0:00:01 > 0:00:04- KNOCK AT DOOR - Mr Irwin?
0:00:04 > 0:00:05I'm the tiger!
0:00:08 > 0:00:11Mr Irwin, breakfast finishes in ten minutes.
0:00:11 > 0:00:12Eh?
0:00:14 > 0:00:16Jonnie, you're late! Come on!
0:00:16 > 0:00:18Two secs. Two secs!
0:00:18 > 0:00:21Welcome to "To B&B or not to B&B".
0:00:49 > 0:00:52You are aware, Jonnie, that check-out is 9.00am?
0:00:52 > 0:00:56- Anyone would think you were on holiday!- We are in Weymouth, seaside town
0:00:56 > 0:00:59and home of the sailing competition, 2012 Olympics.
0:00:59 > 0:01:03We've got to find three B&Bs for today's buyers!
0:01:03 > 0:01:05One of which they get to try before they buy.
0:01:05 > 0:01:08You've got ten minutes or there's a surcharge.
0:01:08 > 0:01:10Hang on!
0:01:10 > 0:01:15When you've finished your cereal, Jonnie, it's time to get on with THIS serial and meet our buyers,
0:01:15 > 0:01:18Carole Leatherhead and her son, Jay.
0:01:18 > 0:01:22OK. They are currently living in landlocked Hertfordshire
0:01:22 > 0:01:26but Carole has always cherished a dream of moving to the south coast.
0:01:26 > 0:01:31Her dad loved messing about in boats and she feels an affinity with the sea, too.
0:01:31 > 0:01:34The plan is to find and run a small B&B in Weymouth.
0:01:34 > 0:01:40Jay currently works as a restaurant manager, so cooking a full English breakfast is no problem for him.
0:01:40 > 0:01:45There you go, always thinking about your stomach. Let's get down to business.
0:01:45 > 0:01:48The dream of running a B&B at the seaside.
0:01:48 > 0:01:50Where did this come from?
0:01:50 > 0:01:53Firstly, I've always wanted to live near the coast.
0:01:53 > 0:01:59Then you think to yourself, what would I do if I moved down there?
0:01:59 > 0:02:01Rather than just live there,
0:02:01 > 0:02:05you've got to earn a living. He has a lot of experience in catering.
0:02:05 > 0:02:06I've run a pub.
0:02:06 > 0:02:10So this seemed a logical way to go.
0:02:10 > 0:02:15How many rooms are you thinking of? A massive affair or a cosy affair?
0:02:15 > 0:02:19- It's down to budget.- More cosy. - Five to six rooms
0:02:19 > 0:02:23would be probably what's within reach.
0:02:23 > 0:02:27And also manageable. Although you've got experience, Jay,
0:02:27 > 0:02:32- you don't want to dive in the deep end with 15 rooms and sink before you swim.- No.
0:02:32 > 0:02:34Take it gradually.
0:02:34 > 0:02:37Although I do like modern properties,
0:02:37 > 0:02:42I realise that's not going to happen in this type of business or what we're aiming for
0:02:42 > 0:02:45because it's going to be a period property.
0:02:45 > 0:02:50But as long as the inside is clean and fairly modern, especially the kitchen.
0:02:50 > 0:02:54Anything else? Any other requirements that spring to mind
0:02:54 > 0:02:56that you would really be keen on?
0:02:56 > 0:03:00I want to wake up in the morning and see the sea.
0:03:00 > 0:03:03Hang on a minute! No, no. That's your guest rooms!
0:03:06 > 0:03:09Well, I had thought of that. I might be stuck at the back!
0:03:09 > 0:03:13In the off season you can pile into an unused room.
0:03:13 > 0:03:16- I can still go out the front door and look.- Yeah.
0:03:16 > 0:03:20To be honest with you, the businesses that we've all seen,
0:03:20 > 0:03:24the owners live in pretty much the worst part of the building.
0:03:24 > 0:03:29You have to be prepared for that. This is a good location to look for a business.
0:03:29 > 0:03:32There's the Olympics coming in a couple of years' time.
0:03:32 > 0:03:34A lot of demand here.
0:03:34 > 0:03:36What's our maximum budget?
0:03:36 > 0:03:41- Well, 300. I know it's not an awful lot, but...- 300.
0:03:41 > 0:03:45We do have a bit of leeway if we can look at leasehold properties.
0:03:45 > 0:03:50£300,000 isn't a great budget in a fantastic location like this for freehold.
0:03:50 > 0:03:54But if we look at leasehold, we can show you a variety. How's that?
0:03:54 > 0:03:58- Yes.- We have thought about the leasehold.
0:03:58 > 0:04:02It's going to obviously depend on the lease, how long it is.
0:04:02 > 0:04:09If it's a lease that needs renewing in two years, and involves a lot of technicalities and expense, no.
0:04:09 > 0:04:14We'll only show you properties that fall within the Landlord and Tenants' Act 1954,
0:04:14 > 0:04:16which gives you security of tenure.
0:04:16 > 0:04:20- Eh? OK.- What happened there? - Jonnie's got the wind in his sails. Shall we go?
0:04:20 > 0:04:23- I'll get my coat. - Here we go. See you later!
0:04:24 > 0:04:29Hang on a minute. The Landlords' Act of 1950-what?
0:04:29 > 0:04:32- Just a little fact.- There's something you're not telling me.
0:04:32 > 0:04:35You know more about this game than you're letting on.
0:04:35 > 0:04:39- Not really.- Come on. - I used to sell businesses.
0:04:39 > 0:04:44This will work out perfectly! I've never been to Weymouth before. I fancy a stroll.
0:04:44 > 0:04:48- See you later.- That's why I didn't say! Get us a stick of rock, at least!
0:04:48 > 0:04:50Estate agent for me.
0:04:50 > 0:04:54No chance of that rock! Weymouth, desirable seaside town
0:04:54 > 0:04:58and favourite bathing spot of George III, is undergoing a makeover.
0:04:58 > 0:05:03It's always been popular bucket and spade territory with the British.
0:05:03 > 0:05:06But since the announcement of the Olympics coming here in 2012,
0:05:06 > 0:05:08the eyes of the world are now upon it.
0:05:08 > 0:05:12The Weymouth and Portland Sailing Academy is where events will be based.
0:05:12 > 0:05:16One course in Portland Harbour, the other four in Weymouth Bay.
0:05:16 > 0:05:19There are plans to rejuvenate the Art Deco pier bandstand
0:05:19 > 0:05:23and provide Victorian shelters along the esplanade.
0:05:23 > 0:05:26And they've given the statue of George III a facelift.
0:05:26 > 0:05:30All this, along with the fact that Weymouth is situated halfway along
0:05:30 > 0:05:36the fabulous Jurassic coast and has one of the sunniest and warmest micro-climates in the UK,
0:05:36 > 0:05:40means that Carole and Jay have picked a great place to enter B&B land.
0:05:40 > 0:05:46What other B&B businesses can you buy around the UK for their budget of £300,000?
0:05:46 > 0:05:49In Blackpool, you can get off to a great start
0:05:49 > 0:05:52with 11 letting rooms all en-suite,
0:05:52 > 0:05:55a freehold tenure and a thriving existing business for 300 grand.
0:05:55 > 0:05:58On the east coast in Scarborough, another freehold B&B
0:05:58 > 0:06:03with six letting bedrooms for 310 grand.
0:06:03 > 0:06:06If you fancy starting from scratch,
0:06:06 > 0:06:08this ten-bed, four reception-roomed house
0:06:08 > 0:06:09on the North Wales coast.
0:06:12 > 0:06:14But back to finding a B&B in sunny Weymouth.
0:06:15 > 0:06:21- The Olympics are coming to Weymouth. Has that pushed up property prices? - Not really. Not at the moment.
0:06:21 > 0:06:24You look like a well-established business.
0:06:24 > 0:06:27Seasons. Let's talk seasons.
0:06:27 > 0:06:30I've got a mother and son looking to open a B&B.
0:06:30 > 0:06:33How busy are they going to be, and when?
0:06:33 > 0:06:38In summer, Weymouth has an amazing atmosphere. So many people come.
0:06:38 > 0:06:41- They've got 300 grand.- Yes.
0:06:41 > 0:06:43What does that mean for us?
0:06:43 > 0:06:46It means you can probably buy something here.
0:06:46 > 0:06:51It doesn't necessarily mean you'd get sea views or harbour views.
0:06:51 > 0:06:53Are you looking forward to the Olympics coming?
0:06:53 > 0:06:55No!
0:06:56 > 0:06:59- Why not?- I'm not sport-minded.
0:06:59 > 0:07:03No, but it's really nice for Weymouth to be picked of all the places in the country.
0:07:03 > 0:07:05It'll do us good.
0:07:05 > 0:07:09- Do you get a lot of holidaymakers thinking they can make a go of a business?- Of course.
0:07:09 > 0:07:12They come from up north for their holidays.
0:07:12 > 0:07:16They see everything's busy. They want to do that.
0:07:16 > 0:07:19- They think they can do it themselves.- It's not that simple!
0:07:21 > 0:07:24I've had a lovely day out here at the National Sailing Centre.
0:07:24 > 0:07:28Along Chesil Beach, Portland Bill, Weymouth Harbour. Gorgeous.
0:07:28 > 0:07:32- Hello! Been busy?- All right? Yes, I have been busy, not like you!
0:07:32 > 0:07:35- What have you found? - I've been busy finding properties.
0:07:35 > 0:07:39- Property One is a bit of a stunner. - Put your sunglasses on!
0:07:39 > 0:07:42Mellow yellow, I think, for this one.
0:07:42 > 0:07:45Now, the beauty of this, even with our limited budget,
0:07:45 > 0:07:49it's only freehold! Oh, yeah, baby.
0:07:49 > 0:07:53- Impressive.- Plus, you know Carole likes modern.- Yes.- She's got modern.
0:07:53 > 0:07:57Inside it's a different story. It's modern decor, contemporary fittings.
0:07:57 > 0:08:02- Outside, a nice Victorian facade. - Gorgeous. That's Property One.
0:08:02 > 0:08:05I'd normally be very worried about that property.
0:08:05 > 0:08:08But the reason I'm so relaxed and having a nice day
0:08:08 > 0:08:10because Carole said she either wanted a sea view
0:08:10 > 0:08:15- or if you can't get that, it would be a view of the harbour.- Yes.
0:08:15 > 0:08:18So which did I go for with my property?
0:08:18 > 0:08:20I went for both! It's absolutely gorgeous.
0:08:20 > 0:08:24It's a Georgian property. It is beautiful.
0:08:24 > 0:08:26Impressive. But don't get too confident.
0:08:26 > 0:08:30- You know what I've got?- The Wild Card.- Very wild card, this one.
0:08:30 > 0:08:32Very wild indeed.
0:08:32 > 0:08:35What we've got, in the words of one of the secret property hunting team,
0:08:35 > 0:08:37it's got accommodation a-go-go.
0:08:37 > 0:08:39I don't know what that means,
0:08:39 > 0:08:46but looking at the details, it's got a separate annexe, 11 rentable letting bedrooms...
0:08:46 > 0:08:49We don't have time to talk about that. Shall we start the tour?
0:08:49 > 0:08:53Let's start staring at the sun with my property number one.
0:08:56 > 0:09:00I reckon I'm setting a high standard today with the first property.
0:09:00 > 0:09:03My choice is the right size, it's in the right place,
0:09:03 > 0:09:06needs the right amount of work doing to it - none -
0:09:06 > 0:09:10and it's a popular and well-established business.
0:09:10 > 0:09:12- And sea views, Jonnie?- Well, almost.
0:09:12 > 0:09:14..No.
0:09:16 > 0:09:21Now, Property One is, I like to think, mellow yellow.
0:09:21 > 0:09:23- What do we think?- Bright!
0:09:23 > 0:09:27- Makes you smile, that colour!- I like the leaded light windows, though.
0:09:27 > 0:09:31- Sunshine.- Jay, you think sunshine? - Yes.- There you go.- Sunshine.
0:09:31 > 0:09:34Now, we're a stone's throw from the beach.
0:09:34 > 0:09:37There are no sea views with this property.
0:09:37 > 0:09:42But I think a real positive is you are in a B&B district.
0:09:42 > 0:09:45People will drive up and down looking at vacancy signs.
0:09:45 > 0:09:49So you have good footfall as well as pre-booked business.
0:09:49 > 0:09:53- What do you think of this location? - Yes.- Quite good, yes.- Not bad.
0:09:53 > 0:09:55Carole, I know you like modern.
0:09:55 > 0:10:01Modern she ain't, but I think she's nicely proportioned, character features.
0:10:01 > 0:10:05I love a well-proportioned pier and a beautifully vermiculated pediment.
0:10:05 > 0:10:09Bless you! Would you like to divulge what you were talking about?
0:10:09 > 0:10:13The piers are these bay windows with the solid stone structures.
0:10:13 > 0:10:17And there's your vermiculation, that delicate touch above the doorway.
0:10:17 > 0:10:20It has a grandeur about it, don't you think?
0:10:20 > 0:10:26It looks very solid and clean. Yes, it's a nice front, yes.
0:10:26 > 0:10:29Through that door you'll find contemporary living
0:10:29 > 0:10:34and no work to be done whatsoever, so you can concentrate on cooking up your signature dishes.
0:10:34 > 0:10:36- If you like.- Hopefully, yeah.- OK?
0:10:36 > 0:10:38- Ready to look in?- Let's go.
0:10:38 > 0:10:41- Get in and enjoy. Off you go. - Thank you.
0:10:42 > 0:10:44In we go.
0:10:44 > 0:10:46Nice big hallway,
0:10:46 > 0:10:48which is nice.
0:10:48 > 0:10:53- Mr Irwin, you requested fresh headphones. - Are they over easy?- They are.
0:10:53 > 0:10:58- A notice board here with some cards on it from happy customers. - Beautiful.
0:10:58 > 0:11:02It's good to see the cards cos it means people have enjoyed their stay.
0:11:02 > 0:11:04Little "thank yous".
0:11:04 > 0:11:08- So it's a happy house at the moment. - Happy house, happy business.
0:11:08 > 0:11:11That sounds like potential repeat business.
0:11:11 > 0:11:14This is the dining area. Oh, I quite like this.
0:11:14 > 0:11:16Breakfast lounge.
0:11:16 > 0:11:20- Quite nice. Not too cluttered or anything.- All clean and modern.
0:11:20 > 0:11:22Nice. 14 people you can sit in here.
0:11:22 > 0:11:25It's quite a nice number, really.
0:11:25 > 0:11:30- If you needed to put another one in, you could move those. - You could move the chairs.
0:11:30 > 0:11:34But obviously that's enough for the guests you can have here.
0:11:34 > 0:11:37There's no residents' lounge with this place.
0:11:37 > 0:11:42So you wouldn't mind sitting there for ten minutes waiting for a taxi to turn up.
0:11:42 > 0:11:44You need that public space here.
0:11:45 > 0:11:47Nice.
0:11:47 > 0:11:50This must be the private living room.
0:11:50 > 0:11:52Interesting why they've got two TVs in here.
0:11:52 > 0:11:57One mounted on the wall. I guess that one's a CCTV camera.
0:11:58 > 0:12:00Nice little area.
0:12:00 > 0:12:03It's quite... Quite cute, really.
0:12:03 > 0:12:10- I think that's a little bit...- Bit on the small side. But quite cute.
0:12:11 > 0:12:15- Ah, right. Yeah.- Looks like the private first bedroom.
0:12:15 > 0:12:19- Or the master bedroom.- So this would probably be my bedroom.
0:12:19 > 0:12:21Yeah, I would have thought so.
0:12:21 > 0:12:24- It's nice. Light. - An en-suite there.
0:12:24 > 0:12:26- Yeah.- Looks nice.- Good.
0:12:26 > 0:12:31I thought this was pretty good-sized owners' accommodation.
0:12:31 > 0:12:34- They're normally tucked into a hovel.- I wouldn't know.
0:12:34 > 0:12:38- I've never seen the other side of the door.- Really?- I'm the public.
0:12:38 > 0:12:40Behind the manager's door is a mystery to me.
0:12:40 > 0:12:42Right.
0:12:42 > 0:12:45Let's have a look what else we have here round the corner.
0:12:45 > 0:12:47A little utility room here.
0:12:47 > 0:12:49Washing machine, tumble drier.
0:12:49 > 0:12:51Into a room which is...
0:12:53 > 0:12:57..quite small again, but it's got another en-suite which seems OK.
0:12:57 > 0:13:00- Does the job.- Yeah. Wonder where the kitchen is.
0:13:00 > 0:13:04I presume this is the kitchen, the only room we haven't found.
0:13:04 > 0:13:08- Oh, yes.- Nice kitchen.- This is nice and clean and light. I like that.
0:13:08 > 0:13:10I really want to see the guest rooms.
0:13:10 > 0:13:14- I think we need to see them. - That's the important thing, really.
0:13:14 > 0:13:19It does feel like a commercial kitchen. They've got all the white goods out of the way.
0:13:19 > 0:13:22- That's the business end. - You've got plenty of prep space.
0:13:22 > 0:13:25And lots of natural light coming in.
0:13:25 > 0:13:27This looks nice.
0:13:27 > 0:13:31- Nice light window. - Looks like one of the doubles.
0:13:31 > 0:13:33Yeah. That's good.
0:13:34 > 0:13:38- En-suite.- I quite like the decor.
0:13:38 > 0:13:40The colour scheme is nice in here.
0:13:40 > 0:13:42Shower en-suite. That's good.
0:13:42 > 0:13:44Nice. Nice.
0:13:44 > 0:13:47- No, that's good.- Definitely a room I'd sort of stay in.
0:13:47 > 0:13:53It's quite nice. Jonnie's taken that into consideration with this choice.
0:13:53 > 0:13:57Yeah, but personally, I think this is one of the weaker bedrooms.
0:13:57 > 0:13:59It's a good-sized double.
0:13:59 > 0:14:03A double bedroom needs to have space either side of a double bed for a bedside cabinet.
0:14:03 > 0:14:06That's officially a double in a guest house.
0:14:06 > 0:14:07Now, this is better.
0:14:07 > 0:14:10- This is a good room. - I like this room.
0:14:10 > 0:14:14- I get a good feeling about this one. It's good.- It's big.
0:14:14 > 0:14:19- See the difference a little bit of colour makes on the wall? - It's good.- I like this room.
0:14:19 > 0:14:22I do like this room. It's clean and light.
0:14:23 > 0:14:26- OK?- I agree with you, actually.
0:14:26 > 0:14:29Another room in here. Let's have a look.
0:14:30 > 0:14:36- Oh, right.- This is quite small. - This is obviously for people with a family.
0:14:36 > 0:14:41I'd imagine that because that door is an outer door,
0:14:41 > 0:14:44that these two are a family let.
0:14:44 > 0:14:48- This is for the children.- So you'd have to let them both out together
0:14:48 > 0:14:52- because I haven't seen a bathroom in the corridor.- No.
0:14:52 > 0:14:57- It's not for those situations. - No, this is a family set-up.
0:14:57 > 0:14:59Right, this is the last one.
0:14:59 > 0:15:03- Yeah, the last one.- Good bay window. - And a toilet, which is good.
0:15:03 > 0:15:05I think Jonnie's done a good job with these
0:15:05 > 0:15:07cos the bedrooms for this size of place
0:15:07 > 0:15:11I think are pretty good.
0:15:11 > 0:15:15Right, Jonnie, you've given them three different style bedrooms there.
0:15:15 > 0:15:18- All very clean, contemporary and en-suite.- Uh-huh.
0:15:18 > 0:15:24And the floor above has rooms that mirror exactly what's below.
0:15:24 > 0:15:26So you've got six really good bedrooms
0:15:26 > 0:15:28of which two are family-size rooms.
0:15:28 > 0:15:32- Like this one, for example. - What more do you want? - Absolutely lovely.
0:15:32 > 0:15:36- Do you want to have a word with them?- I'll go and have some high-fives.
0:15:43 > 0:15:46Here we are, Basil Fawlty and Rocco Forte!
0:15:46 > 0:15:48- Thank you!- Which one's which?
0:15:48 > 0:15:54Listening in to you, it sounded like either you were impressed but didn't say much
0:15:54 > 0:15:58or your business minds were racing and you were thinking about how you'd operate.
0:15:58 > 0:15:59Which one?
0:15:59 > 0:16:01For me, it was more the latter.
0:16:01 > 0:16:06- Right.- I was very much thinking from the point of view of a customer.
0:16:06 > 0:16:10What about the living space? The private living space?
0:16:10 > 0:16:15Private accommodation, the room that would presumably be mine
0:16:15 > 0:16:18absolutely fine.
0:16:18 > 0:16:20OK. We'll see!
0:16:20 > 0:16:22His room's the kitchen, basically!
0:16:22 > 0:16:24- Are you happy with that?- Absolutely.
0:16:24 > 0:16:26Put a bed in there, I'll be all right.
0:16:26 > 0:16:30I always recommend people put up pretty much with not squalid,
0:16:30 > 0:16:33but fairly conservative proportioned rooms
0:16:33 > 0:16:38- and give the best rooms to the customers.- Right. - Possibilities?- Definitely.
0:16:38 > 0:16:43- Definitely possibilities. - Great start. Jonnie's got a good find for you here.
0:16:43 > 0:16:48But of course, that could all change. It's guess the price time.
0:16:48 > 0:16:50More pressure.
0:16:50 > 0:16:55Your budget, around £300,000, depending what you have to do on the place,
0:16:55 > 0:16:57- if it's a freehold or leasehold. - Exactly.
0:16:57 > 0:17:00I guess you need that question answering first.
0:17:00 > 0:17:02This is freehold.
0:17:02 > 0:17:03- Really?- Yep.
0:17:03 > 0:17:08- Who's going to go first? - OK. Bite the bullet. 310.
0:17:09 > 0:17:11- OK.- Jay?- My guess would be
0:17:11 > 0:17:12290.
0:17:12 > 0:17:14Right. Well.
0:17:16 > 0:17:18Ladies went first and ladies won.
0:17:18 > 0:17:23It's on the market for offers around £325,000.
0:17:23 > 0:17:24OK.
0:17:24 > 0:17:27That's a freehold. The good thing in your favour is
0:17:27 > 0:17:30it's been on the market for some ten months now.
0:17:30 > 0:17:34At the moment, it's not on the market with an agent.
0:17:34 > 0:17:37- OK?- Really?- There's not a lot of people coming to look at it.
0:17:37 > 0:17:43So we personally think a very good find from the property buying team on To Buy Or Not To Buy.
0:17:43 > 0:17:45- Yeah? Great start.- Excellent start.
0:17:45 > 0:17:47Would you like to see some more?
0:17:47 > 0:17:49- Very much so.- Would you?
0:17:49 > 0:17:53Tell you what. I know a place that has rooms to view.
0:17:53 > 0:17:56Property Two. My choice. Out the front door! Let's go!
0:18:00 > 0:18:04Now, when they said "sea view", Jonnie,
0:18:04 > 0:18:06this is what they meant.
0:18:06 > 0:18:11A sea view out of every window except for the ones which have a harbour view!
0:18:11 > 0:18:13All right, all right. But...
0:18:13 > 0:18:16is it freehold, Simon? Is it?
0:18:16 > 0:18:18Maybe not. Let's just enjoy the view, shall we?
0:18:19 > 0:18:23As nice as it is here, Simon, I have to ask, what are we doing here?
0:18:23 > 0:18:26- We're enjoying the view, Jonnie. - It's lovely.
0:18:28 > 0:18:31If only your place of work had that view!
0:18:31 > 0:18:34- Oh!- Every day, eh?- It would be lovely.- Gorgeous.
0:18:34 > 0:18:38Now, Jonnie, I think, found a real gem with that gorgeous freehold property.
0:18:38 > 0:18:45Just off the beach. But for Property Two, I'm selling you the dream that you sold me.
0:18:45 > 0:18:46There it is.
0:18:46 > 0:18:50Second building in. What do you think of that?
0:18:50 > 0:18:54- I'm thinking "Excellent!" - Double whammy.- Brilliant view.- Yep.
0:18:54 > 0:18:57- Georgian. Do you love Georgian properties?- It's different.
0:18:57 > 0:19:02I like the round windows. Love the view, obviously, which is to die for.
0:19:02 > 0:19:04The owners of these guest houses along here,
0:19:04 > 0:19:07I think confidently and rightly so,
0:19:07 > 0:19:10claim that they have the best views in town.
0:19:10 > 0:19:16If you were to look for a bed and breakfast, you'd go to the place with the best views in town.
0:19:16 > 0:19:20- Absolutely.- This is prime real estate. A hospitality centre.
0:19:20 > 0:19:24I can imagine. It's spectacular, really.
0:19:24 > 0:19:29I know what you're thinking. "Can it be this good? This is too good to be true."
0:19:29 > 0:19:32In some respects, it is.
0:19:32 > 0:19:40You really are going to have to do some work, particularly with the living accommodation in this place.
0:19:40 > 0:19:43I'll tell you that much. That's all I'll tell you
0:19:43 > 0:19:46because as we've suggested, as you will find out,
0:19:46 > 0:19:50with views like that from more or less every room, we can't go far wrong!
0:19:50 > 0:19:54- No.- Get in there and enjoy. See you in a moment.
0:19:54 > 0:19:55OK.
0:19:55 > 0:19:58Shall we go and listen in or shall we just... Let's enjoy the view.
0:20:02 > 0:20:04This should be interesting, Mr O'Brien.
0:20:04 > 0:20:06Can you not read?
0:20:08 > 0:20:09Oh, wow!
0:20:10 > 0:20:12This is very pleasant.
0:20:12 > 0:20:13I like this!
0:20:13 > 0:20:15This is a big room!
0:20:16 > 0:20:19- Big room.- You've got the view for the visitors.
0:20:19 > 0:20:23- Guests can sit by the window. - Seven tables in here.
0:20:23 > 0:20:27- Look at the beach.- This is good. There's enough for 18 people.
0:20:27 > 0:20:30- 18, is it?- 18 people for breakfast.
0:20:30 > 0:20:34What better way to start the day than sit having a full English breakfast
0:20:34 > 0:20:36looking across Weymouth Bay.
0:20:36 > 0:20:39It's a nice wide stair here.
0:20:39 > 0:20:42Some nice pictures on the wall.
0:20:42 > 0:20:45There's a corridor, bathroom there.
0:20:46 > 0:20:49There's a nice little shower room here.
0:20:51 > 0:20:52Right.
0:20:52 > 0:20:55It's a fair size for a shower.
0:20:56 > 0:21:00- And another one here.- All fully tiled.- Nicely decorated.
0:21:00 > 0:21:01Easy to clean.
0:21:01 > 0:21:06The row of bathrooms and toilets there remind me of my backpacking days.
0:21:06 > 0:21:08It's almost like a youth hostel.
0:21:08 > 0:21:12It is a bit. That does need updating or kind of, I don't know...
0:21:13 > 0:21:15..re-appointing?
0:21:15 > 0:21:17Oh, yeah, this is a good room.
0:21:18 > 0:21:20- Wow!- This room is huge.
0:21:20 > 0:21:22- It's a good room, this. - A very good room.
0:21:22 > 0:21:27Again, there's really not a lot you'd change. Maybe the curtains.
0:21:27 > 0:21:29A bit flowery, but that's only my personal taste.
0:21:29 > 0:21:32- That view is stunning, of the harbour.- Great.
0:21:32 > 0:21:37- Imagine it in two years' time. Full of Olympic yachts. - All the light in here.
0:21:37 > 0:21:39Imagine it on a sunny day.
0:21:39 > 0:21:42Another very good sized room.
0:21:42 > 0:21:44It is.
0:21:45 > 0:21:49- Nice twin.- What more can you say about the view?
0:21:49 > 0:21:52That view is definitely to die for.
0:21:52 > 0:21:57Especially in the summer, on a nice hot day. An ice cream on the beach.
0:21:57 > 0:21:59That's your website room. Right there.
0:21:59 > 0:22:05Take a picture of that room, the view from that window, and people would book from that website page.
0:22:05 > 0:22:12- Another room here.- This is a double. - They're all similar style, decor.
0:22:12 > 0:22:17- Very similar. - Neutral but with a touch of... - This one's a bit smaller,
0:22:17 > 0:22:21- but still quite a good size. - They're roughly the same size.
0:22:21 > 0:22:23I think it's great, I really do.
0:22:23 > 0:22:28The one thing you can do when you have slightly smaller rooms is have incremental pricing structure.
0:22:28 > 0:22:33So that amazing room of yours, if you have it so people can request that particular room,
0:22:33 > 0:22:37you can put a premium on it and it'll help you sell your cheaper rooms
0:22:37 > 0:22:40- because you're giving people a discount.- Ah!
0:22:40 > 0:22:45Right. We've seen all the guest accommodation.
0:22:45 > 0:22:48This is going to be the domestic domain.
0:22:49 > 0:22:51Oh!
0:22:56 > 0:22:59- This is a great kitchen. - This is awesome.
0:22:59 > 0:23:02I can't help it. I just feel like... I can't believe...
0:23:02 > 0:23:05that this is so much what we wanted!
0:23:05 > 0:23:08- This is what you had in mind? - It's like we've hit the jackpot.
0:23:08 > 0:23:10I think Carole's crying!
0:23:10 > 0:23:12Yeah, but they're good tears.
0:23:12 > 0:23:15This is exactly what she asked for.
0:23:15 > 0:23:18- It's bringing out all her emotions. - I hope so.
0:23:18 > 0:23:21I won't say anything else, or else I'll cry again!
0:23:23 > 0:23:26- Simon, I love you.- Come here.
0:23:28 > 0:23:30No, it's brilliant.
0:23:30 > 0:23:33I just hope we've not got her hopes up too much.
0:23:33 > 0:23:38The reason why we can show her something like this
0:23:38 > 0:23:41is the fact that there are massive compromises.
0:23:41 > 0:23:46- But hopefully not a compromise too far.- Hopefully.
0:23:46 > 0:23:48Oh, wow!
0:23:48 > 0:23:50This is good.
0:23:50 > 0:23:51This is...
0:23:51 > 0:23:54huge.
0:23:54 > 0:23:56- There's your office space. - Proper office space.
0:23:56 > 0:24:02Don't have the view down here, but that's not a problem when you're upstairs all day!
0:24:02 > 0:24:05This is like a little conservatory.
0:24:05 > 0:24:08The utility room.
0:24:08 > 0:24:10Washing machine, tumble drier.
0:24:10 > 0:24:14A pathway out the back. I guess that leads out onto the marina.
0:24:14 > 0:24:16What's happened here is, fantastically,
0:24:16 > 0:24:20they've done up the main bedrooms, the working part of the business.
0:24:20 > 0:24:24There's plenty of opportunity to now look at the ground floor
0:24:24 > 0:24:27and lower ground floor and think, "How can this work for us?"
0:24:27 > 0:24:31- OK.- This is a nice little area here. - Yes, you could...
0:24:31 > 0:24:34It's a small area, but you could do quite a lot with this.
0:24:34 > 0:24:37You could have herbs growing in pots.
0:24:37 > 0:24:40- I'm quite impressed with this one. - I think he's cracked it.
0:24:40 > 0:24:43- You like it, don't you? - I'm really pleased with this.
0:24:43 > 0:24:45I'm really pleased with this.
0:24:48 > 0:24:49Hmm.
0:24:49 > 0:24:52Jay and Carole, particularly you, Carole,
0:24:52 > 0:24:54- that got quite emotional.- It did.
0:24:54 > 0:24:57- Yes.- Do you know the phrase,
0:24:57 > 0:24:59"Too good to be true"?
0:24:59 > 0:25:01Why do you think that is?
0:25:01 > 0:25:04Well, first of all, it's got to be leasehold.
0:25:04 > 0:25:07- Right.- Not freehold. - You've hit the nail on the head.
0:25:07 > 0:25:09It comes at a compromise, as you know.
0:25:09 > 0:25:11This ticks all of your boxes,
0:25:11 > 0:25:15but the lease isn't the worst lease in the world. It's a council lease.
0:25:15 > 0:25:19Council leases, in my experience, are some of the better leases.
0:25:19 > 0:25:23Councils never want to take over the property back themselves.
0:25:23 > 0:25:25Now, as it stands,
0:25:25 > 0:25:27it's a rolling ten-year lease
0:25:27 > 0:25:31with six years unexpired, or in layman's terms, six years remaining.
0:25:31 > 0:25:33Now, the rent you pay at the moment
0:25:33 > 0:25:37is quite a beneficial £15,000 a year.
0:25:37 > 0:25:40You surprise me. I thought it'd be more than that.
0:25:40 > 0:25:46Exactly. And the other bonus is it's an internal repairing and insuring lease.
0:25:46 > 0:25:49Normally, it's a full repairing and insuring lease
0:25:49 > 0:25:52and you have to look after everything.
0:25:52 > 0:25:56The council, as landlords, look after the externals of this property.
0:25:56 > 0:25:59- So 15 grand... - That's not bad at all, actually.
0:25:59 > 0:26:01I'm quite surprised.
0:26:01 > 0:26:04And you should have what they call security of tenure.
0:26:04 > 0:26:06You should have a protected lease,
0:26:06 > 0:26:10which means at the end of this ten years, you get another ten-year lease.
0:26:10 > 0:26:14- It should be in and around the £15,000.- Under the original...
0:26:14 > 0:26:15Protected by law.
0:26:15 > 0:26:20So the asking price of this lease takes into account that it's got a low rent,
0:26:20 > 0:26:24takes into account all the fixtures and fittings,
0:26:24 > 0:26:27and it takes into account not only its position,
0:26:27 > 0:26:30but a great amount of goodwill.
0:26:30 > 0:26:35This has a very strong turnover and that's reflected in the asking price.
0:26:35 > 0:26:37Right. OK.
0:26:37 > 0:26:41All the facts and figures Jonnie's given us, take them all on board.
0:26:41 > 0:26:45And try and work out how much this place is on the market for.
0:26:47 > 0:26:50Who's going first? Jay, let's put you on the spot.
0:26:50 > 0:26:57OK. I'd have a rough guess, probably about 340, I would say.
0:26:57 > 0:26:58Carole?
0:26:58 > 0:27:02Let's go slap bang down the middle. 300.
0:27:03 > 0:27:06Jay, you were very conservative on the last one
0:27:06 > 0:27:09and this one, you've got a measure of all this now. You're closest.
0:27:09 > 0:27:14- Right.- Well done.- It's actually on the market for £330,000.
0:27:14 > 0:27:16Right.
0:27:16 > 0:27:20So bearing in mind you'd need a lot of cash to secure this place,
0:27:20 > 0:27:22what do you think about that?
0:27:22 > 0:27:26Definitely let's investigate the financial side of it further.
0:27:26 > 0:27:30We will have a good cash deposit.
0:27:30 > 0:27:32- There's an awful lot to think about there.- Yes.
0:27:32 > 0:27:37Tell you what, you've got time to think about that before we confuse you even more
0:27:37 > 0:27:40- with, Jonnie...- The Wild Card! - This way! Come on!
0:27:43 > 0:27:46OK, if I used the word "rambling",
0:27:46 > 0:27:49it wouldn't be referring to me on a Friday night. No,
0:27:49 > 0:27:53it'd be referring to the size of today's Wild Card.
0:27:53 > 0:27:56And what a beauty. There's 11 letting rooms
0:27:56 > 0:28:00and more space than you can shake a stick at. There's a garden,
0:28:00 > 0:28:03parking, no less, and a strong commercial set-up.
0:28:03 > 0:28:08With gorgeous architecture, it's a serious contender. Price? Say no more.
0:28:08 > 0:28:12Goodness gracious me, Carole and Jay. If it is not
0:28:12 > 0:28:14an old vicarage. How wild is this?
0:28:14 > 0:28:16- I'm gobsmacked.- This is stunning.
0:28:16 > 0:28:19What we've got is an up-and-running business.
0:28:19 > 0:28:22It's got more letting rooms than you can shake a stick at.
0:28:22 > 0:28:27It's got loads of car parking here. And we're only five minutes' walk to the beach.
0:28:27 > 0:28:30That is half the reason it's the Wild Card.
0:28:30 > 0:28:33- We know you had your heart set on sea views.- Right.
0:28:33 > 0:28:37Spoilt you with Property Two. But look at this building. Look at the details.
0:28:37 > 0:28:43On top of those beautiful pieces holding up the windows. It's just gorgeous.
0:28:43 > 0:28:47The big question is, can you see yourselves running such a big operation?
0:28:47 > 0:28:51- The size does worry me, but... - Size isn't everything - so I hear!
0:28:52 > 0:28:55- We shall see.- Yes, you will see. We haven't got time for this chat
0:28:55 > 0:28:58because you're right, Jay. The size may worry you.
0:28:58 > 0:29:01It's going to take you for ever to look round this place.
0:29:01 > 0:29:05Get in and enjoy. Give us your thoughts. See you in a minute.
0:29:08 > 0:29:11- Look at this lovely tiled floor. - Beautiful.
0:29:11 > 0:29:14It's a real entrance hall, isn't it?
0:29:14 > 0:29:17It is a beautiful, beautiful Minton tiled floor.
0:29:17 > 0:29:19Original, irreplaceable.
0:29:19 > 0:29:22We'd better look upstairs first. See the guest accommodation.
0:29:22 > 0:29:28- Yeah, that's the most important. - Dive up here first, cos that's important, isn't it?
0:29:28 > 0:29:30Good idea.
0:29:30 > 0:29:32The thing about this business,
0:29:32 > 0:29:36it doesn't have the harbour and sea views to rival your property,
0:29:36 > 0:29:39but the size of these rooms is fantastic.
0:29:39 > 0:29:41Grandeur, it has. Grandeur.
0:29:41 > 0:29:43I say, a four-poster bed!
0:29:43 > 0:29:46- Yeah. Wow.- Look at this.
0:29:46 > 0:29:48Two singles and a big double.
0:29:48 > 0:29:51- Four-poster.- Fireplace, look.
0:29:51 > 0:29:52Original, I'd imagine.
0:29:52 > 0:29:56- It's amazing they haven't been ripped out over the years. - Incredible.
0:29:56 > 0:30:01That is mainly because until 1940, this property was in the hands of one family.
0:30:01 > 0:30:04Yes. And now it's been in the hands of an institutional landlord
0:30:04 > 0:30:08so you can't make changes to the property without the landlord's consent,
0:30:08 > 0:30:11so preserving this glorious building.
0:30:11 > 0:30:13Right, what have... Ooh.
0:30:13 > 0:30:17Similar to the other one but obviously a smaller room.
0:30:17 > 0:30:20- Nice size en-suite in there. - A bigger en-suite, yes.
0:30:20 > 0:30:22Nicely decorated.
0:30:22 > 0:30:24Yeah.
0:30:25 > 0:30:28Put up a guest in here quite comfortably.
0:30:28 > 0:30:31It's intriguing cos it's all kind of split level.
0:30:31 > 0:30:35Three properties. Potential, character features and views.
0:30:35 > 0:30:38I think it'll be a battle between head and heart.
0:30:38 > 0:30:40- I know which one I'd go with.- Go on.
0:30:40 > 0:30:42- Heart?- Yes.
0:30:42 > 0:30:45- That's why you're not in business. - That's true.
0:30:45 > 0:30:48Ooh, a whole corridor of rooms. My goodness!
0:30:50 > 0:30:52Go round here.
0:30:53 > 0:30:55- Nice room.- This is a twin room.
0:30:55 > 0:30:59This is not en-suite, this one. Just a washbasin.
0:30:59 > 0:31:01This is a double.
0:31:01 > 0:31:03Quite a large double, as well.
0:31:04 > 0:31:06And this one's en-suite.
0:31:08 > 0:31:11- A WC and a shower room. - That's good.
0:31:11 > 0:31:13Got another room here.
0:31:16 > 0:31:17Again,
0:31:17 > 0:31:19good size.
0:31:19 > 0:31:23It's a partial en-suite. Just got a shower and a sink.
0:31:23 > 0:31:28If there's one area in which this place falls down, it's that half the bedrooms aren't en-suite.
0:31:28 > 0:31:31I'm quite impressed with the rooms.
0:31:31 > 0:31:33- Yes.- They're a very good size.
0:31:33 > 0:31:35This is a huge hall.
0:31:36 > 0:31:40OK. Ah, we have a proper lounge area.
0:31:40 > 0:31:43- Lounge, meeting area.- Excellent.
0:31:43 > 0:31:46That fireplace is beautiful.
0:31:46 > 0:31:50- Look at the ceiling.- The ceilings in here.- Proper Artex ceiling.
0:31:51 > 0:31:53Fantastic, isn't it?
0:31:53 > 0:31:57- And here we have the dining room. - Again, look at the ceiling.
0:31:57 > 0:31:59These ceilings are just amazing.
0:32:00 > 0:32:03In both the front lounge and the dining room,
0:32:03 > 0:32:05you have the original ceiling roses.
0:32:05 > 0:32:08- Yep.- Absolutely beautiful.
0:32:08 > 0:32:10What was their practical function, Jonnie?
0:32:10 > 0:32:12Ceiling roses? I don't know.
0:32:12 > 0:32:14There you go. If you look closely,
0:32:14 > 0:32:16you'll see black gaps amongst the patterns.
0:32:16 > 0:32:21- Yes.- They were ventilation shafts to vent all the gas
0:32:21 > 0:32:25from the old oil lamps out into the floor space and out of the building.
0:32:25 > 0:32:26- I didn't know that.- There you go.
0:32:26 > 0:32:31You could actually see... If you had somewhere like this,
0:32:31 > 0:32:33you could do corporate entertainment.
0:32:33 > 0:32:36You could quite easily. Small businesses.
0:32:36 > 0:32:41- Here we are. Good Lord. - A big kitchen.
0:32:41 > 0:32:45- A big kitchen with stainless steel worktops.- Which is what you want.
0:32:45 > 0:32:48- It's a bonus.- This is the bain marie, to keep food warm.
0:32:48 > 0:32:52- Again it's high ceilings. - High ceilings.- Big room.
0:32:52 > 0:32:55This is like Upstairs Downstairs, isn't it?
0:32:56 > 0:33:01All the pans along the sill. A bell for each room. Ding!
0:33:01 > 0:33:03- 11 bedrooms, did we say? - 11 bedrooms.
0:33:03 > 0:33:07- Fabulous lounge, enormous dining room.- Agreed.- Amazing kitchen.
0:33:07 > 0:33:09- Correct.- We haven't finished yet.
0:33:09 > 0:33:11Let's look at the owners' accommodation.
0:33:11 > 0:33:14It must be in here cos it's got "Private" on the door.
0:33:14 > 0:33:18- So we have... Oh, right. - A little greeting hall.
0:33:18 > 0:33:20We have a large bedroom.
0:33:21 > 0:33:26It's a huge double room. They have their office space in here as well.
0:33:26 > 0:33:28I think... I mean, I...
0:33:28 > 0:33:33- I wouldn't rule out...- I'm still a bit doubtful about this,
0:33:33 > 0:33:37because I can't see it's going to be within our budget
0:33:37 > 0:33:41without one humungous fly in the ointment somewhere.
0:33:41 > 0:33:43Or even an eagle in the ointment.
0:33:46 > 0:33:49So you think you've seen it all,
0:33:49 > 0:33:53then suddenly, we get a self-contained apartment.
0:33:53 > 0:33:55Right!
0:33:56 > 0:33:58Come right in and have a good look at it.
0:33:58 > 0:34:01Heavens above to Murgatroyd!
0:34:01 > 0:34:05- This is a... A flat on its own, isn't it?- Yes.
0:34:05 > 0:34:07It's completely self-contained
0:34:07 > 0:34:10and the owners rent this out on a long-term basis
0:34:10 > 0:34:14- for £150 a week.- Right. - But that's not all.
0:34:14 > 0:34:20Because the opposite side of the building is another self-contained apartment but with two bedrooms
0:34:20 > 0:34:23- and they get £200 a week.- Right.
0:34:23 > 0:34:27I was thinking, to make this your dream business proposition,
0:34:27 > 0:34:32you could maybe have this small apartment to yourself for one of you guys
0:34:32 > 0:34:35and the other has the existing owners' accommodation
0:34:35 > 0:34:37so there's still an apartment to let.
0:34:37 > 0:34:41You've got enough space to have your own identity and your own home,
0:34:41 > 0:34:45and you've still got an 11-bedroomed guest house.
0:34:45 > 0:34:48- Yeah, definitely!- That's what you call multiple options.
0:34:48 > 0:34:51Here's the architect! Enjoy yourself?
0:34:51 > 0:34:55Are you talking money again? I've been enjoying the beauty and history of this place.
0:34:55 > 0:34:57- Christopher Wren!- Listen,
0:34:57 > 0:35:02a bit of history which is always nice to have with a hotel or B&B,
0:35:02 > 0:35:09once upon a time, the architects of this place employed a certain young fellow called Thomas Hardy.
0:35:09 > 0:35:12- Ring any bells?- Slightly. - Far from the Madding Crowd.- Indeed.
0:35:12 > 0:35:14There's potential all around here.
0:35:14 > 0:35:17- Hmm.- Absolutely.- Yeah. How much is this place, then?
0:35:17 > 0:35:22- Ooh, how much indeed!- Don't even... - Come here.
0:35:22 > 0:35:23- Come on, come on.- It's not fair!
0:35:23 > 0:35:25Stay with us. Yes, it is.
0:35:25 > 0:35:31- Your budget is £300,000. I'll give you one clue about this place.- Yeah.
0:35:31 > 0:35:36It's leasehold. OK? I think that's worth bearing in mind at this point.
0:35:36 > 0:35:37OK?
0:35:37 > 0:35:40- I'm going to put you on the spot, Carole.- Oh, thanks(!)
0:35:41 > 0:35:46- She looks defeated!- I am defeated. Just for once, I'm lost for words.
0:35:46 > 0:35:48I'll say 350, then.
0:35:48 > 0:35:50350. OK, Jay?
0:35:50 > 0:35:53- 380.- 380!
0:35:53 > 0:35:54Well...
0:35:56 > 0:35:58Got some bad news, really.
0:35:59 > 0:36:01You've lost, at 380.
0:36:01 > 0:36:04But the good news is... it's 150 grand.
0:36:05 > 0:36:07No! Get out!
0:36:07 > 0:36:10It's 150. You get out! It's 150 grand.
0:36:10 > 0:36:14So the lease is six weeks and it's renewable every ten minutes and it's...
0:36:14 > 0:36:19We've looked into the lease. The lease is a rolling ten-year lease,
0:36:19 > 0:36:23just like the last one in Property Two. It's a private landlord.
0:36:23 > 0:36:28The rent is just over 14 grand a year.
0:36:28 > 0:36:32And there's eight-and-a-half years remaining on this rolling lease.
0:36:32 > 0:36:35So it's a similar situation as Property Two,
0:36:35 > 0:36:40yet it's less than half the price and loads more bedrooms
0:36:40 > 0:36:41and two extra flats.
0:36:41 > 0:36:45We've shown you three very different propositions.
0:36:45 > 0:36:47You now have the unenviable task
0:36:47 > 0:36:51of working out which one you'd like to spend more time in.
0:36:51 > 0:36:55Go off and put your heads together and come up with a decision. Off you go.
0:36:55 > 0:36:58Or bang our heads together! Taxi!
0:36:59 > 0:37:01- I don't know which one I'd choose. - Neither do I.
0:37:01 > 0:37:05Whilst they make that incredibly difficult decision...
0:37:05 > 0:37:10..here is an example of a re-run that was today's three bed and breakfasts.
0:37:12 > 0:37:15Will the mellow yellow Property One entice them back?
0:37:15 > 0:37:19It has six letting rooms, is beautifully decorated and it's freehold.
0:37:23 > 0:37:26Or will number two, the gorgeous Georgian do it?
0:37:26 > 0:37:31Sea and harbour views to die for, nine letting rooms, leasehold, but what a proposition.
0:37:33 > 0:37:37Or can the Victorian splendour of the Wild Card draw them in?
0:37:37 > 0:37:41Acres of space, 11 letting rooms and with plenty of potential.
0:37:48 > 0:37:53Goodness gracious me! The Wild Card clearly wins again.
0:37:53 > 0:37:55What made you choose it?
0:37:55 > 0:38:02I think because it's the sort of place where we can put into play
0:38:02 > 0:38:03a lot of the ideas we had.
0:38:03 > 0:38:05It's got a lot of potential.
0:38:05 > 0:38:07And it's so versatile.
0:38:07 > 0:38:11- There's so many different ways you can play this machine.- Flexibility.
0:38:11 > 0:38:16That's right. I could just see what we could potentially do with each room as we went round.
0:38:16 > 0:38:18It's a great opportunity for you guys,
0:38:18 > 0:38:21to test drive this, to try before you buy.
0:38:21 > 0:38:24Before you do that, Mr O'Brien has some wise words to impart.
0:38:24 > 0:38:28Indeed. Some wise words imparted on us from our eagle-eyed surveyor.
0:38:28 > 0:38:34He's given this place the once-over. It's not legally binding. If you go ahead with any property,
0:38:34 > 0:38:37always get all your full searches and surveys done.
0:38:37 > 0:38:44Let's take an example. All the windows at the rear of this property are shot to bits.
0:38:44 > 0:38:46There's pointing needing doing.
0:38:46 > 0:38:50The roof needs a bit of upkeep. Bits and pieces all over the place.
0:38:50 > 0:38:53If you buy a hotel, normally 6% of your turnover
0:38:53 > 0:38:56will be spent on repairs and renewals.
0:38:56 > 0:38:59You can double that, probably put another ten per cent on top
0:38:59 > 0:39:01because this property needs TLC.
0:39:01 > 0:39:04The difference between buying this freehold or leasehold
0:39:04 > 0:39:06is quite dramatic.
0:39:06 > 0:39:08There's a schedule of dilapidations.
0:39:08 > 0:39:13There's a list, and the owner of this property, the freeholder, wants this property back
0:39:13 > 0:39:17in exactly the same condition as when they leased it.
0:39:17 > 0:39:20So if they come round and say they want those windows done now,
0:39:20 > 0:39:22you do those windows now.
0:39:22 > 0:39:26- Bear it in mind. So go into this with your eyes open.- OK?
0:39:26 > 0:39:30We don't often say this to people who help us in this programme, but get lost!
0:39:30 > 0:39:35Get lost in that gorgeous property and we'll see you in a while. Enjoy!
0:39:35 > 0:39:39- We will!- What?- He's a chef. They're test driving.- Yeah.
0:39:39 > 0:39:43Why doesn't he see what the kitchen's like by cooking us a big fry-up?
0:39:43 > 0:39:46I know what you're thinking! Get in there!
0:39:50 > 0:39:54Look at that! All laid out ready. I'm starving!
0:40:06 > 0:40:08Where's Carole?
0:40:08 > 0:40:11Is she doing some marketing?
0:40:12 > 0:40:15Oh, there she is! Lending support with the beans.
0:40:22 > 0:40:26- Where did you get the cup of tea from?- If you didn't order one!
0:40:28 > 0:40:30Look, I'm starving.
0:40:30 > 0:40:32Relax.
0:40:34 > 0:40:38SAVOURS HIS TEA Don't milk it!
0:40:42 > 0:40:45Eating breakfast with you has got to be one of the worst...
0:40:45 > 0:40:47SLURPS TEA Can you not?
0:40:49 > 0:40:52Hello! Stand by your beds!
0:40:52 > 0:40:54- Morning!- This looks very nice.
0:40:54 > 0:40:56- Look at that!- Enjoy!
0:40:56 > 0:40:58Um... I'm veggie.
0:40:58 > 0:41:01- You're veggie?- Yeah.- Brilliant.
0:41:01 > 0:41:05That's that sorted out, then. But listen,
0:41:05 > 0:41:11how did it feel? You've come back, had a look round this enormous place. Daunting or comfortable?
0:41:11 > 0:41:14Bit of both, really.
0:41:14 > 0:41:17- Hmm.- But more the latter, I would say. More comfortable.
0:41:17 > 0:41:18Really?
0:41:18 > 0:41:22- Could you see yourself running such a huge operation?- Yeah.
0:41:22 > 0:41:26- Yes.- I think so. It's kind of comfortable. Yes, it is kind of comfortable.
0:41:26 > 0:41:29It sort of almost feels like home.
0:41:29 > 0:41:34Does it really? It's got to be a home. We've focused so much on businesses today.
0:41:34 > 0:41:36But really, you've got to feel at home here
0:41:36 > 0:41:40and of all three properties, this gives you space to have a proper home.
0:41:40 > 0:41:42- Indeed, yes.- Exactly.
0:41:42 > 0:41:46OK, then, let's ask the question before you put another scoop of food inside!
0:41:46 > 0:41:49- Do you want to buy...- Or not to buy?
0:41:50 > 0:41:57I think we do. We will obviously have to go into a lot of the financial details
0:41:57 > 0:41:59- and other aspects...- Of course!
0:41:59 > 0:42:02- But essentially...- ..before making a major decision. But yes.
0:42:02 > 0:42:06- Yes! Fantastic!- So this is a very, very exciting time, then, Jay?
0:42:06 > 0:42:08Absolutely. Definitely.
0:42:08 > 0:42:12You've got a lot of work to do, a lot of preparation, a lot of due diligence.
0:42:12 > 0:42:15But I'm so glad you've found somewhere you want to pursue.
0:42:15 > 0:42:20If you carry on serving food as good as this for your next 20,000 breakfasts,
0:42:20 > 0:42:24you'll be onto a winner, because it's all word of mouth in this trade.
0:42:24 > 0:42:29And so many people book guest houses like this on the fare you serve at breakfast.
0:42:29 > 0:42:32- I would. I love it. Well done. - We'd better get going. Come on.
0:42:32 > 0:42:36- And it's thanks to you guys, as well.- My pleasure.- No problem.
0:42:36 > 0:42:40- Can I bring this with me? You won't miss a plate.- No.- Go for it!
0:42:58 > 0:43:00Subtitles by Red Bee Media Ltd
0:43:00 > 0:43:03E-mail subtitling@bbc.co.uk
0:43:25 > 0:43:28Subtitles by Red Bee Media Ltd