£395,000

Restaurant for sale

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Leasehold

£395,000

(£180.20/sq. ft)

Restaurant for sale

Unit 1, 43 South Street, Dorchester, Dorset DT1

2,192 sq. ft

Local area information

Property location

Nearby amenities

  • Sunninghill Preparatory School 0.2 miles
  • Dorchester West 0.3 miles
  • Dorchester South 0.3 miles
  • St Mary's Catholic First School, Dorchester 0.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Reduced price
  • 203 sq m ( 2200 sq ft) over two floors
  • Spacious bar/restaurant with high ceiling
  • Affluent County Town
  • Low commencing rent
  • Estimated Rates Payable: £9481
2,200 sq ft over gf/Basement former Cafe in Dorchester Town Centre For Sale/ To Let

Dorchester is the county town of Dorset located 8 miles north of Weymouth and 20 miles west of Poole. The property is situated in the prime pedestrianised section of South street with return frontage to New Street and close to pay & display car parks.

M & Co are located adjacent to the premises and many additional major name retailers will be found along South Street.

These character Grade II Listed premises formerly housed a café bar business and comprise a spacious ground floor which has been partitioned to provide a large restaurant/bar space with food preparation room and accessible WC.
A good sized basement provides male and female customer WC's + staff WC, kitchen, food prep and storage.

Ground Floor 1,160 sq ft 107.76 sq m
Basement 1,032 sq ft 95.87 sq m
Total Internal Area 2,192 sq ft 203.63 sq m

Rateable Value £15,000
Source The 2023/2024 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
To let

The premises are available by way of a new full repairing and insuring lease for a term to be agreed at a rent of £30,000 exclusive of rates VAT (if applicable) and all other outgoings in year 1, then rising by 10% per annum for each of the first 5 years when there will be provision for review.
For sale

Alternatively the premises are available for sale. They are held on the residue of a 999 year lease from 25 December 2006 at a current ground rent of £100 per annum.
Offers are invited in the region of £450,000

Service Charge:
A service charge levied to cover communal costs. We are advised that this is currently £483 per quarter.

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

Asset Rating - C65

Characterful, Prominent Town Centre Former Cafe Bar

More information

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  1. Zoopla
  2. Commercial for sale
  3. Dorset
  4. Dorchester
  5. South Street
  6. South Terrace

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