Attractive public house in affluent location with development potential (STP)
Description
The ground floor of the public house comprises a single open plan L-shaped trading area. There are approximately 36 covers spread across loose tables and chairs. The area to the front of the pub has a more relaxed traditional pub feel, with a more formal dining area dedicated at the side and rear. There are ladies’, gentlemen’s, and disabled WC’s located either side of the bar space.
The property has the benefit of a trade kitchen, cellar and store. These areas are located to the rear of the property. The upper floors comprise 2 bedrooms, a lounge, a kitchen and bathroom.
Externally directly to the rear of the pub is a wooden covered structure which houses a wood-fired pizza oven. Beyond this area is a lawned beer garden with circa 45 covers and to the west of this circa 25 marked car parking spaces on tarmacadam. There is also a trade area fronting the road with circa 14 covers spread across benches.
Licensing
The property has been granted a Premises Licence in accordance with the Licensing Act 2003.
The pub is licensed to open 10:00 – 02:00 and to sell alcohol 10:00 – 01:30 on weekdays and 10:00 – 02:00 on NYE. We understand that the pub has historically traded under traditional hours.
The Business
The public house has been run historically under a tenancy and therefore we are not privy to any trading information.
Tenure
Freehold with vacant possession.
Guide Price
We are seeking OIRO £350,000 for the Vendor’s freehold interest. Subject to level of offers received, the seller may seek overage for alternative uses.
VAT & Stamp Duty Land Tax
VAT and SDLT is applicable at the prevailing rate.
Planning & Conservation
The property is not listed but is located within the Wyke Conservation Area. The pub is located within settlement boundary, LA is Dorset Council.
We have inspected the website of the local planning authority, Dorset Council, which states that the statutory plan covering planning policy and development control for the area is the North Dorset Local Plan Part 1 which was adopted in January 2016.
Rating
The subject property is entered in the 2022 Central Rating List with a Rateable Value of £11,450. The Rateable Value reduces to £8,300 effective from April 2023. Please check www.gov.uk for up-to-date information on rates payable.
Fixtures & Fittings
Trade fixtures and fittings are available subject to negotiation.
EPC
The property has an EPC Rating of C68. The certificate is available to interested parties upon request.
Viewing
Formal viewings can be made strictly by appointment with Savills.
Anti-Money Laundering Regulations
Regulations require Savills to conduct various checks on purchasers and tenants. Further details are available upon request.
C (68)