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Freehold Sea Front Guest House In Weymouth For Sale

Weymouth, Dorset
Asking Price:
£970,000 Furniture / Fixtures included
Turnover:
£234,000
Net Profit:
£100,000

16 bedrooms ( all own facilities); 3 bedroom owners/managers flat; B&B only with
T/O Approx: £234,011 p.a. Ex vat (2018)
The Grade II Listed Guest House in Weymouth for sale is believed to date from the Georgian period and has been extensively improved in recent years. 14 of the bedrooms are en suite and the other two have designated facilities. All rooms are fitted with flat screen t.v.’s. 10 letting bedrooms have sea views over Weymouth Bay.
Weymouth was established by George III as a fashionable resort and since the 18th Century the area has been renowned as a holiday centre. Weymouth provides the more classic seaside leisure and tourist related facilities, whilst visitors can visit nearby Portland for informal, specialist diving and sailing pursuits - the new seven million pound National Sailing Academy is going strong and was the venue for the sailing Olympics in 2012 – this exposure will bring visitors for years to come. Major International Sailing Events now include Sail for Gold and the new European Sailing Cup. Other regular events are the Beach Carnival, Seafood Festival, Military Vehicles Display, International Kite Festival etc.

The Living Accommodation in the Guest House for sale is more spacious than most in with its own private kitchen and living room with access to a private courtyard and incorporating 2 double bedrooms and a single bedroom.

£100,000 p.a profits for working owners. Retirement Sale. Highly Mortgageable.

If interested please contact the seller through the form on this page.

Property information

Property:

Freehold

Location:

The Guest House For Sale is located on the sea front of Weymouth with 10 Bedrooms enjoying Sea Views. Just down the side of the Guest House is a street leading to the town centre close by which is one of the oldest streets in Weymouth.

Premises Details:

A Grade II Listed Georgian Property with magnificent views across Weymouth Bay.

No EPC as the building is exempt.

Business Operation

Expansion Potential:

Potential to expand with possible conversion of the reception/lounge and adjacent large office into two further letting bedrooms which could bring the turnover in excess of £300,000 p.a.

Competition / Market:

The balance between supply of letting bedrooms and demand from tourists and business people in Weymouth is just perfect and many guest house owners in Weymouth socialise and build complimentary arrangements for business - helping each other when full.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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