quality wifi to all rooms - ideal for business guests in this adult only guest house.
A superb business which has one of the highest occupancy rates in Weymouth with gross earnings per room approaching £15,000 per annum. The guest house provides bed and breakfast and is run by a husband and wife team with family assistance who purchased the business through Lawrence Wright in 2007.
The finishing of Room 13 and conversion of the former guest lounge to an en suite bedroom could create14 letting bedrooms and gross turnover could be taken to a figure c. £200,000 p.a.
New owners will enjoy a good level of repeat business - the business is rated Very Good by Booking.com.
The business is well advertised through Booking.com and its own website www.weymouthbeachbandb.co.uk
Tenure: The premises are held under the terms of a 60 year full repairing lease granted in 2007 from Dorset Council at a current rent of £27,000 per annum fixed until the next review in 2022.

Price: Only £399,950
EPC: N/A - Grade II Listed

Property Information

Property:

Leasehold

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