Castletown, Portland, Dorset, DT5

Investment Opportunity: Former Public House, Portland DT5 1BD
Located in the vibrant coastal town of Portland, DT5 1BD, this former public house presents an exceptional investment opportunity.

Nestled amidst scenic landscapes and offering panoramic sea views, this property boasts historical charm with an inviting façade and spacious interiors.

Portland is increasingly popular as a seaside getaway, making it an ideal location for hospitality-driven businesses. The influx of tourists and regular visitors ensures a steady stream of potential customers. Proximity to local attractions such as Portland Bill Lighthouse, Chesil Beach, and the Jurassic Coast World Heritage site further enhances the property's appeal.




This property is being sold by conditional online auction. Unlike a private treaty sale (i.e. private
negotiated sale), the property will be sold via an online auction and at the end of the auction, the
highest bidder and seller contractually commit to progress the sale (which remains subject to
contract) within a specified period, giving both parties commitment and more certainty that the
transaction will proceed.
To see the current highest bid price, auction end date or length of exclusivity period, or, to log in
or register to bid, please visit the property page on the agent's own website.
 
The auction bidding window will end at the time and date stated on this property's page on the
agent's website. At that point, a reservation fee will be paid by the highest bidder, giving them an
exclusive period of time in which to exchange contracts and complete the transaction, during which
the seller agrees not to take steps to sell the property to anyone else. The reservation fee is non-
refundable and for this property is £6,500.00 Inclusive of VAT. Reservation Fees do not contribute
towards purchase prices (or deposit payments), although they will be considered as part of the
chargeable consideration for the property in the calculation of stamp duty liability.
 
Occasionally, the seller of the property may charge additional fees, listed in the Special Conditions of
Sale, which will be available to view within the Legal Pack. We strongly recommend that you read
the Legal Pack carefully before bidding and obtain independent legal advice, where necessary.
 
Contracts do not exchange immediately at the end of the auction period and can take place when
you are ready, also allowing you time to raise a mortgage if you require one. The exclusivity period
granted to the highest bidder is, however, time limited (note the length of this period will vary from
property to property) and should you not exchange contracts and complete the transaction within
this period, the seller shall be entitled to take steps to sell the property to a third party. The
exclusivity period for this property is 28 days from the end of the auction. If you feel that you would
require more time than this, please enquire with the agent before you place a bid, as the seller may
be able to offer some flexibility.
 
Each property sold is subject to a reserve price - only offers in excess of the reserve price shall be
accepted. The reserve price will be within 10% of the guide price. The guide price is provided as an
indication so that a bidder can consider whether or not to pursue their interest.  
All of our conditional online auctions are subject to our Bidder Terms, available at

NB - if you are interested in placing a bid for this property, you will need to register on the
Auction Website via the link in the Bidding Window. There are several steps to complete for the
registration including an ID check. It is recommended that you register asap to avoid
disappointment but please note that bidder registration closes 24 hours before the end of the
auction.