A neat and well maintained seaside guest house offering an attractive lifestyle and business opportunity in a popular Weymouth location. The property is situated in Waterloo Place, close to the beach and within easy walking distance of the town centre, harbour, bus station and railway station. Its prominent position provides good visibility and passing trade.
The guest house provides eight letting bedrooms, six of which are en suite, together with one or two private bedrooms for owners. Early positioning in the terrace allows the front guest rooms to enjoy sea views. There is a private owners lounge which leads out to a pretty enclosed garden, offering a pleasant outdoor space. Additional private facilities include a study with separate broadband connection, ideal for home working.
The property benefits from a private car park to the rear with space for approximately six vehicles, a valuable feature for both owners and guests. Heating is provided by gas fired central heating to all but the top floor, with partial heating to the lower ground floor.
The current owners have maintained the property to a good standard and carried out a number of improvements, including installation of a new boiler in the utility room and a new hot water tank in the kitchen. Much of the ground floor flooring has been renewed and all letting bedrooms are now equipped with fridges. Bedroom 1 offers flexibility and can be used either as a private bedroom or as a letting room.
Tenure
The premises are held on a full repairing and insuring lease for a term of 60 years commencing in 2007, with five year rent reviews. The current rent is £12,950 per annum.
The Business
The business has been run by a husband and wife team since July 2019 and is offered for sale due to retirement. It is a well established guest house with a strong reputation, reflected in TripAdvisor reviews where 95 out of 104 ratings are Excellent or Very Good.
The owners have introduced a flexible pricing structure, offering room only or bed and breakfast options. A full cooked breakfast is charged at £13.00 and a continental breakfast at £8.00, which has proved popular with guests. Privately booked room rates range from approximately £62 per night for a single room including breakfast, up to £130 per night for larger rooms including breakfast.
The agents have inspected recent accounts which show turnover in the region of £64,000 to £70,000 depending on the length of the opening season. The business typically closes in November, reopens for Christmas and New Year, then closes again until March.
EPC: Exempt
