Brewers QuayHope Square, Newtons Road, Weymouth, Dorset, DT4 8US

Description
Brewers Quay both residential and commercial comprises of 4,712sqm (50,720 sq ft) and is set between two buildings: the main building which was once the Devenish and Hope breweries, and a smaller L-shaped building known as the Coopers building which fronts onto Devenish Square, both of these buildings are referred to as the ‘Brewers Quay Site’. There are circa 20 public car parking spaces available in addition at the rear of the property.

The site is Grade II Listed and lies within the Weymouth Town Centre Conservation Area. The surrounding area is principally residential with some development to the north around Hope Square and Hope Street comprising of a mix of shops, bars, pubs and restaurants and some residential development.

Planning permission has been granted under WP/18/00298/FUL – This comprises the alterations & conversion of existing building to provide a museum; wet weather/ exhibition space & cultural space including a cookery school - A1/ B1 and D1 uses; 3 x Class A1/ A3 units; 47x Class C3 residential units including the residential conversion of the Coopers Building and other associated works.

We detail below the areas for the proposed commercial space based on delivery to a ‘shell and core’ condition with capped services.

Delivery
Units 1 & 2 is set to complete in September 2024, with scaffolding set to be taken down January 2025. Unit 3 is set to be complete Summer 2026. The units will be let/ sold in a shell and core condition with capped services located at the rear of the unit(s).

The Scheme
Brewers Quay is a converted Victorian brewery on the south side of Hope Square near the Old Harbour in Weymouth. Much of the complex dates from 1903, when it was built as the Hope Brewery for John Groves & Sons Ltd. The property is currently undergoing extensive re-development to form commercial retail and restaurants on the ground floor with 49 residential units above over 5 floors.

At the rear of the site the developer has taken the old Newtons Cove carpark and built a selection of six townhouses, with gardens, parking & terraces, plus a block of twelve newly built apartments. Also a redevelopment of the Coopers Mews at the rear of the site into three, 2-bedroom, single-storey dwellings.

EXTERNAL AREAS
Retail Unit 2 benefits from extensive external covers (Subject to pavement licence).

Tenure
The units will be available by way of a new Full Repairing (service charge) and Insuring lease, term to be agreed. Alternatively the units can be sold as a long leasehold interest of a 999 year (peppercorn) lease.

Rental Guide
Depending on covenant strength and quantum of space, the rental guide is between £15-£20 per sq. ft.

Rateable Value
The individual commercial unit’s Rateable Value will be assessed upon completion of the development.

EPC
The EPC will be provided on completion of the works.

Viewings
For a formal viewing, strictly by appointment with Savills.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.