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Former Prezzo, 3-5 Bridge Street, BH23

For sale: £555,000.00|3,831 Sq Ft|Pubs/Bars/Clubs, Other, Office, Restaurants/Cafes, General Retail, Licensed & Leisure, Other Property Types & Opportunities, Offices, Retail

Property details

FOR SALE£555,000.00
SIZE3,831 Sq Ft
ADDRESSFormer Prezzo, 3-5 Bridge Street, Christchurch, BH23 1DY
TYPEPubs/Bars/Clubs, Other, Office, Restaurants/Cafes, General Retail, Licensed & Leisure, Other Property Types & Opportunities, Offices, Retail
TENUREFor Sale Freehold
POSTED ON19th March 2024

Description

Key Points

  • Freehold ‘E Class’ restaurant for sale
  • Prominent town centre position
  • GIA of approximately 3,831 sq ft (356 sq m)
  • Site (split over two titles) extends to approximately 0.18 acres (0.07 hectares)
  • Planning consent granted (8/22/0924/FUL) to convert upper floors to 2 x 2 bedroom flats
  • Summary

    Potential for continued restaurant use, retail, offices, day nursery or residential (STP) at ground floor.

    Description

    The site extends to 0.18 acres (0.072 hectares) and split into two titles. The property comprises a two storey building of traditional brick
    painted elevations with single glazed fenestration throughout under a clay tiled pitched roof. There is a single storey slate pitched element to the rear elevation. The ground floor trade area provides a large open plan trading area with bar servery to the right of the main entrance. The
    dining areas are split over an upper and lower ground floor level. The WC facilities are located close to the rear access. A large commercial kitchen is accessed nearby. The first floor is accessed via an internal staircase to the rear of the building and consists of a number of interconnecting rooms. There is also access to a second floor loft space. The restaurant has a GIA of 356 sq m (3,831 sq ft). Internal floor plans are available upon request. Externally there is a large patio/garden which could accommodate a minimum of 50 covers.

    Location

    The coastal town of Christchurch is situated approximately 10 kilometres (6 miles) east of Bournemouth, 38 kilometres (23 miles) west of Southampton and 174 kilometres (104 miles) southwest of London. There is a direct rail service from Christchurch to London Waterloo with a journey time of approximately two hours. The nearest international airport is at Bournemouth located 9.5 kilometres (6 miles) to the north-west.
    Christchurch is situated between the River Avon which flows from the north of Salisbury and the River Stour, which flows from North Dorset. Both rivers flow directly into Christchurch Harbour, a large salt marsh protected by sandbar at the entrance. Due to the coastal location, Christchurch is a popular tourist location attracting some 189,000 staying visitors and 950,000 day visitors per year. As such, it is a seasonal town and will
    experience a significant increase in activity and trip-making during the summer months. The subject property is located on the south side of Bridge Street approximately 200 metres from the main High Street, where occupiers such as Mountain Warehouse, Boots, Costa Coffee etc
    are all located.

    Tenure

    Freehold subject to vacant possession on completion.

    Price

    We are seeking £550,000 for the Vendor’s freehold interest.

    VAT & Stamp Duty Land Tax

    VAT and SDLT will be applicable at the prevailing rate.

    Planning & Conservation

    From 1st September 2020 under the Town and Country Planning (Use Classes) Order 1987 (as amended) we understand the property benefits from ‘E-class’ consent. The property is Grade II Listed and in a conservation area. Planning has been granted under ref 8/22/0924/FUL for internal
    reconfiguration splitting 3 bed flat to 2 x 2 bed flats. Entrance from ground floor through existing un-used entrance. New Bin & Cycle store to the rear (amended plans).

    Licensing

    The property has been granted a Premises Licence in accordance with the Licensing Act 2003.

    Rating

    The subject property is entered in the 2017 Central Rating List with a Rateable Value of £49,000. Please check with the VOA for the most up to date information on all rating matters.

    EPC

    The property has an EPC Rating of D-99. The EPC will be provided to interested parties upon request.

    Viewing

    Formal viewings can be made strictly by appointment with Savills. Where appropriate, we recommend interested parties carry out a discreet
    customer inspection in the first instance. We kindly request that no approaches are made to staff or the business directly, where applicable.

    Money Laundering

    Regulations require Savills to conduct various checks on purchasers and tenants. Further details are available upon request.

    Location

    marker
    Location: Former Prezzo, 3-5 Bridge Street, Christchurch, BH23 1DY

    Christchurch (0.5 miles)

    Pokesdown (2.3 miles)

    Hinton Admiral (2.8 miles)

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