An excellent opportunity to purchase a fully fitted and trading Guest House comprising five letting rooms, guest dining room and ground floor owners accommodation.
The large mid-terrace property, which occupies an excellent trading location, is presented in good order throughout and viewing is highly advised. The five guest bedrooms comprise two double rooms, two single rooms and one twin. All of the rooms benefit from wash hand basins within the room and have shared use of a shower room and separate WC.
The guest dining room is found on the ground floor, with the owner’s occupying the remaining ground floor accommodation comprising of an attractive lounge, double bedroom, kitchen/breakfast room and shower room.
Worthing is a thriving seaside town, the largest town in West Sussex, having a population of around 105,000. It is situated at the foot of the South Downs, 10 miles (16km) west of Brighton and 18 miles (29km) east of the county town of Chichester.
The Town has a large service industry, and major employers include GlaxoSmithKline, HM Revenue & Customs, and Southern Water. Worthing offers comprehensive shopping facilities, a good choice of restaurants and eateries, many high-quality leisure facilities including water sports, golf courses, three theatres and one of Britain’s oldest cinemas.
Nearby attractions include the South Downs National Park, Arundel with its Wetland Centre and castle, Goodwood and Fontwell racecourses and in the vicinity are south-coast seaside towns including historic Portsmouth.
This good sized mid-terrace property is situated in an excellent trading location and is conveniently situated to appeal to both business and leisure visitors. It is approximately half a mile from the Town Centre and within 150m of the seafront. Worthing mainline railway station, which offers regular services to London Victoria, Gatwick Airport and Brighton is approximately 1.5 miles distant and local bus services run close by. Vehicular access to the surrounding areas is provided by the A259 and A27 trunk roads.
The accommodation with approximate room sizes comprises:
Feature arch with corbels. Stairs to first floor. Understairs storage cupboard. Doors to guest dining room, owner’s lounge and owner’s bedroom.
(15’7 into bay x 12’6 max)
A light and spacious east facing room. Stripped wood flooring. Attractive wooden fire surround with wood mantle and inset wood burning stove. Picture rail. Ceiling rose.
(12’9 x 11’)
Good size double bedroom. Vanity double drawer unit with inset wash hand basin.
GUEST DINING ROOM
(11’11 x 11’4)
A good size room currently providing approximately 6 covers, but could be arranged to accommodate up to 8 covers as required. Door to:
(11’6 x 11’3)
Fully fitted with a modern cream style shaker kitchen comprising low-level and wall mounted cupboards, wood effect roll-top work surfaces and inset one and a half bowl stainless steel sink unit with mixer tap over. Wall mounted Vailant combi-boiler. Door to:
(8’2 x 6’1)
Space and plumbing for washing machine, tumble dryer, low level fridge and tall standing fridge/freezer. Doors to rear courtyard garden and door to:
OWNERS SHOWER ROOM
Low level flush WC. Wash hand basin. Shower cubicle with ‘Mira Excel’ shower.
GUEST ROOM ONE- Double Room
(15’8 x 9’10)
A good sized east facing double room. Double vanity cupboard with inset basin, tiled splash back, mirror and shave point.
GUEST ROOM TWO- Twin Room
(12’11 x 11)
West facing twin room which could accommodate a double if required. Vanity cupboard with inset basin, tiled splash back, mirror and shave point.
GUEST ROOM THREE – Single Room
(8’4 x 7’9)
South facing. Vanity cupboard with inset basin, tiled splash back, mirror and shave point.
GUEST ROOM FOUR- Double Room
(11;11 x 11’8)
A good sized west facing double room. Wall mounted basin with tiled splash back, mirror and shave point.
GUEST ROOM FIVE- Single Room
(9’6 x 6’9)
East facing. Pedestal wash hand basin with tiled splash back, mirror and shave point.
SHARED SHOWER ROOM
Walk-in shower cubicle. Wash hand basin. Low level flush WC. Linen cupboard.
Low-level flush WC.
The property has the benefit of a fully enclosed rear courtyard garden with is laid to paving. There is a timber garden shed providing extra storage. To the front of the property there is a driveway providing off-road car parking for two cars.
We are informed by our clients that the business is currently trading under the VAT level, and there is potential to increase turnover with occupancy levels currently around 75%. Full account information will be made available to prospective purchasers after a formal viewing of the property.
The property has traded as a Guest House for many years and has been run successfully by the existing husband and wife team for approximately 13 years. They run the business without the need to employ any staff.
Due to its convenient location the guest house has a good mix of leisure and commercial guests. Many guests are visiting the area, using Worthing as a touring base, or visiting friends and family thus creating a high level of repeat business and good occupancy throughout the year
£525,000 for the freehold interest, goodwill and all trade fixtures and fittings (full inventory to be agreed).
Each side to be responsible for their own costs unless otherwise agreed.
We are advised that the Guest House is currently exempt from Business Rates but would advise interested parties to contact Worthing Borough Council’s rates department for further confirmation, 01903 221061.
ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Asset Rating for the property is C.
Copies of the EPC and Recommendation Report are available upon request.
Strictly by appointment with Spratt & Son.