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Neat Sea View Guest House With Garden For Sale

Weymouth, Dorset, UK
Asking Price:
£295,000 Furniture / Fixtures included
Turnover:
£66,000
Net Profit:
Under £50K

Immaculate and highly regarded sea view guest house located at the quieter end of Weymouth’s seafront, approximately a 15 minute walk from the town centre, harbour and transport links. This attractive property offers a strong lifestyle business with excellent presentation, sea views and a pretty enclosed garden.

The guest house provides five letting bedrooms, all with their own facilities and fitted with refrigerators. Guest accommodation is supported by a welcoming breakfast area and comfortable public spaces. The property also offers two bedroom owners accommodation, providing flexibility for private living, with two private lounges located on the ground floor and lower ground floor.

The Georgian Grade II listed property forms part of a terrace dating from the reign of King George III and benefits from gas fired central heating via a boiler installed by the present owners. Extensive updating and reconfiguration has been completed since 2017, including relocating the kitchen to the mezzanine floor closer to the dining room and enhancing the overall layout and flow of the business. A pretty enclosed garden to the rear provides an attractive outdoor space for owners and guests alike.

The business is operated as a well run bed and breakfast and is known for its high standards and strong reputation. The current owners acquired the business in early 2017 and undertook a comprehensive refurbishment programme. Trading was initially restricted due to works, followed by Covid lockdowns and later family commitments, meaning only four rooms were offered until 2024. With all five rooms now in use, turnover for the most recent years reached approximately £66,000, with projections indicating turnover in excess of £70,000 is achievable.

The premises are held on a 60 year full repairing and insuring lease from 2007 at a current rent of £10,400 per annum with five year rent reviews. This is an excellent opportunity to acquire a well presented and fully refurbished sea view guest house with clear potential for further growth.

Property Information

Property:

Leasehold

Lease Terms:

60 year full repairing and insuring lease from 2007 at a current rent of £10,400 per annum with five year rent reviews.

Living Accommodation:

Two bedroom owners accommodation with private lounges.

Premises Details:

Georgian Grade II listed terraced property with five en suite letting rooms, owners accommodation and enclosed garden.

Size in square feet:
Multi storey terraced property in a desirable seafront location.
Planning Consent:

Established use as a bed and breakfast guest house.

Business Operation

Expansion Potential:

Opportunity to increase turnover further by optimising tariffs and trading at full capacity year round.

Competition / Market:

Quiet seafront position with sea views provides a strong advantage over busier central locations.

Trading hours:

Operates on a bed and breakfast basis.

Employees:
Owner operated.
Years established:
8

Other Information

Support & training:

Handover available to ensure a smooth transition.