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Saxon Arms, 20 The Square, Stratton, Dorchester, DT2 9WG

Offers in Excess of
£1,200,000

£111.53 per sq ft

Business rates & charges may apply

Savills, Southampton - Licensed Leisure
SIZE AVAILABLE

10,759 sq ft

1,000 sq m

SECTOR

Pub for sale

Key features

  • Freehold public house investment
  • Entire property let to Harbar Limited
  • Property arranged over ground and first floors
  • Current rent of £88,000 per annum
  • We are instructed to invite offers in excess of £1,200,000 (6.9% NIY)
  • Lease expires February 2038
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI
  • Business unaffected by sale

Description

Description
The property comprises the ground and first floor of a two storey detached building with stone/flint elevations beneath a pitched thatched roof.

Location
Located in the village of Stratton in Dorset, 4.0 miles (6.4 kilometres) north of Dorchester, 12.9 miles (20.6 kilometres) north of Weymouth and 27.5 miles (44.0 kilometres) west of Poole.

The Saxon Arms is situated fronting the Square in a predominantly residential area. Directly opposite is the village hall and adjacent is St Mary's Church.

Availability_text
The accommodation comprises the following areas:

Accommodation
Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating for 90 customers. Ancillary areas include customer WC's, trade kitchen, cellar and stores to the rear.

First Floor: The first floor comprises an office, en-suite staff bedroom and separate staff flat with 2 double bedrooms (one en-suite), lounge, kitchen and bathroom.

Externally: There is a terrace to the front for 80 customers with parking for 9 vehicles to the front/side.

Tenure
The property is held freehold (Title Number DT325348).

Tenancy
The entire property is let to Harbar Limited on a 20 year lease from 15th February 2018 at a current rent of £88,000 per annum which is subject to five yearly open market reviews and annual capped RPI increases at 3% per annum in February 2025 and February 2026, annual RPI increases are uncapped thereafter (except in the open market review year). A rent deposit of £21,032 is held by the landlord.

Planning
The property is not listed or situated within a conservation area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
D-84

Terms
We are instructed to invite offers in excess of £1,200,000 (6.9% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Brochures

Saxon Arms, 20 The Square, Stratton, Dorchester, DT2 9WG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dorchester West Station3.2 miles
  • Dorchester South Station3.5 miles
  • Maiden Newton Station4.1 miles

Notes

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Disclaimer - Property reference 200037-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Southampton - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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