HIGH STREET, SWANAGE

£1,900,000

Guide price

Excellent town centre redevelopment opportunity comprising substantial existing property, currently The White Horse Public House. A pre-planning application has been submitted to Dorset Council; a response is anticipated shortly. Proposed floor plans have been prepared by UX Architects to convert the building into 4x one bedroom and 1 two bedroom flats, a three bedroom maisonette with sea views and 2x two bedroom cottages with garden store, whilst retaining a commercial element on the ground floor. These plans are shown on pages 2-7 of this brochure. There is also scope to further develop the ground floor.

Location

These outstanding premises are situated in a good trading position in the commercial centre of Swanage within 50 metres of the Old Stone Quay and town square and slightly further from the Pier, seafront and beach.

Swanage lies at the Eastern tip of the Isle of Purbeck delightfully situated between the Purbeck Hills. It has a fine, safe, sandy beach and is an attractive mixture of old stone cottages and more modern properties, all of which blend in well with the peaceful surroundings. To the South is Durlston Country Park renowned for being the gateway to the Jurassic Coast and World Heritage Coastline.

Existing Building

The existing building was constructed in 1835. It is Grade II Listed and has exposed Purbeck stone with brick window surrounds to the front and cement rendering to the side and rear. There are cast iron balconies to the first floor and double hung sash windows to the first and second floors. The property stands in grounds of approximately 0.115 of an acre (0.046 of a hectare) and has forecourt parking and a garage at the rear.

The existing business is well established with various town festivals and live music boosting seasonal trade. Audited accounts are available for inspection by genuine applicants on request and has excellent revenue and profits.

Community Infrastructure Levy (CIL)

Once planning permission has been granted the purchaser would be required to pay a Community Infrastructure Levy.

VAT

We have been advised by our clients' accountant that VAT is not payable on this development, however, this must be confirmed by your conveyancer prior to exchange of contracts.

Ratable Value

£2,600

Viewing

Strictly by appointment only through Sole Agents, Corbens, 01929 422284. The postcode for this property is BH19 2LP.

Property Ref HIG1745