Investment Property, 4 The Square, Beaminster, DT8 3AS

Description
The property comprises a commercial restaurant arranged over the ground and first floors and self-contained residential letting accommodation on the second floor. The property is of a stone construction and of three floors above street level under a pitched tile roof occupying an end of terraced location.

Location
Beaminster is a small, historic market town in Dorset, England. Nestled in a valley surrounded by the rolling hills of the Dorset Area of Outstanding Natural Beauty, it is known for its picturesque setting and charming architecture. The town features a range of Georgian and early 19th-century buildings, including the notable parish church of St. Mary, which dates back to the 15th century. Beaminster has a vibrant community spirit, with local shops, cafes, and restaurants contributing to its friendly atmosphere. The town hosts various events throughout the year, such as the Beaminster Festival, which showcases music, art, and literature. The surrounding countryside offers ample opportunities for walking, cycling, and exploring the scenic landscapes of Dorset. Beaminster is 15 miles northwest of the county town Dorchester.

Internal Description
GROUND & FIRST FLOORS
The ground floor trading area is fitted out to high standard as a modern restaurant with an open plan trading area and ancillary spaces.

FIRST FLOOR
The first floor provides the customer WC?s, office, kitchen, stores and part of the manager?s flat with a bathroom and kitchen.

SECOND FLOOR
3-bedroom flat which comprises:
Hallway - extra storage cupboards throughout
Kitchen - space for under counter washing machine and fridge
Reception - views over the square
Bedroom 1 - views over the square
Bathroom
Bedroom 2 - double-glazed
Bedroom 3 - double-glazed

Planning & Conservation
The property is administered by Dorset Council and located within Beaminster Town Council. We understand that the property is Grade II listed.
and is located within the Beaminster Conservation Area.
Under the Town and Country Planning (Use Classes) Order 1987 (as amended) we understand the property benefits from Commercial Use Class E (restaurant) use and the residential part C3. We recommend parties satisfy themselves on these points.

Energy Performance Certificate / Council Tax
Domestic Flat 2 EPC D-64 / Council Tax Band-B.
Non-Domestic EPC B-43.

Tenure & Tenancy
The property is held freehold (Title Number: DT186857). The commercial restaurant business is NOT for sale and is unaffected. The commercial property is let to Chidcombe Limited on the remainder of a 6 year lease at a rent of £24,000 per annum. The residential is let on a 12 month AST at £1,000 per calendar month.

Terms
We are instructed to invite offers in the region of £760,000 which reflects a Net Initial Yield of 4.49% after deducting the usual purchasers costs.
The restaurant business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale. The residential letting property is currently let on a 12 month AST until summer 2025.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewing
All viewings must be made strictly by prior appointment with Savills and under no circumstances should any direct approach be made to any of the occupational tenants' staff or residents.