Prime Weymouth Guest House with 12 En Suite Rooms and Sea Views for Sale
Weymouth, Dorset
- Status
FOR SALE
- Date Submitted:
04/10/23
- Advert ID
600678
- Reference
H243 / Rightbiz
- Call Agent:
- Leasehold: £595,000 (Stock at valuation)
- Rent: £5
- Turnover: £120,000 (£2,308 Per week)
- Net Profit: On request
Key Features
- Attractive Business
- Established Business
- Prime Location
- Accounts Available
- Fully Fitted
Business Details
Very Long Leasehold (virtual freehold) GUEST HOUSE for sale WEYMOUTH
12 En Suite Letting Bedrooms;
Top Floor s/c 2 bed flat (let and producing £700 pcm)
Ground Floor Dining Room with sea views; Breakfast Kitchen;
Substantial Living Accommodation incl. Lounge; 3 Bedrooms; Enormous Kitchen/Laundry, 2 Shower Rooms.
Rear Secure Yard for M/Cycles, Cycles etc
Informed t/o Approx. £120,000 incl. vat
125 Year Lease @ £5 p.a. FIXED
all for only £595,000
Located a few metres from Weymouth Beach across the road and close to the town centre. The property dates back to the Georgian period, is Grade II Listed and has the benefit of gas fired central heating. In the present ownership the property has undergone considerable improvement including a new boiler and water tanks, and the decoration moved to an annual rolling scheme of maintenance. The newly fitted breakfast kitchen is conveniently located close to the dining room which is on the ground floor and has sea views. Also, a number of the letting rooms have sea views. The living accommodation is large and includes both a shower room and an ensuite bedroom.
A bed and breakfast guest house which has been in the present hands for 12 years, run by a husband and wife team and is now for sale due to a desire to have a change of business style abroad. The business has good reviews on Tripadvisor with about 80% of reports very good or excellent with many guests returning.
The agents are informed that the turnover is approximately £120,000 p.a. incl. Vat and accounts will be available to applicants following a viewing.
A well regarded business with further potential within easy reach of the town and held on a rare long lease @ £5 per annum fixed for approx. 70 years.
EPC: Exempt
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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