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Georgian Classic Close Harbour and Beach

Weymouth, Dorset
Freehold Price:
£525,000
Status
FOR SALE
Advert ID
235244
Reference
H233 / Rightbiz

9 En Suite Letting Bedrooms; Spacious Private First Floor Lounge; 2 bedroom owners accommodation with Second Lounge; Large walled garden.

 Located a few metres from Weymouth harbour and close to the town centre. The Beach and Esplanade just to the rear of the property. The property dates back to the Georgian period, is Grade II Listed and has the benefit of gas fired central heating and partial double glazing. Since 2012 the property has undergone considerable improvement with many of the showers replaced, carpets renewed and the decoration moved to an annual rolling scheme of maintenance. The kitchen is conveniently located between the Dining Room and the Owners Accommodation
A very well established bed and breakfast guest house which has been in the present hands since 2012 having purchased through Lawrence Wright and is now available due to retirement. The business is run by a couple with staff as required. The business is currently rated 3 stars by the AA and 94% of Tripadvisor Reviews rated Very Good or Excellent. The business caters mostly for older guests and business people and in the summer are able to restrict bookings to a minmum of three night stays. Currently trade is also restricted to adults and children of 14 or over.
The business opens in the summer months and is closed for long periods in the winter. The valuable ground floor Bedroom 1 is kept available for visiting family all year. The top floor is closed all winter and when the business is open at this time only 5 bedrooms are used and room only tariffs are offered.
The agents have inspected accounts for the year ended 5th April 2019 and a turnover of £78,470 was achieved from 8 letting bedrooms - The business is likely to close for the month of March 2020 as the VAT threshold of £85,000 is expected to be reached. Of course, if Bedroom 1 is used and the first floor lounge is coverted into a large en suite letting bedroom ( subject to permisssions) the turnover could be increased further and vat paid at the 10.5% only 'flat rate'.

Car Park 50 metres. Permits available for guests.

Price: £525,000  Freehold

Highly Recommended by the agents: Lawrence Wright Tel. 01747 228941

Listing Details
Freehold Price: £525,000
Tenure: Freehold
Location: Weymouth, Dorset
Sector: Bed And Breakfast, Hotels, Beach Shops
Key Features
  • Retirement Sale
  • Close to Local Amenities
  • Accounts Available
  • Attractive Business
  • With Accommodation
  • Prime Location
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Advert Reference: H233 / Rightbiz

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