£695,000
Hotel for sale
Property photos
£695,000
(£695,000.00/sq. ft)
Hotel for sale
Anzac Street, Dartmouth TQ61 sq. ft
Local area information
Property location
Nearby amenities
- Dartmouth North Embankment Ferry Terminal 0.1 miles
- Dartmouth South Embankment Ferry Terminal 0.2 miles
- Kingswear Community Primary School 0.5 miles
- St John the Baptist Roman Catholic Primary School, Dartmouth 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Dartmouth to find out more about the local area.
Features and description
Prime position in picturesque harbour town
Well-appointed trading and letting accommodation
Breakfast/dining room (30)
3/4 en suite letting bedrooms
Private owners’ accommodation
For sale or available on favourable new free-of-tie lease
freehold £695,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Alternatively:
Leasehold premium: £70,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Term: Five years.
Landlord & tenant act 1954: Outside Part II Landlord & Tenant Act 1954.
Assignability: Fully assignable subject to Landlord’s consent.
Bond: £7,500 to be lodged with the Freeholders in advance.
Rent: £35,000 per annum, paid monthly in advance.
Rent review: Reviewed at the end of the term.
Break clause: The Tenant has the option to exercise a break clause at the end of year three. Six months’ written notice must be given.
Repair liability: Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
Tie: Free-of-tie.
Insurance: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
Option to purchase: The Tenant has the option to purchase the freehold at an agreed price within the first three years of the lease.
VAT: VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Well-appointed trading and letting accommodation
Breakfast/dining room (30)
3/4 en suite letting bedrooms
Private owners’ accommodation
For sale or available on favourable new free-of-tie lease
freehold £695,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Alternatively:
Leasehold premium: £70,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Term: Five years.
Landlord & tenant act 1954: Outside Part II Landlord & Tenant Act 1954.
Assignability: Fully assignable subject to Landlord’s consent.
Bond: £7,500 to be lodged with the Freeholders in advance.
Rent: £35,000 per annum, paid monthly in advance.
Rent review: Reviewed at the end of the term.
Break clause: The Tenant has the option to exercise a break clause at the end of year three. Six months’ written notice must be given.
Repair liability: Part repairing and insuring lease. This is not a full repairing and insuring lease with the Landlord retaining responsibility for the structure of the building. The Tenant will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property.
Tie: Free-of-tie.
Insurance: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
Option to purchase: The Tenant has the option to purchase the freehold at an agreed price within the first three years of the lease.
VAT: VAT will not be payable on the Premium and rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
More information
Listed by
Sidney Phillips
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