Well established and profitable freehold guest house with private car parking, located in a prominent position on a main access route into Weymouth. This attractive detached property offers strong lifestyle appeal, excellent owners accommodation and clear scope to increase turnover.
The business currently provides seven letting rooms, three of which are en suite, including a valuable ground floor guest bedroom. The guest house is presently trading from six rooms, leaving immediate potential to bring the remaining room into use. All guest rooms are well equipped with fridges, free WiFi, tea and coffee facilities and televisions. The business operates as an adult only guest house and offers free on site parking, a highly desirable feature in Weymouth.
Owners accommodation is spacious and well presented, comprising two bedrooms, an exceptional fitted kitchen and a large private living room. Externally, the property benefits from a most attractive enclosed private rear garden and a car park with space for approximately six vehicles, further enhancing guest appeal.
The detached property dates from the 1930s and has been significantly improved by the current owners, including the installation of a new boiler. Additional features include gas fired central heating, double glazing and solar panels which contribute to the overall income. The guest house is located approximately 1.5 miles from Weymouth beach and town centre, with frequent bus services passing along the nearby main road, providing easy access for guests.
The business has been owned and operated by the same proprietors since 2008 and is offered for sale due to retirement. Accounts for the year ended 31 March 2024 show a turnover of £65,521 including income from solar panels, generating reconstituted net profits of £33,259. The business currently trades on a bed and breakfast basis, with advertised room rates shown as room only and breakfast available as an optional extra at £9.99 per person per day.
There is significant potential to increase revenues by utilising the seventh letting room, upgrading additional bedrooms to en suite, and increasing tariffs which currently range from £82 to £97 for double rooms and £52 to £60 for single rooms excluding breakfast. The combination of off road parking, freehold ownership and scope for improvement makes this an attractive opportunity for lifestyle buyers and investors alike.
EPC: C (52)
