12 Letting Bedrooms – All with Private Facilities
Spacious 1/2 Bedroom Owners Accommodation - Parking
Visit England Four Stars and Silver Award
TripAdvisor ‘Travellers’ Choice Award’
*2023 Visit England Rose Award
The property is a Grade II Listed Georgian former gentleman’s residence built in 1827 which trades as a profitable and high quality bed and breakfast business and enjoys magnificent sea views from many of the rooms including the dining room. There is partial central heating from a new boiler and hot water tanks. New ‘eco’ electric heaters to the 2nd and 3rd floors for flexibility and economy. The whole property has seen considerable refurbishment in the present owner’s hands and the decoration has echoes of the muted tones of William Morris. Improvements include:
all external fabric, windows and balcony, etc have been repaired/renovated and painted,
Internally – new carpets, beds and other furniture and soft furnishings including curtains - converted two smaller singles in to the sea view king; replaced and/or upgraded most of the en-suites.
Dining room and lounge – new curtains, flooring, crockery, seating
Breakfast kitchen – completely refurbished, refitted and new equipment, except for the dishwasher including Rangemaster Range Cooker
New fire detection system and alarm system, including rewiring; replaced the CCTV system
Replaced all the corridor fire doors; Tiled the entrance lobby
Refurbished owner’s accommodation – floors, walls and curtains/blinds;
Replaced a hot water cylinder, fridge freezer, washing machine, and replaced the old gas range with a gas AGA and new gates on the back yard.
The premises are held under the terms of a full repairing and insuring 35 year lease from Dorset Council from 2015, at a current rent of £32,500 per annum incl. vat.
The Business A reinvigorated business which has been in the present hands since February 2021 having been introduced by Lawrence Wright. The guest house offers bed and breakfast to a high standard expertly run by two proprietors who have invested heavily in the building and use sophisticated software to dynamically price the rooms and maintain a high level of visibility on social media. An inexperienced buyer will receive full training and handover following exchange of contracts.
The guest house enjoys good levels of repeat trade and opens all year with time off in the quieter season for holidays.
The agents have inspected management accounts for the 12 months to May 2024 which show takings of £201,424 including vat compared with takings for the same period in 2023 of £162,598. Trading Profit and Loss accounts for the year ended 30th November 2023 shows a turnover of £165,604 – these figures have been achieved letting 11 Bedrooms – Rooms 14 & 15 could be brought into use ideally together sharing the ensuite bathroom.
New owners will benefit from a property which has been renovated and a business brand which is well established with excellent reviews ( in top 10 in Weymouth and with the top 10% Worldwide), a high percentage of direct bookings, good hospitality rankings and turnover. The proprietors have enjoyed building trade in their first guest house but now wish to take an easier road by moving on to a smaller B&B in Weymouth.
Price: £495,000
EPC: Exempt
