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The Kings Arms 3 Corfe Rd 3,229 SF of Assignment Available in Stoborough BH20 5AB
Assignment Highlights
- 18th century end-terrace public house
- Privately owned for over 25 years with financial information available to seriously interested parties*
- Sale of Alcohol permitted daily from 08.00 - 02.00
- External areas include a trade garden and hard standing car-park
- Historic roadside village public house located at the gateway of The Isle of Purbeck and Jurassic Coast in Dorset
- Set in 0.62 acres with a 48 space car-park and potential for 200+ external bench seating
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 3,229 SF | May 2034 | $29.26 CAD/SF/YR $2.44 CAD/SF/MO $94,496 CAD/YR $7,875 CAD/MO | Fully Repairing & Insuring |
Ground
Leasehold: The property is held on a 10 year Full Repairing and Insuring lease from Stonegate until 2 May 2034 benefitting from renewal rights. The current passing rent is £51,000 per annum exclusive of VAT, subject to capped RPI and Open Market Review in 2029. The lease is part tied on bottled beers and some draft products (the lease is free of tie on three draft ciders and one ale). A lease assignment premum of £95,000 is sought. Our client has operated The Kings Arms under different responsibility and ownership for around 25 years. The business is well established with an excellent reputation in the Dorset area (Trip Advisor Excellent or Good ratings are over 80%) and is an integral party of the sporting and social community in and around the Wareham area. The business revenue is split approximately 60% food and 40% drinks. *Financial information is available to seriously interested parties on qualification.
- Use Class: E
- Assignment space available from current tenant
- Partially Built-Out as a Drinking Establishment
- Secure Storage
- Energy Performance Rating - D
- Private Restrooms
- Yard
- Lease assignment guiding a premium of £95,000
- 100 internal seats
- Self-contained manager’s accommodation
- Trade kitchen leading to a private yard
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
Property Facts
| Total Space Available | 3,229 SF | Gross Leasable Area | 3,648 SF |
| Property Type | Retail | Year Built | 1790 |
| Property Subtype | Bar |
| Total Space Available | 3,229 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 3,648 SF |
| Year Built | 1790 |
About the Property
A circa 18th century end-terrace public house of part stone, brick and plastered cob construction under a multi-pitched thatch and slate tile roof with more recent extensions. The property is two stories above street level. External areas include a trade garden and hard standing car-park. The two plot extends to approximately 0.62 acres. The ground floor customer areas are of a traditional style and provide a variety of seating arrangements for up to 100 in connected open plan areas. Located to the centre-right is a single bar servery with customer WCs behind. Situated to the left-rear of the property is a trade kitchen (serviced by mains gas supply) leading to a private yard. Further to the rear is a beer cellar and stores. Stoborough is a small, historic village and civil parish in the county of Dorset, located 0.7 miles south of the main town of Wareham, near the River Frome and situated on the edge of the Isle of Purbeck. Located in one of the gateways to the Jurassic Coast, the property is within reach of numerous attractions including Corfe Castle 3.7 miles to the south and Studland Bay (Sandbanks Ferry/Knoll Beach) 11 miles to the south-east. Wareham mainline train station is 1.2 miles to the north which connects Poole, Bournemouth and destinations to London Waterloo (all distances are approximate). The property is within the administration of Dorset Council. Located to the rear of the main property is landscaped customer garden and to the side is a paved terrace (part covered by a walled canopy extending to approximately 721 sqft) with the combined areas providing in excess of 200 seats. Located to the side of the property is a hardstanding car-park for up to 48 vehicles.
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The Kings Arms | 3 Corfe Rd
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