FOR SALE (MAY LET) LICENSED RESTAURANT AND TEA ROOM

17 South St, Wareham BH20 4LR, UK

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For Sale £625,000 Freehold - Development, Residential, Restaurant
Tenure: FreeholdLocation: Wareham Download Property Details

OVERVIEW

A unique opportunity to acquire this property which has been in the same ownership for over 40 years.  It comprises a well established licensed restaurant and tea rooms with takeaway facilities, located in the heart of Wareham town centre.  The property includes a self-contained first and second floor 3-bedroom flat and has planning permission for the creation of an extension at the rear to create a further 2-bedroom flat.  The property is available due to retirement.

LOCATION

Located on the eastern side of South Street in Wareham town centre, the property enjoys a prominent position in the Saxon walled market town.  The town provides a range of amenities including a variety of local and national retailers, public houses and restaurants as well as the Quay which is located just to the south.  Wareham also has a mainline train station with a direct service between Weymouth and London Waterloo.

DESCRIPTION

Grade II Listed two-storey building with additional accommodation within the roof space.  The property comprises a double fronted restaurant/takeaway on the ground floor with solid brick elevations  under a pitched clay tile roof incorporating dormer windows.  A separate door from the front elevation provides access to the upper floor residential accommodation (17a South Street).

To the rear the property is predominantly two-storey with painted brick elevations and part single storey under a flat roof.  There is a courtyard seating area to the rear of the restaurant and a service yard.

ACCOMMODATION

Ground Floor

Retail/Takeaway – 329 ft(30.54 m2)

The Green Room – (restaurant seating) – 198 ft2 (18.35 m2) providing 14 covers.

Main Restaurant – 339 ft2  (31.46 m2) providing 40 covers.

Kitchens and Bakery – 424 ft2  (39.43 m2)

Separate Male and Female Public WC’s

Staff WC

External Courtyard Seating – 14 covers.

Basement Storage – 174 ft2  (16.18 m2)

First Floor

Store – 144 ft2  (13.41 m2)

First and Second Floor Flat

Ground Floor Entrance from South Street with stairs to :

First Floor

Landing

Bedroom (single) –  maximum width 2.05 m, maximum depth 3.90 m.

Living Room –  maximum width 5.14 m, maximum depth 5.65 m.

Bathroom –  maximum width 3.58 m, maximum depth 1.8 m.

Kitchen – maximum width 4.65 m, maximum depth 1.78 m.

Stairs to :

Second Floor

Landing

Bedroom 1 (double) – maximum width 4.27 m, maximum depth 4.99 m.

Bedroom 2 (double) – maximum width 3.65 m, maximum depth 2.99 m.

Part of the second floor accommodation comprises areas of restricted height.

External

There is a yard and bin store area at the rear of the property.

SERVICES                             

We understand that mains drainage, water, electricity and gas services are available and linked to the premises.  The maisonette has its own electricity and gas services with a standard gas boiler providing heating and hot water via a tank.  We are advised there is a single water supply to the entire property.

PLANNING

The property is Grade II Listed and in a Conservation Area.  It is currently used as A3 Restaurant and Café with an additional residential dwelling house.

The property has planning permission for the erection of an extension at ground and first floor levels to create a 2-bedroom flat over the existing single storey extension, which was granted on 26th March 2018 (Application No. 6/2018/0043).  Interested parties should make their own enquiries for their intended use.

RATING                                  

The property is assessed for business rates as follows:-                                                 

Shop & Premises – Rateable Value £16,250.

The flat is assessed at Council Tax Band ‘C’.

 LOCAL AUTHORITY            

Purbeck District Council

Westport House

Worgret Road

Wareham

BH20 4PP

PRICE GUIDE

£625,000 for the Freehold interest subject to contract.

Alternatively, the vendor would consider granting a new lease on full repairing and insuring terms at a rent of £19,000 per annum excluding the flat.

FIXTURES, FITTINGS AND GOODWILL                   

Fixtures, fittings and goodwill are available by separate negotiation.  Copies of the business accounts for the last three years are available upon request.

EPC                                         

The property is Grade II Listed so an EPC is not required.  The flat is assessed at Band F and a potential rating of Band D.

Property Map

Arrange a viewing - Peter J Davy

  • Office : 01202 673131
  • Mobile : 07813 090708
  • Fax : 01202 660143

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FINANCE ACT 1989

Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

IDENTIFICATION

Under Money Laundering Regulations, we are obliged to verify the identity of a proposed Tenant or Purchaser prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be sent to the proposed tenant or purchaser once terms have been agreed.

IMPORTANT NOTE

These property particulars are intended as general guidance for prospective lessees or purchasers. They do not constitute all or any part of an offer or contract. James and Sons, either for themselves or as agents on behalf of the lessor or vendor give no warranty as to the accuracy of any of the information contained herein. All descriptions, measurements, references to condition and statements as to planning use and permissions or other matter contained in these particulars are given in good faith and are believed to be correct but their accuracy is not guaranteed and should not be relied upon as fact without independent verification. No person in the employment of James and Sons has any authority to make any representations or warranty (verbal or otherwise) in respect of this property and any intending lessee(s) or purchaser(s) should make their own independent enquiry and investigations and inspections to verify the accuracy or otherwise of any information. At no time has any structural or other survey been carried out and no services or appliances have been tested. Interested parties should satisfy themselves as to the structural integrity of the property and the condition and working order of all services, appliances, fixtures and fittings.