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Leasehold pub for sale in Swanage

23a High Street, Swanage, Dorset, BH19 2LR | Ref: 94410
For sale
£395,000
sidney-phillips
This property is marketed by:
Sidney Phillips

Key Features

  • Centre of seaside town
  • Views overlooking the Jurassic coast
  • Well presented indoor trading areas (89)
  • 2 well equipped catering kitchens
  • Separate takeaway unit (22)
  • Annual gross turnover in excess of £1,100,000

Location

The Ship Inn is situated in a prime position on Swanage high street and has views overlooking Swanage Bay. Swanage is approximately 6 miles south of Poole and 25 miles east of Dorchester, and has a population of approximately 9,600. The town is located at the eastern end of the Isle of Purbeck and is a popular tourist destination with award-winning sandy beaches. It is located at the beginning of the World Heritage Jurassic coastline which is very popular with walkers and tourists. 

The town is home to many galleries, tea rooms, pubs, restaurants and shops as well as the historic Swanage Steam Railway which runs through the picturesque Purbeck countryside. There are many activities to enjoy in Swanage and the surrounding areas such as diving, fishing, boat trips, paddle boarding and climbing. Tourists can also enjoy a day cruise from Poole quay to Swanage pier, which adds to the town’s high local footfall. 

The Ship Inn comprises a ground floor lock-up in a Grade II listed, 18th century building which is of Purbeck stone construction with rendered finish under a pitched slate roof. The property is briefly described as follows:

Property

Entrance into MAIN BAR, open-plan with a mix of traditional and contemporary dark polished furnishings which provide seating for approximately 45 customers. The premises was recently refurbished and is presented in a traditional manner with ceiling timbers, wooden floorboards, a fireplace with log burning stove, exposed stone effect walls and a long polished top BAR SERVERY with mirrored back bar display. There is also an additional wing which is on split level and has banquette seating for a further 20 customers. The same traditional decoration is continued into the DINING ROOM which has seating for approximately 24 customers.

CATERING KITCHEN with nonslip flooring and hygienic wall cladding. Fully fitted with a range of stainless steel equipment including a Rational oven, dry STORE ROOM, walk in COLD ROOM and walk in FREEZER. WASH UP ROOM. PREPARATION ROOM with nonslip flooring and hygienic wall cladding. UTILITY ROOM offset. 

Refrigerated BEER CELLAR with offset WINE STORE. STOREROOM. LADIES' AND GENTLEMEN'S TOILETS. CLEANING CUPBOARD.

23 High Street:— KNOWN AS "THE BRICK"

DINING AREA which has contemporary furnishings to seat 22. Presented with wooden floorboards and a polished top cushion fronted COUNTER TOP SERVERY. Adjacent is a UNISEX TOILET. 

OPEN CATERING KITCHEN with nonslip flooring and hygienic wall cladding. Fitted with a range of stainless steel equipment and an extraction system. STOREROOM offset 

Agent's note: This space could be utilised for private events and functions, or used as additional seating for the Ship Inn.

EXTERNAL 

Front trade patio with table, chair and benched seating for approximately 60.

Tenure

LEASEHOLD £395,000 PRICE to include goodwill, fixtures and fittings. Stock at valuation in addition.

The Ship Inn is held on a 21 year fully repairing and insuring lease agreement from a private landlord which commenced June 2003. The lease falls within the security provisions of the Landlord & Tenant Act and is fully assignable. Rent currently stands at £74,000 exclusive of VAT per annum paid quarterly in advance, subject to 5 yearly rent reviews. An incoming party will be required to provide a rental deposit to the landlord. The lease is free of all trade ties. There is an annual £6,000 maintenance fee to a management company, and the exterior of the building gets redecorated every 2 years. 

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.


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