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63-64 The Esplanade

5,309 SF Retail Building Weymouth DT4 8DE £475,000 (£89/SF)

Investment Highlights

  • Landmark building
  • Beach outlook
  • Both sea-front and town centre frontage

Executive Summary

Available for the first time in many years is this famous landmark restaurant and separate wine bar benefitting from dual frontage to both the waterfront and St Mary Street pedestrian area.
The Criterion restaurant is set over 2/3 floors with a lower and upper ground floor and serving area with kitchens above. The first floor has a separate Tiki themed wine bar to the front if the building with views over the beach. To the rear of this floor is a substantial fitted kitchen and stores with dumb waiters serving below. Overall covers are 120 inside with up to 40-50 more outside by separate Council Licence/some within own demise.
The versatile accommodation allows for different permutations of use during high and low seasons.
The upper two floors of the property are not in use and can be made available to purchaser/tenant by separate negotiation if required.
Total restaurant and bar accommodation 493m2 (5,309 sqft)
Rateable Value £39,250
Lease for sale at a Premium of £35,000 for chattels and goodwill (rent £35,000pa) or purchase building (POA).
At the heart of Weymouth is the Criterion restaurant with its wine bars at first floor. Weymouth is a highly popular all year round destination famous for its beach and harbour.

Property Facts

Sale Type
Investment
Sale Condition
Furniture, Fixtures and Equipment Included
Property Type
Retail
Tenure
Freehold
Building Size
5,309 SF
Year Built
1940
Price
£475,000
Price Per SF
£89
Tenancy
Single
Number of Floors
4
Building FAR
2.43
Lot Size
0.05 AC
Frontage
22 ft on Esplanade

Amenities

  • Waterfront

Nearby Major Retailers

Coffee #1
Iceland
Caffe Nero
Santander
National Westminster Bank Plc
Rockfish Seafood Grill
Hsbc
Lloyds Bank Plc
Costa Coffee
Londis
  • Listing ID: 31397883

  • Date on Market: 03/04/2024

  • Last Updated:

  • Address: 63-64 The Esplanade, Weymouth DT4 8DE

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