6/7 Letting Bedrooms(5 En Suite); 1/2 Owners Bedrooms; Dining Room, Large Guest Lounge; Kitchen; Freezer Room, Laundry; Under-pavement Storage; Split Level Private Living room to Conservatory; Family Bathroom and sep. w.c; Enclosed Garden. Car Park for 6/7 Cars.
The property is well located in Weymouth and is close to the beach and in a prominent position within walking distance of the town centre, ‘bus and railway stations. The property benefits from gas fired central heating except the top floor. The guest house dates from the Georgian Period and is Grade II Listed. Bedroom 7 can be used for letting or for private use. The property requires some updating but benefits from an extra room (Room 7) which is able to be used for letting or private use + a rare car park. The present owners only let 4 bedrooms from choice.
Tenure: The premises are held under the terms of a full repairing and insuring lease for a term of 60 years from 2005 with 5 year rent reviews at a current rent of £12,500 p.a.
The Business: A long established bed and breakfast business which has been in the present hands since 2016 and is now for sale due to ill health. The business has been easily managed by a couple without staff and provides bed and breakfast from letting 4 bedrooms. If room 7 and rooms 5 and 5A were re-opened for business the turnover would be substantially increased.
The existence of a bar is rare in this type of small, intimate style of guest house and undoubtedly could bring new business. A new owner will require a personal licence to renew this use and obtain a premises licence from the local authority. The availability of evening meals for guests would compliment the bar.
The present owners do not have a website for the business and rely on Booking Agencies such as Booking.com New owners could expand the business by the introduction of a website and possibly save booking fees.
From 4 lettings rooms the agents are advised that the turnover for the year ended March 31st 2023 was £32,521.
A LARGER THAN AVERAGE PROPERTY IN THIS TERRACE.
Price: £300,000
EPC: Exempt
