High Profit Sea Front Guest House For Sale

Outstanding, award winning guest house
14 en suite Bedrooms – 6 with Sea Views
Sea View Guest Lounge;
3 Bedroom 'House' with Large Private Lounge for Owner/Manager
Secure Private Courtyard with Seating Area and Car Park
T/O £318,134 Ex Vat Net Profits Approx. £150,000 p.a.
AA Four Gold Stars, AA Breakfast Award,
TripAdvisor ‘Best of the Best’ Award 2023 – Top 1% Worldwide
A striking Georgian Grade II Listed property in a strategically good position, within walking distance of the Town Centre, Railway and ‘bus Stations and Harbour. The owners have carried out a comprehensive programme of refurbishment to include rewiring and installation of three phase electricity, replumbing with three new boilers and high pressure system assuring powerful supplies to the upper bedrooms; refitting the kitchen, preparation, laundry and freezer rooms; installation of new en suites, re carpeting, re furnishing etc. The owner/manager’s 3 bedroom accommodation is a self contained ‘house’ adjoining the rear of the guest house with an entrance from the rear, secure car park and private seating area.
There are two ground floor letting bedrooms and 12 of 14 bedrooms have super king or king size beds.
Tenure: The property is virtually Freehold being held on a lease for 125 years from 1973 at a peppercorn fixed rent of £5 per annum fixed.
A superbly positioned bed and breakfast only guest house which is
highly acclaimed and has achieved a Four Gold Star rating with the AA, also their Breakfast Award and ranked in the top 1% in the world by TripAdvisor as ‘Best of the Best’ The guest house has been in the present hands since 2018 having purchased through Lawrence Wright
and is now available due to health reasons. The business is run by a husband and wife team and casual staff and closes for holidays each year.
The agents have inspected accounts for the year ended 31st March 2023 and a turnover of £318,134 ex vat was achieved.
EPC: Exempt
Price: Offers in the region of £1.2m