Freehold Former Public House and Development Opportunity
Comprises Substantial Public House with staff accommodation on the upper floors
Planning permission granted for 9 x Residential Flats
Approximate Floor Area of 801.50 sq. m. (8,628 sq. ft.) over Ground, First and Second Floors
Popular coastal resort and University Town
Located in busy leisure pitch with high concentration of student accommodation nearby
Of interest to owner occupiers or developers
VAT Free Opportunity
Lot 19
Auction 15th February 2024
Vacant Possession
Status Sold
Price £530,000
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles east of Poole, 30 miles west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
Bournemouth is a highly popular coastal resort and university town home to over 17,000 students. The property is located on the south side of Holdenhurst Road some 150 metres from Lansdowne Roundabout. The property is conveniently located in a popular leisure pitch with a number of bars, pubs, nightclubs and restaurants in the immediate vicinity together with several student accommodation blocks including Oxford Point and Kaplan Living.
Tenure
Freehold.
Location
Miles
6 miles east of Poole, 30 miles west of Southampton
Roads
A31, A35, A338, M27
Rail
Bournemouth Railway Station
Air
Bournemouth Airport
Situation
Bournemouth is a highly popular coastal resort and university town home to over 17,000 students. The property is located on the south side of Holdenhurst Road some 150 metres from Lansdowne Roundabout. The property is conveniently located in a popular leisure pitch with a number of bars, pubs, nightclubs and restaurants in the immediate vicinity together with several student accommodation blocks including Oxford Point and Kaplan Living.
Tenure
Freehold.
Description
The property, a substantial and prominent former public house provides ground floor sales with additional seating and sales areas to the first floor. The second floor comprises a former two bedroom managers flat and a one bedroom staff flat. The property also benefits from a forecourt fronting Holdenhurst Road which formerly provided additional outside seating.
VAT
VAT is not applicable to this lot.
Planning
Planning permission was granted on 22/12/2023 by BCP Council under ref 7-2023-10346-J for the erection of a second floor side extension, internal alterations and conversion of the first floor from leisure use (Use Class Sui Generis) to form 9 x residential flats with associated access, bin and cycle storage, and the conversion of the ground floor from a bar/nightclub (Sui Generis) to a commercial space (Use Class E).
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a substantial and prominent former public house provides ground floor sales with additional seating and sales areas to the first floor. The second floor comprises a former two bedroom managers flat and a one bedroom staff flat. The property also benefits from a forecourt fronting Holdenhurst Road which formerly provided additional outside seating.
VAT
VAT is not applicable to this lot.
Planning
Planning permission was granted on 22/12/2023 by BCP Council under ref 7-2023-10346-J for the erection of a second floor side extension, internal alterations and conversion of the first floor from leisure use (Use Class Sui Generis) to form 9 x residential flats with associated access, bin and cycle storage, and the conversion of the ground floor from a bar/nightclub (Sui Generis) to a commercial space (Use Class E).
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
Ground First Second
Public House Public House/Ancillary Staff Accommodation
334.67 331.41 135.78
(3,601) (3,556) (1,461)
VACANT POSSESSION
Total
801.50
(8,628)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
