Retail premises for sale in 7 Cook Row, Wimborne, Dorset BH21

Description

For Sale - Unique Freehold Opportunity Overlooking Wimborne Minster

The attractive and historic East Dorset market town of Wimborne Minster is situated approximately 5 miles north of Poole and some 10 miles north west of Bournemouth. The town features a vibrant mixture of local and national retailers and also features a strong foody scene with a number of quality restaurants, cafes and bars.

Waitrose operates a town centre supermarket and other major names represented include Fat Face, Rohan, Crew Clothing, Seasalt, Moshulu, Wetherspoons and Phase Eight together with a good selection of independent retailers and service providers.

7 Cook Row is an excellent town centre trading location just off the High Street and facing the Minster and Minster Green.

This Grade II listed building is believed to date back to 1590 and is said to have been the oldest hostelry in the town.

The premises is well presented throughout and provides for customer seating over ground and first floor in addition to a good sized commercial kitchen at first floor level plus loft space.

The ground floor provides approximately 39 covers while the first floor provides approximately 17 covers.

The interior benefits from flag stone floors, exposed wooden beams and other period features.

The premises is currently occupied by 'Number 9 On The Green', a well-known Café locally with two locations in close proximity within Wimborne Town Centre.

Accommodation

Ground Floor
Seating Area: 500 Sq. Ft. (46.47 Sq. M.)
Food Prep/Wash Up Area: 76 Sq. Ft. (7 Sq. M.)
Customer WC
First Floor
Seating Area: 188 Sq. Ft. (17.47 Sq. M.)
Kitchen: 290 Sq. Ft. (26.95 Sq. M.)

Total NIA: 1054 Sq. Ft. (97.89 Sq. M.)

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation. Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, café, health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.

EPC Text

Asset Rating - C (54)

Rating

Rateable Value £23,500
Source

Terms

Offers invited in the region of £445,000 for the freehold interest subject to the subsisting tenancy.

Tenancy details

The property is let by way of a full repairing and insuring lease (Fri) to No 9 on the Green Limited and guaranteed by Jenkins & Sons Restaurant Limited expiring 30th November 2031 at a passing rent of £24,000 per annum, exclusive.

The lease is subject to upward only rpi linked rent reviews on 1st September 2024,2027 and 2030. There are tenant only breaks on 1st September 2024 (passed), 2027 and 2030.

It is assumed as of 1st September 2024 based on current rpi projections that the reviewed rent should be approximately £30,500 per annum, exclusive.

Premises licence

Premises Licence EDPL0192
Opening Hours:
Monday to Sunday - 9AM to 11PM
The sale by retail of alcohol for consumption on and off the premises:
Monday to Sunday - 9AM to 11PM

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.