Property for Sale

THE BUSINESS

The Anchor Inn is situated in an excellent trading position in the High Street, about 100m from the town square and sea front. The original building, which is Grade II Listed, is believed to date back some 400 years and is reputed to be the oldest pub in Swanage. The building is constructed in the most part of stone with cement rendering to the front elevations and has accommodation which is arranged on 3 floors. The main bar and dining area is extremely busy, particularly during the summer season, and has seating for approximately 80 covers.

The asking price of £169,950 for the lease includes all fixtures and fittings, CCTV, catering equipment and stock at valuation. Fixtures and fittings in the living accommodation are also included with the exception of personal items.

LEASE

The premises are held on a 20 year lease from approximately 2004 at a current rental of £44,500 per annum. The tenant is responsible for all repairs to the property and must purchase all drinks from the landlord (Punch Taverns Ltd) other than wines, spirits and minerals. There is a security deposit of £9,375.

TRADING INFORMATION

The business has been successfully operated in recent years with sales averaging £400,000 pa showing a good net profit from a split of 80% wet sales (barrelage TBC approx) and 20% food sales. A good local trade is enjoyed all year round with various local festivals held throughout the winter boosted with a good seasonal trade from the visitors throughout the summer. Audited accounts are available for inspection by genuine applicants at our office.

SERVICES

All mains services connected. Gas fired central heating.

BUSINESS RATES & COUNCIL TAX
We have been advised by Purbeck District Council that the commercial element has a Rateable Value of £35,000 and the Rates Payable £8,181.84, and the residential is Band "C", the amount payable for 2012/13 being £1,503.23, although this must be confirmed by your Conveyancer prior to exchange of contracts.


BAR AREA

GROUND FLOOR

MAIN BAR/DINING AREA 17.5m x 6.58m narrowing to 3.2m, divided into 3 sections with a main bar and seating for approximately 80 covers.

KITCHEN 3.71m x 2.67m.

PREPARATION AREA (accessed from rear courtyard) 6.3m x 1.7m.

BEER CELLAR

LADIES, GENTLEMANS AND DISABLED WC'S

HALF LANDING

STORE ROOM 4.99m x 2.39m, North and East.

FIRST FLOOR ACCOMMODATION

LIVING ROOM 6.53m x 3.44m excluding bay, South.

KITCHEN 4.9m x 2.47m, North, range of units comprising worktops, drawers and cupboards under, inset composite sink, fitted gas hob and electric oven, wall cabinets, cupboard housing wall mounted gas fired combination boiler.

BEDROOM 1 6.32m x 3.95m, South.

BEDROOM 2 (currently used as a store room) 3.98m x 2.46m, South.

SHOWER ROOM/WC 2.9m x 1.3m, shower cubicle, WC, pedestal wash hand basin.

SECOND FLOOR
BEDROOM 3 5.38m x 3.4m, South.

BEDROOM 4 3.58m x 3.5m, South.

OUTSIDE Small rear courtyard.

NOTE Any accounts, financial statements or barrelage information which are provided to prospective purchasers are provided on behalf of our client. We cannot therefore offer any guarantee of their completeness or accuracy and accordingly, we shall not be liable for any loss, damage, cost, expenses or other claims for compensation arising from inaccuracies or omissions in the accounts/financial statements. No direct approach may be made to the business. VIEWING By appointment only please through the Agents, Corbens, 01929 422284.