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Guest House In Dorchester For Sale

Dorchester, Dorset, UK
Asking Price:
£950,000
Sales Revenue:
£50K - £100K
Cash Flow:
£50K - £100K

High Quality And Profitable 4 Star Guest House

A high quality bed and breakfast business within walking distance of the town centre.

Located in the County Town for Dorset and now the home of the enlarged Dorset Council, a Unitary Council together with a number of Museums and extensive plans for residential development including the famous and still growing suburb of Poundbury - the creation of HRH Prince Charles.

A stylish late 19th century house which has been imaginatively transformed and extended by the current owners to provide very comfortable accommodation for both guests and proprietors.

There are 7 letting bedrooms in the main house and in addition there are four more letting rooms in two self contained lodges to the rear of the garden which are situate in their own garden setting together with a further cabin currently housing a gymnasium. Generally, these lodges have been used for 'overflow' B&B accommodation but the agents believe that there is potential to increase occupancy and profitability by advertising them as family accommodation.

The current owners, a couple, have arranged the living accommodation to provide a large bedroom, man's den, ladies dressing room with extensive fitted wardrobes and a luxury bathroom with shower cubicle, his and hers wash basins and w.c. - This private accommodation could provide three owners bedrooms.

Outside is a forecourt with parking for three cars (ample, unrestricted parking nearby). To the rear is a delightful enclosed garden + further lawn by the gym.

The business achieves a gross turnover approaching £100,000 p.a. with substantial profits for working proprietors but with considerable opportunity to increase turnover with better marketing of the lodges.

Price: £950,000 Freehold EPC: TBN

Property Information

Property:

Freehold

Living Accommodation:

The living accommodation is currently laid out for a couple but could be adapted to form three bedroom accommodation

Location:

Located in a residential area about ten minutes walk to the town centre.

Premises Details:

Semi Detached late Victorian property with recent additions to side and rear + separate plot adjoining the rear with tow 2 bedroom self contained lodges and a cabin which is currently used as a gym.

Planning Consent:

All planning permissions for the extensive changes made since 2006 by the owners can be viewed on the Dorset Council website

Business Operation

Expansion Potential:

The Lodges are not marketed as family accommodation but are currently an overflow from the guest house and therefore under utilised.

Competition / Market:

Dorchester is not 'over bedded' and with the proposed expansion plans for the town, the growth of Poundbury and the status of county town which now is the base for the new Unitary Council - Dorset Council the future looks bright.

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