For Sale £595,000 Freehold - Development, Residential, Restaurant
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.
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.
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.
Retail/Takeaway ‚Äì 329 ft2¬† (30.54 m2)
The Green Room ‚Äì (restaurant seating) ‚Äì 198 ft2 (18.35 m2) providing 14 covers.
Main Restaurant ‚Äì 339 ft2¬† (31.46 m2) providing 40 covers.
Kitchens and Bakery ‚Äì 424 ft2¬† (39.43 m2)
Separate Male and Female Public WC‚Äôs
External Courtyard Seating ‚Äì 14 covers.
Basement Storage ‚Äì 174 ft2¬† (16.18 m2)
Store ‚Äì 144 ft2¬† (13.41 m2)
First and Second Floor Flat
Ground Floor Entrance from South Street with stairs to :
Bedroom (single) ‚Äì¬† maximum width 2.05 m, maximum depth 3.90 m.
Living Room ‚Äì¬† maximum width 5.14 m, maximum depth 5.65 m.
Bathroom ‚Äì¬† maximum width 3.58 m, maximum depth 1.8 m.
Kitchen ‚Äì maximum width 4.65 m, maximum depth 1.78 m.
Stairs to :
Bedroom 1 (double) ‚Äì maximum width 4.27 m, maximum depth 4.99 m.
Bedroom 2 (double) ‚Äì maximum width 3.65 m, maximum depth 2.99 m.
Part of the second floor accommodation comprises areas of restricted height.
There is a yard and bin store area at the rear of the property.
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.
The property is Grade II Listed and in a Conservation Area.¬† It is currently used as A3 Restaurant and Caf√© 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.
The property is assessed for business rates as follows:-¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†
Shop & Premises ‚Äì Rateable Value ¬£16,250.
The flat is assessed at Council Tax Band ‚ÄòC‚Äô.
Purbeck District Council
¬£595,000 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.
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.