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 Profit of £137,000 p.a.
AA Four Gold Stars, AA Breakfast Award.
TripAdvisor ‘Best of the Best’ Award 2024 – No. 8 Worldwide and No.3 in the UK
A Turnkey Business
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 fully re-position and transform the property in terms of status, quality, luxury fixtures and fittings and infrastructure. There has been a TOTAL refurbishment of the Whole Building with a complete re-wire and installation of three phase electricity in 2022, replumbing with three new boilers and high pressure system assuring powerful supplies to the upper bedrooms; refitted the kitchen, preparation, laundry and freezer rooms; installation of new en suites, re carpeting, re furnishing etc. a new fire alarm system & emergency lights, wired wifi throughout and CCTV,
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 rare ground floor letting bedrooms and 12 of 14 bedrooms have super king or king size beds.
The guest house has consistently been awarded AA 4 Star Gold and AA Breakfast Awards for many years and has been No1 out of all the Weymouth B&Bs (167) for several years on Tripadvisor achieving the accolade of No.3 Best B&B in the UK and No.8 in the World 2024 also being named as Best "Boutique B&B" in Weymouth by the Times/Sunday Times 2023.
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.
The Business: 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. 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 a small team of experienced 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 and after taking into consideration items of expenditure of which are purely personal or tax allowable, a reconstituted net profit of approximately£137,048 was achieved.
Price: Offers Invited in the region of £1.2 Million
EPC: Exempt – Listed Grade II
