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Celebrated Town Centre Cocktail Bar with Living Accommodation

‘Batida Bar’

36 St Thomas Street

Weymouth Dorset

DT4 8EH

LOCATION Weymouth is situated on the south Dorset coast, serving an estimated population of approximately 63,000 persons. This increases significantly during the summer months due to the high number of tourists who visit the town. Weymouth played host to the sailing events at the London 2012 Olympic Games and has seen considerable inward investment in the local infrastructure over recent years. The property occupies a prime trading location within St Thomas Street, at its junction with St Alban Street. The street is pedestrianised from this point of St Thomas Street eastwards. Nautico Lounge and Tesco Metro are located opposite. Other major names trading closeby include Iceland, Prezzo, Yates, JD Wetherspoon. Mortimers Bakers Lloyds Bank, WH Smith, Grape Tree, New Look, Specsavers, The Body Shop, Nat West, Caffé Nero, TReds, Boots, Scrivens, Ladbrokes, Reika & Clarks DESCRIPTION Following a comprehensive refurbishment of the entire property, our clients launched Batida Bar in 2017 from these attractive and characterful Grade II listed premises.

It has grown into a favourite venue in Weymouth being popular with locals and visitors alike. The property is extremely well appointed and comprises commercial space arranged over basement, ground and first floor levels together with a self-contained one bedroomed flat at second floor level. There are fully equipped bars at both ground and first floors with the basement providing good sized cellar and storage facilities. The ground floor bar features an open ceiling creating a galleried feel to the first floor bar. The bars feature hard wearing, Karndean type timber effect flooring, exposed brickwork and air conditioning. A wired fire alarm system with sprinklers is in place together with CCTV and a feature sound system. Whilst our clients run the business purely on a wet sales basis, the premises also feature a good sized and comprehensively equipped commercial kitchen which could enable the ingoing tenants to introduce a food based element to their business if desired. The premises are comprehensively equipped for the trade and a full inventory will be provided to the purchaser.

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ACCOMMODATION The accommodation with approximate areas and dimensions is as follows: Ground Floor Bar: 640 sq ft (60 sq m) Ladies Cloakroom: 3 WC’s plus 3 wash basins with soap dispensers and two electric hand dryers. Gents Cloakroom: Two urinals plus WC. Wash basin, soap dispenser and electric hand dryer. Commercial Kitchen: 84 sq ft (7.80 sq m) First Floor Bar: Not measured but estimated at c 600 sq ft (55 sq m). Basement level Office: 73 sq ft (6.7 sq m) Stockroom 157 sq ft (14.6 sq m) Beer Cellar: 211 sq ft (19.6 sq m) Racking Second Floor Flat Comfortable accommodation comprising: Entrance lobby: Lounge: 13’8” x 13’1” overall with feature fireplace. Kitchen: 10’2” x 7’3” With matching base and wall mounted units, Lanona oven & gas hob with extractor hood, stainless steel single drainer sink unit, work surfaces. Ceiling hatch to roof space. Double bedroom: 12’1” x 11’1” overall. Feature fireplace. En-suite shower room: With WC, wash basin and shower cubicle with Mira shower unit.

THE BUSINESS A vibrant and busy cocktail bar which has established itself as a firm favourite on Weymouth’s bar circuit as well as a destination venue in itself. https://en-gb.facebook.com/BarBatida/ The business is considered particularly suitable for an experienced owner occupier couple to operate. TRADING PERFORMANCE Information regarding the trading performance of the business can be provided to applicants at an appropriate stage in negotiations. TRADING HOURS A favourable Premises Licence is held and the business operates seven evenings per week closing at 2.00 am on Fridays and Saturdays and midnight or 1.00 am Sunday to Thursday. TERMS A premium of £69,950 is sought for the benefit of the leasehold interest, goodwill, trade fixtures, fittings and equipment with stock to be purchased in addition at valuation. A new full repairing and insuring lease will be granted for a term of 12 years at a commencing rent of £30,000 per annum. The rent will rise to £32,500 per annum, exclusive during years 5-8 inclusive and then to £35,000 per annum, exclusive during years 9-12 inclusive. IMPORTANT NOTE: The trading names ‘Batida Bar’ and ‘Bar Batida’ together with all intellectual property rights associated with same will be retained by our clients. Accordingly, all related signage will be removed.

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RATES According to the VOA website the assessment for this property is stated as: Public House and Premises, Rateable Value: £14,000 The small business multiplier for the year ending 31st March 2020 is 49.1p in the £. However, for properties having a rateable value of £12,001 to £15,000, eligible occupiers should qualify for Small Business Rates Relief whereby the rate will go down gradually from 100% to 0% Applicants must check their eligibility with the relevant Local Authority. For more information, visit: https://www.gov.uk/introduction-to-business-rates COUNCIL TAX The flat is assessed for Council Tax purposes as: Band B LEGAL COSTS Each party to bear their own legal costs.

FINANCE ACT 1989 Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax. Any intending purchaser or lessee must satisfy themselves as to the incidence of VAT in respect of any transaction. ENERGY PERFORMANCE ASSET RATING Energy Performance Asset Rating C (66). Full EPC available for viewing on our website. VIEWING By prior appointment via the sole agents Willis Commercial through whom all negotiations must be conducted. CONTACT Patrick Willis – 01202 887555 patrick@williscommercial.co.uk

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