Pub/bar for sale in Hope And Anchor, 13 St. Michaels Lane, Bridport, Dorset DT6
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Property features
- Free of tie public house investment
- Business not affected
- Rental income £40,000 pa
- Busy pitch just off town centre
- Grade II Listed with beer garden
- Two bed flat
- Represents niy of 9.72% assuming purchase costs of 4.14%
- Freehold includes ground rents from 2 long leasehold units
Property description
A public house investment sale of the freehold land and buildings at the Hope and Anchor, St Michaels Lane. Principle building being that of a two storey end of terrace pub with ground floor trading area, first floor living accommodation and beer garden to rear. Long term tenant in situ and current rent £40,000 per annum.
Location
Bridport is a busy and well regarded market town in Dorset, close to the coast at West Bay. The Hope and Anchor is situated on the corner of St Michael's Lane and Rope Walks, close to the town centre and car parks. It is considered a strong secondary location.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net / gross internal basis.
Front entrance via lobby to public bar (10.3m x 6.2m av). Long wooden bar servery, feature fireplace and space for approx. 20 covers. Access to ladies, accessible and gents WCs. Beer cellar with rear access door. Additional trade area (4.1m x 4.1m) with access to beer garden, kitchen and pool room (4.7m x 3.7m). Kitchen (4.8m x 2.5m).
To the rear of the venue is an enclosed beer garden with space for approximately 6 benches. Off street parking for one vehicle.
The private accommodation is accessed via an external stairway with landing, WC, bathroom, lounge (3.8m x 3.2m), kitchen (3m x2.8m), bedroom (4.5m x 3.2m) and bedroom (3.6m x 2.6m).
Planning
Sui generis pub use.
Rent / Price
Guide price £395,000.
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Value is £17,500. Council tax band B. Tenant responsible for rates and council tax payable.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
C(60)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
We are advised that the property is opted to tax and VAT will apply. It is our clients intension to sell as a going investment concern.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Vickery Holman - Exeter, EX1 on +44 1392 976634 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vickery Holman - Exeter, and do not constitute property particulars. Please contact Vickery Holman - Exeter for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.