Established 30 Bedroom Seafront Hotel For Sale

Description

Large Seafront Hotel Opportunity - WeymouthA substantial licensed seafront hotel offering a rare opportunity to acquire a large hospitality business on a new long lease.The hotel occupies a prime trading position overlooking Weymouth seafront, the Jubilee Clock and the sea, while being within easy walking distance of the town centre, harbour, railway station and bus station.The property provides 30 en suite guest bedrooms, supported by excellent public facilities including a spacious lounge bar seating approximately 75 customers and a restaurant providing around 54 covers.Additional features include a passenger lift serving all floors, managers accommodation, and separate staff accommodation, making the hotel suitable for a managed operation.The property comprises two former Georgian gentleman’s residences and is Grade II listed. Heating is provided by independent electric radiators, offering flexibility and efficiency.The business has traditionally operated as a coach holiday hotel but is now transitioning towards private guest trade, creating significant potential for future growth.Weymouth has seen considerable investment in recent years, with improvements to hotels and guest houses helping increase room tariffs from around £100 per room per night to between £150 and £250 per night. This has been supported by the facilities available in Weymouth and the surrounding area, its accessibility within three hours of London, and a strong balance between visitor demand and available accommodation.There is an opportunity for new owners to continue the transition from coach holidays to private guest accommodation.Turnover for the year ending 31st October 2025 was £341,031 excluding VAT, generating profits of £140,306. After allowing for annual rent of £40,000, the business provides a net profit for a new proprietor in excess of £100,000 per annum. If operated by working proprietors, current management wage costs would provide additional potential.The hotel is offered on a new 60-year full repairing and insuring lease with an initial rent of £40,000 per annum.Price£449,950 plus stock at valuation.An excellent opportunity to acquire a substantial seafront hotel with an established trading history and significant potential for further development.The business is considered mortgageable subject to status.