7 bedroom guest house for sale

Waterloo Place, Weymouth, Dorset, DT4

£315,000
247 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 247 sq ft (22 sq m)

Key features

  • REF: 13701 i
  • LONG-LEASEHOLD
  • GUEST HOUSE

Full description

Tenure: Freehold

LOCATION
Arcadia Guest House is located in Weymouth, Dorset.

The guest house boasts a prime seafront trading location. The business is set on Weymouth Bay which attracts thousands of visitors each year. The area has ample retail outlets, this includes guest houses and bed and breakfasts; to cater for the high amounts of tourism all throughout the year. The business benefits from a rear car park which has 6 parking spaces. Parking is a huge premium and not readily available in Weymouth; giving the business an advantage to other businesses in the area.

Weymouth is a popular seaside resort on the south coast of Dorset. Its sandy beach is dotted with colourful beach huts and backed by Georgian houses, such as this guest house. The town has many visitor attractions, this includes the Sealife Centre, which is just a short walk from the business. The revolving viewing tower, and Victorian Nothe Fort offer harbour views; again, just a short stroll away. Further attractions include Sandworld, Bennetts Water Garden, Radipole Late and Nature Reserve as well as the beautiful sandy beach.

The guest house is set on a busy arterial road in the area, receiving daily heavy footfall and passing trade. The A354 is also just a short drive away from this location. As well as great road connections, the business further benefits from generous public transport. There are bus stops a short walk away and Weymouth train station is just 0.3 miles away. Weymouth train station has regular daily routes into Gloucester and London Waterloo.

BUSINESS
Hilton Smythe welcomes to the market Arcadia Guest House. The guest house was first established over 100 years ago and was taken over by our clients in 2013. Our clients now look to sell this well-established guest house, due to the desire to relocate abroad.

The business offers seven guest letting rooms and a two-bedroom owner's accommodation. There are four guest double rooms, two singles and a large family room, catering to any requirement. Each room comes with tea and coffee making facilities, fresh linen, wardrobes, alarm clock, towels and en-suite facilities. The rooms are minimal but have been completed to the highest standard.

Arcadia Guest House is set on the coast and boasts all year-round trade. There is a car park for customer and staff parking, on a first come first served basis.

The guest house is being sold as a Long-Leasehold opportunity. The lease is approximately 100 years long.

The guest house is eye-catching with its bright floral display frontage. The property looks highly inviting and stands out from its competitors. The business boasts a communal lounge area and dining room, with ample seating. Breakfast is available, this includes a cooked full English and continental breakfasts. The lounge has a comfy seating area to allow customers to relax after a busy day site seeing.

Arcadia Guest House generated an advised turnover of around 67,275 as of the 2016 accounts. A healthy turnover with scope to be increased. The business is run at a steady pace to suit our clients and is currently run at a 75% occupancy.

The purchaser could look to promote the guest house on free social media sites such as Facebook and Twitter. These are great cost effective sites to use for marketing and advertising a business. The guest house currently features on sites such as Booking.com and TripAdvisor. Expanding on these online booking sites could allow for more trade. Arcadia Guest House boasts over 100 excellent reviews on TripAdvisor, this is a well-known travel website.

The sale includes a two-bedroom owner's accommodation located on the basement. This has been well-converted; all rooms are bright and spacious. The guest house is in a turnkey trading position and allows for the purchaser to live at the business. However, if the accommodation is not required, the buyer could look to offer this space as further letting rooms.

This is a fantastic opportunity that would be ideal for a husband and wife team. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

PREMISES
Arcadia Guest House is set over three floors. The premise has retained huge amounts of character and original features including architrave, cornice, and spacious high ceiling rooms throughout. The business boasts beautifully presented pavement frontage, adjacent the main Weymouth bay.

GROUND FLOOR
On entry is the reception and entrance vestibule.

Just off this is the dining breakfast room, this has a large bay front window which allows for a bright interior.

There is a soft seating patrons lounge, this has lovely timber style floors. The room has a contemporary look, feel, ambience, and decor.

BASEMENT
Stunning 2-bedroom basement apartment currently used as owner's accommodation. This space is very well appointed and tastefully presented. The rooms are light and airy with original shuttered Georgian style windows.

This space consists of: -
Lounge living room
Dining room
Office space
Kitchen
Bathroom
Separate utility room with large inner hallways
Two well presented double bedrooms.
Rear access door to rear courtyard and rear parking.

A lovely owner's accommodation throughout.

FIRST/SECOND FLOOR
Selection of well fitted, well appointed, beautifully presented, minimalist style guest rooms all en-suite.

This floor consists of: -
Four doubles
Two singles
One family

Very interchangeable.

EXTERNAL
Rear courtyard.
Rear car park for circa 6 cars.


TENURE
We are advised the business is being sold as a long Leasehold business opportunity.

The lease lasts for 60 years.
56 years remaining as of 2017.
Ground rent paid to council is 12,500 per annum.
HOURS
The business is open all year round.


STAFF
The business is run and managed by our clients.

FINANCIAL PROFILE
Arcadia Guest House generated an advised turnover of around 67,275 with a gross profit of circa 88% as of the 2016 accounts.


Nearest stations

  • Weymouth (0.2 mi)
  • Upwey (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Weymouth (0.2 mi)
  • Upwey (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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