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Retail Property (high street) for sale

St Mary Street, Weymouth, Dorset, DT4 8PB

Sold STC £20,000

Property Description

Full description

Tenure: Leasehold

For Sale a long established leasehold cafe business in central Weymouth with a 2 bedroom owners flat above.

The premises are located close to the beach in the main pedestrian thoroughfare of St Marys Street opposite Animal Clothing and close to Marks and Spencers and Barclays Bank.

The current rent is £21,000pa on the basis of the remainder of a 15-year lease expiring 13 Feb 2020, but renewable under the Landlord and Tenant Act 1954. (The landlord has stated he would allow for a new 15-year lease at the outset).

The premises have been trading for a number of years below the vat threshold as a lifestyle choice and are now for sale to include the usual cafe chattels such as coffee machine, fridges, oven, etc.

Upstairs are customers wc's and a self-contained 2 bedroom flat over 2 levels (furniture not included).

The property benefits from outside seating by ways of a council pavement licence at a cost of £350pa.

In all there is room for approximately 30 covers inside and out.

Stock at Value on completion.

Rate Rv £13,750 (some SBR discount)
Flat Band A

The premises are situated in St Mary Street close to the landmark Kings Statue at the northern end of the pedestrian parade and within minutes of the beach.

Currently used as a café it is easily accessible with public car parks and close to the beach, Quay, visitor attractions, guest houses and hotels.

Weymouth is a bustling lively seaside resort providing a comprehensive range of shopping and educational facilities. The town area is edged by the Georgian Esplanade, a large sandy beach as well as a picturesque inner harbour surrounded by a number of eateries and cafes/bars.

The A354 to Weymouth links from the Bournemouth A31 and Exeter A35 main truck roads. Rail services to the town from Bristol Templemeads and London Waterloo.

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