14 bedroom guest house for sale

Weymouth, Dorset

£175,000

Property Description

Commercial information

  • Business for sale

Key features

  • Main road position close seafront & town centre
  • Large unique detached property with car park, garden
  • 10 rooms, 2 bed & 1 bed annexes plus owners bedroom
  • Subject of recent investment approaching 100,000
  • Income 45,822, rent only 16,000 pa
  • Everett Masson & Furby reference number: H033833R

Full description

Tenure: Leasehold

Description: A substantial detached Guest House, a former vicarage offering a great deal of character, occupying a large plot offering an abundance of car parking which proves lucrative, owners also benefit from enclosed rear gardens. The accommodation is most versatile and offers new owners various options depending on their accommodation requirements, under current ownership considerable investment and improvement has been undertaken. Extending over 3 floors, the ground floor providing guest lounge and dining room together with kitchen, laundry room and owners suite. Leading off the ground floor to one side is a self-contained 2 bedroom annexe currently let at the rate of £700 per month and to the other side is a 1 bedroom annexe occupied by a family member. The first floor offers 6 refurbished letting rooms, some with en-suite facilities, whilst the second floor offers a further 4 letting rooms. The business attracts a wide range of guests, from those working and visiting family in the area to those staying in the area on holiday.

Location: Fronting the wide Dorchester Road, a primary route leading to the nearby seafront, benefiting from being on bus routes with bus stops close by, surrounded by popular residential areas. Dorchester Road itself is host to numerous other businesses to include Tesco Express, a Public House and a number of catering establishments, all within walking distance. The popular esplanade, sandy beach and pier bandstand is literally only 5 minutes' walk away, the bustling town centre with its excellent range of shops together with the harbour slightly further afield but still within walking distance, taking approximately 15 minutes. Weymouth is a busy seaside resort, it supports a resident population of approximately 45,000 also drawing much trade from the smaller towns and villages along the South Dorset coast. It lies approximately 8 miles distance south of the county town of Dorchester, some 18 miles from Bridport and within a short driving distance of the Poole and Bournemouth conurbations.

Premises: As mentioned above the property has been the subject of investment by the current owners, this has included new electrics, windows, boiler, fire alarm system, carpeting and refurbishment of most of the rooms, spending in the region of £100,000 over the years. Main front half glazed Upvc entrance door opens to LOBBY, feature tiled floor, stained glass windows and vaulted ceiling, inner door opening to entrance HALLWAY containing stairs providing access to the upper floors. Leading off to one side is the guest LOUNGE, walk in bay window providing front aspect, high ceiling with feature cornice and ceiling rose. Leading off to the other side is the guest DINING ROOM, also with walk in bay window providing front aspect, high ceiling with feature cornice and ceiling rose, freestanding glass topped tables with matching chairs providing 22 covers. Inner hallway provides access to the KITCHEN, side aspect, fitted with work counters, base storage units, commercial stainless steel sink unit and hand washbasin. Contains cooker, 2 grills, microwave oven, 2 under counter fridges, small chest freezer. Useful walk in dry store and separate walk in crockery store, the kitchen inter-connects with LAUNDRY ROOM, rear aspect, fitted with twin stainless steel sink unit and hand washbasin, provides linen storage, contains washing machine and dishwasher, REAR LOBBY providing access to rear garden.
(None of the above appliances /systems have been tested and a purchaser must satisfy themselves as to the serviceability of these).

Letting Accommodation: Currently comprising 10 letting rooms to include singles, doubles and families, 6 rooms have been refurbished in recent years, rooms benefit from televisions and courtesy trays. The letting rooms extend over the first and second floors, stairs from entrance hallway to the FIRST FLOOR and split level LANDING AREA complete with STOREROOM and CLOAKROOM fitted with toilet and hand washbasin, the rooms comprise:

ROOM 5: A double with rear aspect, feature fireplace, fitted storage, EN-SUITE SHOWER ROOM fitted with shower tray, hand washbasin and toilet.

ROOM 6: A family/king size with rear aspect, feature fireplace, additional sofa or twin bed, EN-SUITE SHOWER ROOM fitted with shower tray, hand washbasin and toilet.

ROOM 7: A double with side aspect, feature fireplace, hand washbasin within the room.

ROOM 8: A double with front aspect, EN-SUITE SHOWER ROOM fitted with shower tray, hand washbasin and toilet.

ROOM 9: A single with front aspect, hand washbasin within the room.

ROOM 10: A single with front aspect, currently used as a laundry storeroom.

ROOM 11: A twin/double/family room with front aspect, additional sofa bed, feature fireplace, hand washbasin within the room.

BATHROOM: For use by rooms 7, 9 & 11, part tiled, fitted with bath, corner shower cubicle, hand washbasin and toilet, storage room leading off.

Further stairs rise to the SECOND FLOOR and further split level LANDING area from which the remaining 4 letting rooms lead off:-

ROOM 12: A double with rear aspect and skylight, hand washbasin within the room.

ROOM 12A: A double with front aspect, hand washbasin within the room.

ROOM 14: A double with front aspect, hand washbasin within the room.

ROOM 15: A double with rear aspect, hand washbasin within the room.

BATHROOM: For use by rooms 12, 12A, 14 & 15

Annexe 1: Situated on the ground floor, can be totally self-contained with both front and rear entrances in addition to inter-connecting door with guest lounge. Full length entrance HALLWAY, provides access to KITCHEN, rear aspect, glazed doors opening to rear garden, tiled floor and part tiled walls, fitted with a range of work counters, base and wall storage units, stainless steel sink/draining unit. Separate LOUNGE with rear aspect, BEDROOM 1 with front aspect, BEDROOM 2 with front aspect, SHOWER ROOM fitted with shower cubicle, hand washbasin and heated towel rail, separate TOILET. This annexe is currently let at a rate of £700 per month, can continue to be let or suit owners.

Annexe 2: Situated on the ground floor, can be totally self-contained, accessed externally from the rear or internally from guest dining room. Configured to provide LOUNGE incorporating KITCHENETTE, front aspect, fitted with work counters and a range of base and wall storage units. Adjoining BEDROOM, rear aspect, EN-SUITE SHOWER ROOM fitted with shower cubicle, hand washbasin and toilet. This annexe is occupied by a family member, it could also suit owner occupation.

Owner's Suite: Situated on the ground floor to the rear of the property, accessed from the main hallway, private entrance door to LOBBY from which all rooms lead off. SITTING AREA/BEDROOM, rear aspect, shower cubicle and hand washbasin, OFFICE with rear aspect, CLOAKROOM fitted with hand washbasin and toilet.

Outside: To the front of the property, gravelled CAR PARK, sufficient space for between 15 and 20 cars, separate 'In' and 'Out' entrances, shrub borders to the side. To the rear of the property, good size GARDEN comprising PATIO, area of LAWN and areas of mature shrubs, gate to the side street.

Business: An established business acquired by the current owner in 2010, only now offered for sale in order to pursue retirement coupled with some ill health. Offering bed and breakfast accommodation, attracting a variety of guests to include those looking to move to the area, attending job interviews, visiting family, attending family celebrations in addition to those holidaying in the area. Website: http://www.georgehotelweymouth.co.uk and additional advertising undertaken using the popular booking portals.

Trading Hours: Such is the trading position the business is able to trade all year round should new owners so wish.

Staff: Operated by the sole vendor with some family assistance, currently no staff are employed.

Takings: Accounting information provided in respect of the financial year end 5th April 2018 confirms income of £45,822. It should be noted that some £30,000 can be generated from the letting of the annexe and the 4 second floor rooms providing new owners with the opportunity to increase income through development of the Bed & Breakfast trade.

Comments: The sale of The George Hotel provides an opportunity to acquire a substantial character detached property occupying a lucrative main road trading position enjoying a favourable rent. Coupled with this is an established business lending itself to further development in the hands of new owners.

Tenure: A new 10 year renewable Lease is available to new owners, current rent £16,000 per annum which is more than covered from the letting of the 2 bed annexe and the 4 long term room lets.

Rates: Currently 'Nil' after 100% rate relief.

Price: £175,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Listing History

Added on Rightmove:
13 April 2018

Nearest stations

  • Weymouth (0.4 mi)
  • Upwey (1.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

EM&F Group, Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

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To view this property or request more details, contact:

EM&F Group, Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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 (0.4 mi)
  • Upwey (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F Group, Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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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