A substantial grade two listed building. Situated in the City Centre of Exeter on a full repair and insure lease. It is let to Mecca Bingo for a term expiring on the 28th September 2021 at a rent of £219,006 per annum.
- Comprising 20,255 sq ft - Site area 0.585 acres - Potential for alternative use subject to relevant planning consents.
Guide Price £2.5 million – Freehold
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12, North Street, Exeter, EX4 3QS
Type: Leisure Property, Licensed & Leisure
12 North Street, EX4 3QSGBExeterDevonEX4 3QS12, North Street
Church, separate hall and various meeting rooms Circa 160.93 sq m (1,731 sq ft) Total site area circa 0.117 hectare (0.290 acre) Suitable for social and community uses (D1 Planning) No burials or graves
The existing property is a 3 storey building comprising a pub across basement and ground floor level and a 23 room Hotel across first and second floor extending to 10,200 sqft GIA.
The property is located on Woolwich Road and is approximately a 2 minute walk from Charlton Overground Railway Station which provides services into London Bridge in 22 minutes.
The building is situated on a landmark corner plot and is a 2 minute walk from Charlton Athletic Football Club (The Valley) with seating capacity for 27,111 and hosting regular matches.
Planning permission was granted in August 2017 for 8 x flats and 2 x commercial units. Planning reference: 15/2272/FUL.
Planning permission has been submitted utilising the same massing as the approved residential scheme for the conversion of the existing hotel and construction of a third floor to create a 60 room hotel and retention of the original pub at ground floor level. Planning reference: 18/2673/F.
The proposal involves conversion of existing hotel with side extension and erection of an additional floor to accommodate 60 hotel rooms. At ground floor level the public house will be refurbished, with the smaller function room being converted into additional hotel rooms. The remaining ground floor will comprise 12 x rooms . There will be 17 x rooms at both first and second floor and 14 x rooms at roof level.
The proposal will extend to 17,771 sqft GIA.
We are aware that the existing hotel charges a blended rate of £60 per night giving the hotel an ERV of c. £503,000 pa. Based on Comparable evidence we are of the opinion that the 60 unit scheme finished to a good specification would be able to achieve a blended rate per night of £120 giving it an ERV of £2,628,000. (this is based on 100% occupancy).
The property is available freehold with vacant possession.
We are aware that the property is not elected for VAT.
PUB AND 23 ROOM HOTEL WITH POTENTIAL TO INCREASE TO 60 ROOMS
The property comprises of a site of 0.429 acres (0.174 hectares), and is generally regular in shape with an even topography. Please refer to our Ordnance Survey extract which delineates the boundary of the site for sale.
The building is a detached Grade II Listed building arranged over two floors. Elevations are of rendered brick work with single glazed sash fenestration at the front and UPVC at rear, beneath a variable pitched clay tiled roof. There is single storey extension at the rear of the main building.
The property is a Grade II Listed building, originally designed as the Royal Southern Yacht Club in 1846 and benefits from many period features. Bugle Street is one of the oldest streets within the old walled city.
The property is currently arranged over basement, ground, first, second and third floor levels and is vacant requiring internal refurbishment.
The interior, though previously used as offices for the Southampton University Air Squadron, still retains most of its original features. The entrance hall is dominated by two large carved doors and the high ceiling has intricate wood carvings. The main rooms on the ground and first floor have large fireplaces and plaster mouldings which have remained largely untouched.
Glass doors on the ground floor open up to the semi-circular garden along Town Quay with views of the Royal Pier and ferry terminals. Doors on the first floor open to a balcony above the colonnaded porch. The central staircase is impressive in style and has a glass lantern sat centrally above which brings light into every floor.
The building is typical of Italianate architecture.
The property comprises a detached building nearest to the beach of primarily rendered stone construction. The ground floor conservatory extension fronts the beach and the road. Moving away from the beach is a detached house accessed via a first floor corridor. The house is arranged over 3 storeys and constructed of rendered stone under a pitched clay tiled roof.
To the front of the building, by the beach, is a gravelled car park comprising approximately 50 parking spaces. To the rear, behind the house, is another car park providing approximately 25 spaces.
The Property comprises a Grade II Listed farmhouse with 10 holiday cottages, reception, children’s play area and around 36.5 acres of gardens and grounds. There is also planning permission to redevelop the additional barn and shed to provide 10 glamping pods.
The farmhouse comprises 5 bedrooms, and is currently let as a holiday cottage, although it was previously used a family home. The entrance hall leads into the dining / sitting area and kitchen. There is also a second kitchen / utility room adjacent. The kitchen comprises an AGA, island unit and original features, such as granite beams, lintels, flagged floors and bread oven. Leading from the kitchen is the main lounge with wood burning stove. Through the hallway is the second lounge. Upstairs there is a master bedroom with large en suite. There are a further 2 double bedrooms, twin bedroom with a family bathroom. There is an extra double bedroom with en suite WC and additional dressing room. There is also a boot room, downstairs cloakroom and an office that can be accessed externally. To the rear of the Farmhouse is an enclosed private garden.
Guest accommodation is provided across 10 letting cottages, converted from the original buildings of Treworgie Manor, with a combination of stone, slate, exposed beams and timber trusses. All cottages provide kitchen and living areas with flat screen TVs and Wifi available throughout. Each cottage also has an external patio or balcony. The cottages have use of communal washing facilities. The Farmhouse and Warner Cottages are rated by Visit England as Gold Star self-catering accommodation. The remaining cottages are rated at 4-star.
Externally the cottages have access to barbeques, outdoor playground and playing field. Private parking is available on site. In addition there are around 33.4 acres of pasture and woodland. In total the site extends to approximately 36.5 acres.
Planning permission was granted in January 2018 under PA17/10690 to redevelop the top barn to provide 10 glamping pods. The redevelopment includes an extension to the existing parking area.
The Property is an attractive period boutique hotel with parts of the building dating back to 1650. The property has a wealth of history, previously a blacksmiths, boys school and more recently a country inn before transforming into the boutique hotel, café, bar and restaurant it is today.
Good road connectivity in and around Scorton makes the village easily accessible. The Priory is just 3.4 miles from Junction 33 of the M6 and approximately 8 miles south of Lancaster and 13 miles north of Preston. Lancaster train station is approximately 8 miles away providing a direct service to London Euston. Manchester Airport is approximately 59 miles away, offering services to the rest of the UK and beyond. The Priory is well located for all nearby attractions, including Morecambe Bay, the Forest of Bowland, Lune Valley and Blackpool Zoo.
There are seven tastefully decorated double bedrooms of varying sizes, full of charm and character that complement the historic nature of the building. The rooms are located on the ground and first floors and each have en-suites, flat screen TVs, tea and coffee making facilities and free WIFI.
On the ground floor there is a residents lounge, providing a light and relaxing area for hotel guests.
The Hotel's popular onsite restaurant offers a mixture of contemporary and traditional British cuisine proving attractive to both residents and non-residents. The restaurant is tastefully decorated to complement the original character of the building, with two centre piece wood burning fires. The restaurant has capacity to serve up to 100 covers.
The contemporary country café/bar has a relaxed ambience and is particularly popular as a resting place for walkers and cyclists who are exploring the area, as well as couples and families wishing to relax in the countryside setting. Al fresco dining is available to the front of the property, favourably located in the heart of the village surrounded by trees and the traditional stone architecture.
To the front of the Property there is an attractive outdoor seating area with a fixed canopy in the summer, making it an ideal place for al fresco dining, allowing individuals to enjoy the ambient atmosphere of the village. To the rear of the Property there is a car park with capacity for approximately 15 vehicles.
Type: Hotels, Licensed & Leisure
The Priory, Scorton, Preston, PR3 1AUGBWyre, PrestonLancashirePR3 1AU22, The Square
Caracoli occupies the end terrace single storey property which is of brick construction under a pitched tiled roof. The property benefits from a double/triple part glazed frontage.
The open plan ground floor trading area provides customer seating for 22. Features include cold food and deli counter and coffee station with retail product displays. To the rear of the property is an accessible WC and small preparation kitchen. Located at mezzanine level is storage and an office.
Located immediately outside the property on Lion and Lamb Yard is customer seating for 18. Planning permission has been granted for a branded non-illuminated retractable awning to the front elevation.
The Former Averard Hotel is located at the Eastern end of Lancaster Gate and at the end of a terrace of substantial period buildings. Built in English Baroque with French mannerist touches in the 1850s.
The former 60 room freehold hotel opened in 1925 and contains two white stucco fronted, seven storey grade II listed buildings located within the Bayswater Conservation Area.
Our client acquired the Averard Hotel with the view to complete a full refurbishment programme, however, the development has been placed on hold and the works not undertaken at this point.
The public house use ceased in January 2016. The building was stripped of all fittings and internal walls in March 2016. The property therefore provides an opportunity for a number of different uses subject to planning.
The owner is happy to provide plans for the property to bonafide interested parties upon request. Unconditional offers are invited for the freehold or alternatively rental offers for a new commercial lease.