Former New Vic PH, 41 -43 The Esplanade, Weymouth, DT4 8DH
£995,000
£572.17 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,739-7,325 sq ft
162-681 sq m
- SECTOR
Pub for sale
Key features
- Prime Weymouth seafront location
- Arranged over basement and ground floor
- Panoramic sea views
- Extensive external terrace (Subject to Pavement Licence)
- Rental offers invited
- Units to let individually or combined
- Available as one whole unit or two separate units (7,000 sq ft total)
Description
Description
The Former New Vic Inn, historically a part of the Fairhaven Hotel, a Grade II Listed building, consists of five original properties believed to have been constructed in the 19th Century. The unit is self-contained, separate from the Fairhaven Hotel. This development provided open trade space on the ground floor, with storage in the basement.
While the unit is a shell unit, the property is divided into two units that can be let together or separately, as indicated overleaf: Unit A and Unit B are delineated and labeled in red.
Adjacent to the building is an area previously used for alfresco dining during summer months. However, this space is not owned by the vendor. The usage of this area has been authorised by a pavement license from Weymouth and Portland Borough Council.
Location
Weymouth is located approximately 40 km (25 miles) west of Poole, 130 km (60 miles) west of Southampton, and 306 km (128 miles) southwest of London, with excellent road connectivity. The A354, including the Weymouth Relief Road, upgraded in March 2011, connects Weymouth to Dorchester, which is 13 km (8 miles) to the north. The town also benefits from further road links, such as the A35, leading westward to Exeter (112 km / 70 miles) and eastward to Bournemouth (42 km / 26 miles).
The urban area of Weymouth has a population of 52,323, according to the 2011 census. Of this population, 51.5% fall within the ABC1 social class groupings, which is in line with the national average of 51.1%. The unemployment rate in Weymouth is notably lower than the Great Britain average, with only 2.5% of residents claiming unemployment benefits compared to the national figure of 5.3%, highlighting the area’s relative affluence.
Weymouth has long been a popular tourist destination, dating back to Victorian times due to its history as a port. The property in question is located on the Esplanade, a prominent location surrounded mainly by commercial units and hotels, enhancing its accessibility and visibility to both locals and tourists.
Tenure
Available to let on a new institutional, (effective) full repairing and insuring lease or for sale on a new long leasehold basis (999 years).
Price/Premium/Rent
Unit A £75,000 per annum excl.
Unit B £25,000 per annum excl.
Proposal is subject to status and covenant.
Additionally, for the freehold, the guide price is set at £995,000.
VAT
VAT will be payable in addition.
Planning & Conservation
The entire site falls within Weymouth Town Centre Conservation area.
The property’s listed status is detailed in the table below:
New Vic
41-43 Esplanade Grade II Listed
Fixtures & Fittings
All loose fixtures and fittings have been removed with the exception of the bar servery. The delivery of the unit and its specification is subject to negotiation and status.
EPC
The Property is Listed and therefore, the EPC is not required.
Viewing
Strictly by prior appointment through the agents Goadsby & Savills, through whom all negotiations
must be conducted.
AML
In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.
Licensing
We outline the opening hours for the New Vic in its current format:
New Vic WPBC/PREM/05/0213 06:00-02:30 // 06:00-02:00 // 12:00-02:00
The Former New Vic Inn, historically a part of the Fairhaven Hotel, a Grade II Listed building, consists of five original properties believed to have been constructed in the 19th Century. The unit is self-contained, separate from the Fairhaven Hotel. This development provided open trade space on the ground floor, with storage in the basement.
While the unit is a shell unit, the property is divided into two units that can be let together or separately, as indicated overleaf: Unit A and Unit B are delineated and labeled in red.
Adjacent to the building is an area previously used for alfresco dining during summer months. However, this space is not owned by the vendor. The usage of this area has been authorised by a pavement license from Weymouth and Portland Borough Council.
Location
Weymouth is located approximately 40 km (25 miles) west of Poole, 130 km (60 miles) west of Southampton, and 306 km (128 miles) southwest of London, with excellent road connectivity. The A354, including the Weymouth Relief Road, upgraded in March 2011, connects Weymouth to Dorchester, which is 13 km (8 miles) to the north. The town also benefits from further road links, such as the A35, leading westward to Exeter (112 km / 70 miles) and eastward to Bournemouth (42 km / 26 miles).
The urban area of Weymouth has a population of 52,323, according to the 2011 census. Of this population, 51.5% fall within the ABC1 social class groupings, which is in line with the national average of 51.1%. The unemployment rate in Weymouth is notably lower than the Great Britain average, with only 2.5% of residents claiming unemployment benefits compared to the national figure of 5.3%, highlighting the area’s relative affluence.
Weymouth has long been a popular tourist destination, dating back to Victorian times due to its history as a port. The property in question is located on the Esplanade, a prominent location surrounded mainly by commercial units and hotels, enhancing its accessibility and visibility to both locals and tourists.
Tenure
Available to let on a new institutional, (effective) full repairing and insuring lease or for sale on a new long leasehold basis (999 years).
Price/Premium/Rent
Unit A £75,000 per annum excl.
Unit B £25,000 per annum excl.
Proposal is subject to status and covenant.
Additionally, for the freehold, the guide price is set at £995,000.
VAT
VAT will be payable in addition.
Planning & Conservation
The entire site falls within Weymouth Town Centre Conservation area.
The property’s listed status is detailed in the table below:
New Vic
41-43 Esplanade Grade II Listed
Fixtures & Fittings
All loose fixtures and fittings have been removed with the exception of the bar servery. The delivery of the unit and its specification is subject to negotiation and status.
EPC
The Property is Listed and therefore, the EPC is not required.
Viewing
Strictly by prior appointment through the agents Goadsby & Savills, through whom all negotiations
must be conducted.
AML
In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.
Licensing
We outline the opening hours for the New Vic in its current format:
New Vic WPBC/PREM/05/0213 06:00-02:30 // 06:00-02:00 // 12:00-02:00
Brochures
Former New Vic PH, 41 -43 The Esplanade, Weymouth, DT4 8DH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Weymouth Station0.5 miles
- Upwey Station2.7 miles
About Savills, Southampton - Licensed Leisure
Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZNotes
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