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Handsome 18th Century High Quality Guest House For Sale

Dorchester, Dorset, UK
Asking Price:
£725,000
Turnover:
£50K - £100K
Net Profit:
Undisclosed

A distinguished and long established high quality guest house occupying a prominent position in the heart of Dorchester, the historic county town of Dorset. This elegant Grade II Listed property is believed to date from around 1740 and offers substantial, character filled accommodation suited to owner occupiers and lifestyle buyers.

The property provides eight bedrooms in total. Six en suite bedrooms are currently used for letting, while the private owners accommodation includes two en suite bedrooms and a dressing room. Public areas include a private lounge, guest lounge, orangery, dining room and a well equipped kitchen. The interior is comfortably furnished to a high standard and reflects the quality and reputation the business has built over many years.

Outside there is a pretty enclosed garden. A garage is included nearby, with the option to rent two further garages, all of which provide valuable guest parking via their individual driveways.

A well regarded bed and breakfast attracting a mix of tourist and commercial guests. Booking.com and TripAdvisor both rate the business as Very Good, with 254 Excellent or Good reviews from 290 on TripAdvisor.

The business is run by one proprietor with part time staff and is offered for sale due to retirement. From choice, the turnover is kept below the £90,000 per annum VAT threshold, achieved through seasonal opening, with closure during November, December and January. Room tariffs typically range from £120 per night plus breakfast at £12.50 per person, up to £175 per night depending on room and season.

The current owner has continued to improve the property, including repairs to the orangery glazed roof and other upgrades including new boilers providing high pressure. The business has also gained national recognition through success on Channel 4’s Four in a Bed.

Property Information

Property:

Freehold

Location:

The guest house is situated on the main street of Dorchester, within easy walking distance of shops, museums, restaurants and other amenities. Dorchester is well known as the home and inspiration of Thomas Hardy, with strong year round visitor appeal. To the west lies Poundbury, the urban village designed by His Majesty King Charles III, which is nearing completion and will ultimately house around 6,000 residents, further enhancing local demand.

Premises Details:

Grade II Listed and believed to date from circa 1740. The property benefits from gas fired central heating and partial double glazing and has operated as a respected guest house for decades.

Business Operation

Expansion Potential:

The agents believe there is scope to increase earnings significantly under new ownership, with potential room revenues of around £25,000 per room achievable. Additional opportunities include introducing evening meals, small functions or weddings, business meetings and private events. Previous owners have generated rental income by letting the kitchen and dining room to a chef.

The guest house is also well positioned to benefit from nearby McCarthy and Stone retirement developments, which traditionally generate demand from visiting friends and family.

Other Information

Financing available:

The property qualifies for small business rates relief, meaning no business rates are payable, provided the owner is not claiming relief elsewhere.