Situated close to the harbour and beach at West Bay is a stunning listed grade 2* 3-storey building dating back to the 17th century, with a range of further buildings including 3 prime location retail shops with 2 apartments over. The shops and 3-storey building are fully let on short term leases and the apartments are let on assured shorthold tenancies.
The site as a whole extends to approximately 1,806 sq m (19,440 sq ft) and offers significant redevelopment prospects. The site has the unusual and lucrative benefit of mixed-use residential, business and retail sales, including Class A1, A2, A3 and Class B uses.
Planning and Listed buiilding consent is in place for an additional building of about 1500 square feet and an enquiry for pre application advice has been submitted to the local planning authority for a comprehensive re-development of the site which would see the addition of further retail space, a first floor restaurant with prime street frontage and residential accommodation above, all in addition to the retail space in the listed building which has the benefit of planning and listed building consent for class A1 retail sales.
West Bay is a thriving tourist attraction with holiday accommodation much sought after and includes the Parkdean Holiday park and several other nearby camping sites. The promenade, beach, harbour and the resort centre are just feet away from this strategic site.
West Bay forms part of the spectacular World Heritage coast, known as the Jurassic Coast, and recently has enjoyed national and global attention due to being the location for the ITV award winning drama 'Broadchurch'. West Bay offers many excellent attractions including a picturesque harbour, bathing beaches, shops and leisure facilities, together with an 18 hole golf course and magnificent coastal and cliff top walks through land owned or controlled by the National Trust. The immediate area is designated as being One of Outstanding Natural Beauty.
The thriving and historic town of Bridport is just 1.5 miles distant, offering an excellent range of shopping and business facilities, together with twice weekly market and popular leisure centre with swimming pool.
The popular coastal resorts of Lyme Regis and Weymouth are also nearby. Dorchester, is about 15 miles to the east with main line rail services to London Waterloo. The A35 provides excellent road access to the South East, South West and the Midlands.
The current scheme provides accommodation for A1, A3, A5 and residential users.
The majority of the site operates as a vintage and retro goods emporium with stands of various sizes sublet to independent traders on a monthly licence basis, operated and managed on site by a full time manager. The whole of the site currently produces an annual gross income of approximately £78,000 (net of VAT). The traders are located in the former Customs House building at first and second floor levels, within the yard and former boat store building towards the east entrance to the site.
The café currently operates from the former boat store and provides both open air and covered seating for patrons. The current rent receivable on the café, yard and trader markets is £41,400 per annum.
The shop premises known as 9b & 9c Station Road is let on a commercial lease and currently generates an income of £10,800 per annum. The shop premises known as 9e Station Road is let on a commercial lease and currently generates an income of £10,200 per annum. The shop premises known as 9d Station Road is let on a commercial lease and currently generates an income of £3,120 per annum. The existing two apartments are generating an income of £13,200 per annum and are let on standard Assured Shorthold Tenancy Agreements.
Offers are invited for the freehold or leasehold interest including the benefit of the existing leases and ASTs.